Vietnam Reports US$1.2Bln ODA Commitment So far This Year
Official direct assistance (ODA) commitment into Vietnam is estimated at around US$1.2 billion since the beginning of the year, according to the Ministry of Planning and Investment (MPI).
The sum includes US$1.1 billion of loans, the rest being non-refundable assistance, from donors.
The MPI said ODA disbursement in the period reached US$520 million, fulfilling 27.5 per cent of the year’s target, including US$450 million from loans.
Among the total disbursement, the Japan Bank for International Cooperation (JBIC), the World Bank (WB) and the Asian Development Bank (ADB) account for the most with US$375 million.
The MPI has actively joined hands with ADB, the French Development Agency (AFD), JBIC, The German Reconstruction Bank (KFW) and the World Bank (WB) in a program supervising ODA usage and management, aiming to raise the effectiveness of this capital.
ODA usage and management in Vietnam face three main difficulties, namely compensation for site clearance, differences in ODA-related procedure implementation between Vietnam and donors, and weak capacity of ODA project management boards.
Vietnam is expected to receive combined pledged capital of US$12.35-15.7 billion in 2006-2010, representing a remarkable increase compared with US$8 billion from 2001 to 2005.
Disbursed ODA capital is expected to stand between US$11.46 billion and US$12.41 between 2006 and 2010. (Vietnam & World Economy)
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