The Ministry of Planning and Investment reported that from 1993, when Vietnam recovered its relations with international sponsors, to June 2017, the country inked agreements on non-refundable loans and aid worth some USD 82.61 billion.

Prime Minister Nguyen Xuan Phuc and representatives of ministries, sectors and localities at a meeting on ODA disbursement on August 1 

As of the end of June 2017, 810 programs and projects were being implemented with total undisbursed capital of about USD 21.167 billion. The sum will be disbursed from now through 2026 according to the agreements’ schedule, but most of the sum, USD 17.485 billion, is set to be disbursed between 2017 and 2020.

Total ODA capital and concessional loans able to be disbursed in 2017 are about USD 4.6 billion, of which about 33 percent, or USD 1.5 billion was disbursed in the year’s first half, according to the ministry.

Participants at the meeting pointed out shortcomings in the use and management of ODA capital and sought measures to address those problems.

PM Phuc said ODA capital has significantly contributed to national development, and the majority of it has been used effectively.

All of the signed ODA capital and concessional loans must be disbursed on schedule, he stressed, adding that each project owner must review their capacity and responsibility and withdraw or seek other funding sources when realizing their incompetence.

The Government leader also instructed ministries, sectors and localities to facilitate ODA capital and concessional loans. He told them soon build plans on ODA and concessional loans attraction for 2018 and three-year financial plans.

Source: VNA