Using official development assistance (ODA) capital as effectively as possible is a major task that requires utmost efforts of each ministry, sector and locality, Deputy PM Hoang Trung Hai said.
A section of Ho Chi Minh City-Long Thanh-Dau Giay highway that is funded by ODA (Photo: VNA)
Using official development assistance (ODA) capital as effectively as possible is a major task that requires utmost efforts of each ministry, sector and locality, Deputy Prime Minister Hoang Trung Hai said on August 12.
Hai, who is also head of the National Steering Committee for ODA and preferential loans, cited the fact that as it will be more difficult for Vietnam to attract ODA and concessional loans as the country became a middle-income one.
The committee’s standing agency pointed out that the attraction and disbursement of ODA and concessional loans fell short of expectations despite continuous endeavours.
ODA and preferential loans committed in the first half of 2015 approximated 1.6 billion USD, including over 1.57 billion USD of ODA and concessional loans and 17 million USD of non-refundable assistance, representing 70.54 percent of the same period last year’s figure.
Some large beneficiary projects are phase II of an environmental hygiene in Ho Chi Minh City (450 million USD funded by the World Bank), the construction of Ben Luc – Long Thanh highway (262.79 million USD funded by Japan), and the promotion of the economy’s competitiveness (230 million USD funded by the Asian Development Bank).
Total ODA and concessional loans disbursed during the January – June period was estimated at 1.91 billion USD, including 1.73 billion USD of ODA loans and 181 million USD of non-refundable ODA. The disbursed sum was 38 percent lower than that in a year before, the standing agency said.
It attributed the sluggish attraction and disbursement to problems in professional standards, changes during project implementation, differences in procedures between Vietnam and its sponsors, and the slow allocation of Vietnam’s responding capital.
Deputy PM Hai told ministries, sectors and localities with the low rate of capital disbursement to make drastic moves to ensure the progress and efficiency of beneficiary projects.
Meanwhile, the Ministry of Planning and Investment must make monthly reports on the improvement of project management agencies’ performance and address hindrances to project implementation, he noted.-VNA
Japan has committed another 112.4 billion JPY (936.4 million USD) in official development assistance to Vietnam to facilitate its socio-economic development.
The Japan International Cooperation Agency (JICA) will maintain close coordination with the Vietnamese Government as the biggest official development assistance (ODA) partner of Japan , according to JICA Representative Chief Mori Mutsuya.
Official development assistance (ODA) sources provided for the central province of Thua Thien-Hue have been used effectively, especially in developing local infrastructure facilities.
Vietnam's many achievements in socio-economic development over the past 30 years of doi moi (renewal) owed much to 20 years as recipients of significant Official Development Assistance (ODA).
The HCM City People’s Committee set out to accelerate the disbursement of projects using official development assistance (ODA) loans after a low disbursement rate in the first half this year.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
A section of Ho Chi Minh City-Long Thanh-Dau Giay highway that is funded by ODA (Photo: VNA)
