ODA disbursement expected to reach US$25-30 billion during 2016-2020

Friday, 2016-02-19 11:08:54
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Hanoi's third ring road - an ODA-funded project
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NDO - Vietnam plans to disburse between US$25-30 billion of official development assistance (ODA) over the next five years.

The target was revealed via a proposed scheme on ODA attraction, management and use over the 2016-2020 period recently approved by the prime minister.

The Party and State have relied mainly on internal strength for national development while considering ODA and other preferential loans as importance sources of finance.

Data shows that an estimated US$22 billion in ODA and concessional loans from the 2011-2015 period are yet to have been disbursed, therefore one of the key tasks over the next five years is to complete ODA-funded projects as scheduled.

In each of the next five years, ODA disbursement is expected to reach US$5-6 billion, up 14% from the previous period.