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Over 2.56 bln USD of ODA, concessional loans committed for Vietnam in H1

Xinhua, July 21, 2016 Adjust font size:

Over 2.56 billion U.S. dollars of official development assistance (ODA) and concessional loans was committed for Vietnam in the first half of 2016, posting a surge of 61 percent year-on-year, according to the Ministry of Planning and Investment (MPI) on Thursday.

Meanwhile, disbursement of ODA and concessional loans during the January-June period declined by 4 percent year-on-year to about 1.85 billion U.S. dollars, including 1.75 billion U.S. dollars of ODA loans and 100 million U.S. dollars of non-refundable ODA, Vietnam's state-run news agency VNA quoted the MPI as saying.

During 2011-2015 period, nearly 22 billion U.S. dollars of ODA, concessional loans had been signed but failed to be disbursed for Vietnam, said a proposal approved by Vietnamese government on orientation of attracting, managing and using ODA, concessional loans during 2016-2020 period.

During 2016-2020 period, Vietnam is in need of 39.5 billion U.S. dollars of ODA and concessional loans with focus on projects in transport, urban development, agriculture, environment, education-training, healthcare and science-technology. Enditem