Vietnam must accelerate ODA disbursement

by VTV413 August 2015 Last updated at 08:43 AM

Contractors work on the T2 passenger terminal of Noi Bai International Airport in Ha Noi. Obstacles continue to affect the disbursement of ODA, including important policy differences on compensation, land clearance and resettlement between Viet Nam and its network of donors. — VNA/ VNS Photo Huy Hung
Contractors work on the T2 passenger terminal of Noi Bai International Airport in Ha Noi. Obstacles continue to affect the disbursement of ODA, including important policy differences on compensation, land clearance and resettlement between Viet Nam and its network of donors. — VNA/ VNS Photo Huy Hung

VTV.vn - Only US$1.9 billion of Official Development Assistance (ODA) was disbursed in the first half of this year, 38% lower than the same period last year.

The statistics were released at a conference held this morning by the National Steering Committee for ODA and Preferential Loans.

The meeting was chaired by Deputy Prime Minister Hoang Trung Hai, who is also head of the committee.

Currently, there are 24 projects yet to be implemented, 14 of which are far behind schedule.Obstacles affecting the disbursement of ODA include policy differences on compensation, land clearance and resettlement between Viet Nam and its donors.

Others include changes in zoning at a local level, and a lack of counter capital due to limited state and provincial budgets.

In light of delays to ODA disbursement, Deputy PM Hai instructed agencies and ministries to reassess projects that are not meeting their deadlines.

Top VND Exchange Rates

Auto-refesh 15m

USD

EUR

AUD
1 VND
Inverse:
0.00004
22,510.0
0.00004
25,226.0
0.00006
15,674.0

Mid-market rates: 2024-11-23 07:55 UTC