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Late disbursement of ODA needs improvement

by VTV418 August 2017 Last updated at 07:35 AM

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VTV.vn - A planned 4.6 billion USD of Official development assistance needs to be disbursed this year.

However, only a third of that amount has been released. It is noted that all ODA projects are important civil projects. Slower disbursement also means higher interest on the original loans and incomplete infrastructure negatively affects the country's GDP. Waste of money as the project is put into operation late, the money is not used while interest is still due and the contractors have to borrow from banks.