The focus of the financial support is infrastructure, manpower, and post-pandemic economic recovery.

The loans enable Vietnam to boost its recovery strategies adopted by the National Assembly in early 2022.

Infrastructure projects help smooth economic connectivity among parts of Vietnam and between the country and other ASEAN nations.

The Prime Minister has approved the “Investing in Vietnamese women” project with the capital sourced from the Australian Government’s non-refundable ODA.

Prime Minister Nguyen Xuan Phuc has agreed for the adjustments of an investment plan for the project “The Restructuring for a More Competitive Vietnam” which uses non-refundable official development assistance (ODA) from the Australian Government.

The Ministry of Finance said on October 25 that the Official Development Assistance (ODA) loans have significantly contributed to socio-economic development, however, in the coming time, ODA loans must be used more carefully as preferential loans from development partners are reducing considerably.

Speaking at a workshop on accelerating the implementation and disbursement of official development assistance (ODA) programmes and projects in Hanoi on October 18, Deputy Prime Minister Pham Binh Minh highlighted the need to disburse more than 22 billion USD of ODA and concessional loans committed to Vietnam in the 2017-2020 period.

Prime Minister Nguyen Xuan Phuc has given the instruction of proposal using official development assistance capital from the Republic of Korean Government’s Economic Development Cooperation Fund (EDCF) for a railway project.

Switzerland pledges to continue providing development aid for Vietnam so that the country will address such challenges as climate change, water and food security, Swiss Ambassador to Vietnam Beatrice Maser Mallor said at a workshop held in Hanoi on September 30.

The Japan International Cooperation Agency (JICA) will continue to support Vietnam to develop infrastructure projects, JICA President Shinichi Kitaoka affirmed at a press conference in Hanoi on September 10 as part of his official visit to Vietnam.

Deputy Prime Minister (PM) Pham Binh Minh has asked ministries and agencies to comply with the government’s Decree on official development assistance (ODA) management and use, and a scheme on attracting, managing and using ODA and preferential loans in 2016-2020 period.

Vietnam is committed to optimizing ODA in general and ADB’s funding in particular for its economic growth.

Enterprises in the transport sector have become more eligible for official development assistance (ODA) after being restructured, officials say.

The total official development assistance (ODA) and concessional loans committed for Vietnam reached more than 2.56 billion USD after six months of 2016, increasing by 61% over the same period last year, according to the Ministry of Planning and Investment.

The total official development assistance (ODA) and concessional loans committed for Vietnam reached more than 2.56 billion USD after six months of 2016, increasing by 61% over the same period last year, according to the Ministry of Planning and Investment.

According to Yasuo Fujita, Chief Representative of the Japan International Cooperation Agency (JICA) in Vietnam, Japanese ODA has been implemented successfully and effectively in the country.

From July next year, ODA (official development assistance) funds received by the country will only be allocated to provinces facing difficulties and for programmes to improve public welfare and eliminate hunger and poverty rather than for large infrastructure projects, according to the Ministry of Finance.

Official Development Assistance (ODA) is broadly defined as a loan accorded to a branch of the Vietnam government with the objective of promoting sustainable social and economic development, reports the Ministry of Finance (MoF).

The Prime Minister has approved three foreign-funded development projects including fields of renewable energy, caring for disabled children and water management.

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 National Power Transmission Corporation has mobilised 70.65 trillion VND (3.36 billion USD), including 1.3 billion USD of official development assistance (ODA), in the past five years for its power projects.

The National Steering Committee for ODA and Preferential Loans on February 3 met with six development banks to assess and devise a plan to accelerate ODA-funded projects and programmes for the upcoming year.

The Official Development Assistance (ODA) secured in 2014 totaled US$4.3 billion, including US$4.16 billion in preferential loans and US$202 million in non-rendable aid.