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Vietnam ODA Disbursement Reaches $34Bln by End 2011: MoPI
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Vietnam ODA Disbursement Reaches $34Bln by End 2011: MoPI
Vietnam ODA Disbursement Reaches $34Bln by End 2011: MoPI
VietFinanceNews.com - Vietnam is estimated to have disbursed a total of $34 billion official development assistance (ODA) by end of 2011, Bui Quang Vinh , Minister of Planning and Investment (MoPI) said.
The figure accounts for 44.15% of the pledged funds, Minister said, adding that Vietnam’s ODA disbursement level is low due to weak management, sluggish site clearance, slow capital financing, non-appropriate project designs, difficulties in consultant selection and reciprocal shortage.
MoPI currently has proposed the World Bank to help Vietnam boost ODA disbursement by establishing mechanism in which Vietnam proposes donors to cut the reciprocal to 10%-20% from current 30%.
Vietnam has attracted $77 billion ODA by end of 2011 in fields of agricultural and rural area development, poverty reduction, economic infrastructure, environment protection, natural resources, institutional building and human resource development.
ODA is one of Vietnam’s key forex inflows after export, foreign direct investment (FDI) and remittances. However, experts said that Vietnam should cut ODA using to improve efficiency and avoid a debt burden in the future.
http://www.vietfinancenews.com/2012/05/vietnam-oda-disbursement-reaches-34bln.html
VietFinanceNews.com - Vietnam is estimated to have disbursed a total of $34 billion official development assistance (ODA) by end of 2011, Bui Quang Vinh , Minister of Planning and Investment (MoPI) said.
The figure accounts for 44.15% of the pledged funds, Minister said, adding that Vietnam’s ODA disbursement level is low due to weak management, sluggish site clearance, slow capital financing, non-appropriate project designs, difficulties in consultant selection and reciprocal shortage.
MoPI currently has proposed the World Bank to help Vietnam boost ODA disbursement by establishing mechanism in which Vietnam proposes donors to cut the reciprocal to 10%-20% from current 30%.
Vietnam has attracted $77 billion ODA by end of 2011 in fields of agricultural and rural area development, poverty reduction, economic infrastructure, environment protection, natural resources, institutional building and human resource development.
ODA is one of Vietnam’s key forex inflows after export, foreign direct investment (FDI) and remittances. However, experts said that Vietnam should cut ODA using to improve efficiency and avoid a debt burden in the future.
http://www.vietfinancenews.com/2012/05/vietnam-oda-disbursement-reaches-34bln.html
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