(Engineering daily) Nguyen Anh Duong = Ministry of Finance said that Vietnam’s disbursement of official development assistance(ODA) is yet to reach half of the amount planned for 2016-2020.
According to the National Assembly’s medium-term public investment plan, Vietnam should disburse $15.43 billion of ODA and other concessional loans received between 2016 and 2020.
However, as of May 2019, it had only disbursed $5.7 billion. So far, Vietnam has only spent 37% of the ODA capital it has been given for the four-year period.
Finance Ministry said at a conference on Wednesday that ministries and localities have been slow to report their capital disbursement plans for 2019, leading to slow allocation of capital in some localities.
There are 60 projects in Vietnam which have not been allocated their planned capital, with total shortfall estimated at over $1.46 billion.
