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You are here: Home / VIETNAM’S BUSINESS NEWS HEADLINES AUGUST 31

VIETNAM’S BUSINESS NEWS HEADLINES AUGUST 31

· August 31, 2020 · Leave a Comment

ODA disbursement targets a challenge: Official Hoa Binh 3 Bridge, with costruction using ODA funding, in northern Hoa Binh province was put into use in February 2020  While the disbursement of official development assistance (ODA) has seen progress, without drastic solutions, it will be difficult for ministries and sectors to achieve allocation targets, Deputy Minister of Finance Tran Xuan Ha has said. He told a meeting in Hanoi on August 26 that 3.742 trillion VND (nearly 161.5 million USD) in ODA funding had been disbursed as of the end of August, or 21.64 percent of this year’s target, and higher than the disbursement in the same period last year yet still lower than the disbursement of domestic public capital, which currently stands at 40 percent. Among ministries, the Ministry of Transport posted the best performance in ODA disbursement, at about 51 percent as of the end of August. It acknowledged, however, that disbursement still falls short of expectations. It blamed the slowness partly on the impact of COVID-19, which has been an obstacle to foreign experts coming to the country and also affected the bidding process, as well as the prolonged handling of adjustments to certain projects. The Ministry of… Read full this story

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