Vietnam Law & Legal Forum Magazine is your gateway to the law of Vietnam

Official Gazette

Thursday, March 23, 2023

ODA, concessional loan disbursement need be accelerated: PM’s dispatch

Updated: 09:38’ - 10/04/2022
Ministries, sectors and localities must consider disbursement of foreign official development assistance and concessional loans as one of the core political missions of 2022 and the following years, strengthen discipline, and uphold the responsibility of the leaders.

It is requested by Deputy Prime Minister Pham Binh Minh on the Prime Minister’s dispatch signed on April 8 on the acceleration of disbursement of ODA and concessional loans.

As per the document, the PM noted that as the COVID-19 pandemic is basically put under control, the task of promoting the disbursement of public investment, including foreign ODA and concessional loans, is considered one of key solutions to economic recovery and socio-economic development in 2022.

However, the ODA disbursement in 2022 remains slow, thus reducing the efficiency of public investment use as well as the attraction of other social resources, wasting resources, and affecting post-pandemic economic recovery momentum, said the dispatch.

Hence, it is necessary to intensify coordination between foreign donors and ministries and localities in drawing up detailed disbursement plans for each ODA project, especially key ones with large capital, and at the same time step up land clearance and focus on solving difficulties related to land and resources.

The Ministry of Finance was required to continue reviewing regulations to simplify procedures and shorten the time to control spending and withdraw capital from donors.- (VLLF)


Send Us Your Comments:

See also:


Vietnam Law & Legal Forum