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Vietnam's Japanese ODA tops $674M

Vietnam's Japanese ODA tops $674M

Japanese Official Development Assistance (ODA) in Vietnam could top JPY100 billion (US$674 million) this fiscal year for the first time since 2017, according to a joint statement.
Japan provides $422M ODA loan to Vietnam

Japan provides $422M ODA loan to Vietnam

The Japan International Cooperation Agency has signed an official development assistance agreement with the Vietnamese government to provide a loan of 60.98 billion yen (US$422 million) for three projects.
July 4, 2023 | 09:44 pm PT
Six-month ODA disbursement rate in localities remains low

Six-month ODA disbursement rate in localities remains low

The disbursement of public investment funded by official development assistance (ODA) in localities in the first six months of this year has reached only 7.6% of the year’s target, according to the Ministry of Finance.
June 28, 2023 | 08:48 pm PT
Vietnam, Japan sign three ODA projects valued at $500M

Vietnam, Japan sign three ODA projects valued at $500M

Vietnamese Prime Minister Pham Minh Chinh and his Japanese counterpart Fumio Kishida witnessed the signing of three ODA projects with a total value of 61 billion yen (US$500 million) on Sunday.
May 21, 2023 | 07:34 am PT
Vietnam spends less than half of ODA funds

Vietnam spends less than half of ODA funds

Only VND6.3 trillion ($271.7 million), or 45.5 percent of official development assistance funds has been spent so far this year.
December 9, 2020 | 07:28 pm PT
Vietnam gets $348 mln Japan loan to improve maritime patrol capability

Vietnam gets $348 mln Japan loan to improve maritime patrol capability

Vietnam will borrow 36.6 billion yen ($348.66 million) from the Japan International Cooperation Agency to build six patrol boats.
July 28, 2020 | 10:38 pm PT
Vietnam to pay $6.56 mln for Hanoi metro

Vietnam to pay $6.56 mln for Hanoi metro

Vietnam needs to pay China VND152.7 billion ($6.56 million) this year toward the loan it took to fund the first Hanoi metro line.
February 6, 2020 | 12:44 am PT
Hanoi proposes ODA funding of $1.32 bln for metro section

Hanoi proposes ODA funding of $1.32 bln for metro section

Hanoi wants to borrow VND30.57 trillion ($1.32 billion) in official development assistance (ODA) to construct a downtown metro section.
November 27, 2019 | 11:09 pm PT
Vietnam to borrow $21 bln next year to cover expenses

Vietnam to borrow $21 bln next year to cover expenses

Vietnam is set to borrow VND495 trillion ($21.54 billion) next year to repay existing debts and cover budget deficits, a government report said Monday.
October 21, 2019 | 06:37 am PT
Start date for Hanoi’s first metro route uncertain: Transport Ministry

Start date for Hanoi’s first metro route uncertain: Transport Ministry

A date can’t be set for Hanoi’s first metro line to begin commercial operations as the Chinese contractor is yet to complete work.
September 27, 2019 | 11:00 pm PT
ODA projects repeatedly delayed by slow capital disbursement

ODA projects repeatedly delayed by slow capital disbursement

Some ODA projects suffer stoppages every few months of construction, waiting for disbursement of counterpart funds, Minister of Finance Dinh Tien Dung says.
September 14, 2019 | 02:16 am PT
ODA disbursement slows down to a crawl

ODA disbursement slows down to a crawl

Vietnam disbursed a measly 7 percent of the annual ODA disbursement target in Jan-May, a parliamentary report says.
August 15, 2019 | 04:00 am PT
Transport ministry prefers Vietnamese aviation firm as Long Thanh Airport investor

Transport ministry prefers Vietnamese aviation firm as Long Thanh Airport investor

The Transport Ministry highly recommends that funding for the nation's biggest airport is mainly sourced from the Airports Corporation of Vietnam.
August 3, 2019 | 08:00 pm PT
Hanoi to build new metro section in 2021

Hanoi to build new metro section in 2021

Hanoi plans to borrow $1.48 billion from official development assistance (ODA) funds to build a metro section in 2021.
July 6, 2019 | 04:59 pm PT
ODA disbursement alarmingly slow: Finance Ministry

ODA disbursement alarmingly slow: Finance Ministry

Vietnam’s disbursement of official development assistance is yet to reach half of the amount planned for 2016-2020, says the Ministry of Finance.
June 26, 2019 | 07:57 pm PT
Take acquisition route, Deputy PM tells South Korean banks

Take acquisition route, Deputy PM tells South Korean banks

South Korean banks desiring to enter Vietnam should acquire local lenders since new licenses are not in the offing, Deputy PM Vuong Dinh Hue said.
June 20, 2019 | 08:20 pm PT
State audit finds ODA projects riddled with inefficiencies

State audit finds ODA projects riddled with inefficiencies

Many ODA projects required millions of dollars in additional capital, were bound by disadvantageous provisions, made excessive payments to foreign contractors.
May 22, 2019 | 04:47 am PT
Vietnam ODA spending slowest in a decade: World Bank

Vietnam ODA spending slowest in a decade: World Bank

The World Bank is concerned about Vietnam’s slow use of official development assistance and hopes to work with it to find a solution.
December 17, 2018 | 10:37 pm PT
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