(VEN) - From 2011-2015, Vietnam will disburse US$2.8-3.2 billion worth of Official Development Assistance (ODA) annually. The information was provided in the plan for attraction, management and utilization of ODA capital and preferential loans from other sources in the 2011-2015 period, which was recently approved by the Prime Minister.
The above plan was made based on the Vietnamese Government's Socioeconomic Development Strategy and Public Debt Management Strategy for the 2011-2020 period as well as the actual situation of ODA attraction and management from 2001-2010. Vietnam officially joined the group of medium-income countries in 2010 and it continues to cope with difficulties and challenges in 2011-2015. Therefore, Vietnam must have suitable policies to ensure effective attraction and use of ODA capital in the new situation.
The plan proposes policies to improve the effectiveness of activities related to the attraction and use of ODA capital and preferential loans from other sources.
The plan indicates that ODA and preferential loans committed by foreign donors for Vietnam in the 2011-2015 period are estimated to total US$32-34 billion, of which US$14-16 billion, equal to about six percent of Vietnam's total investment in development in the same period, will be disbursed. About 50 percent of ODA capital to be disbursed in 2011-2015 is related to programs/projects signed in 2006-2010.
So, in the 2011-2015 period, Vietnam will disburse about US$2.8-3.2 billion worth of ODA annually. This is an important source of investment capital which helps Vietnam implement its five-year socioeconomic development plan for 2011-2015.
The Vietnamese Government has been committed to maintaining tight cooperation with foreign donors and making every effort to ensure effective implementation of the tasks related to the disbursement of ODA capital in 2011-2015.
The above plan indicates that ODA capital and preferential loans from other sources will be used to serve the implementation of the five-year socioeconomic development plan for 2011-2015, the ten-year socioeconomic development plan for 2011-2020, the plan for construction of infrastructure catering for the country's industrialization and modernization cause in 2011-2020, national programs for 2012-2015 and important public investment programs/projects which can attract investment from the private sector or use commercial loans.
The sectors and fields which are prioritized in terms of ODA attraction and disbursement from 2011-2015 include infrastructure construction and modernization, human resource development, especially highly qualified human resources, science and technology development, knowledge-based economy, agriculture and rural development, building laws and institutions related to the socialist-oriented market economy, protection of the environment and natural resources, coping with climate change, green growth, investment and trade promotion, some production and business fields. Priority will be given to poor provinces which are faced by numerous difficulties and remote areas./.
By Nguyen Hoa
|