ODA bet88 kèo concessional loan disbursement to be accelerated

At a meeting of the National Steering Committee for Official Development Assistance (ODA) bet88 kèo concessional loans held on April 13, Deputy Prime Minister Bui Thanh Son, who is also head of the Committee, asked for accelerating the implementation of ODA projects bet88 kèo effective use of this capital.

The Deputy PM was quoted by the Vietnam News Agency as saying at the meeting that accelerating the disbursement of public investment capital, including ODA bet88 kèo concessional loans, is crucial for unlocking development resources.

In order to sustain high economic growth in the coming years, effective use of ODA is essential, he noted.

However, according to the Deputy PM, ODA disbursement remains sluggish. Between 2021 bet88 kèo 2024, the annual average disbursement rate was just 52%. In the first four months of 2025, the rate was only 4.6%, significantly lower than the national average disbursement rate for public investment of approximately 8% during the first quarter. The Government’s task forces, assigned to inspect bet88 kèo expedite public investment disbursement across ministries, sectors, bet88 kèo localities, have identified numerous shortcomings in the management bet88 kèo implementation of ODA bet88 kèo concessional loan-funded projects, largely due to subjective causes.

While recognizing that domestic resources are strategic bet88 kèo fundamental, the Deputy PM stressed the vital role of mobilizing external resources, especially in sectors where Vietnam lacks technological capacity. He noted that ODA has played an important role in supporting Vietnam’s development, including helping the country achieve several United Nations Sustainable Development Goals (SDGs) ahead of schedule.

He affirmed that going forward, Vietnam will focus on projects with substantial ODA funding, high concessionality, short implementation periods, bet88 kèo reduced administrative procedures, especially in infrastructure (railways, aviation) bet88 kèo climate change adaptation. He also called for the preparation of several key projects to initiate direct engagement with international partners.

Deputy PM Son requested the Ministry of Finance to incorporate feedback, review bet88 kèo update reports in preparation for a meeting with foreign donors in early May. He instructed the ministry to coordinate with relevant agencies to submit a proposal to the Prime Minister to consolidate the steering committee by April 18.

The ministry was also tasked with finalizing legal documents to address institutional bottlenecks, including drafting a new decree to replace the existing ones on ODA bet88 kèo concessional loan management, to be submitted to the Government by April 30 under fast-track procedures.

The Ministry of Finance was also assigned to take the lead in proposing amendments to relevant laws, such as the Law on Public Investment, the Law on State Budget, bet88 kèo the Law on Public Debt Management. These proposed changes must be detailed bet88 kèo designed to resolve difficulties in existing projects.

Meanwhile, the Ministry of Foreign Affairs was directed to review current procedural obstacles bet88 kèo propose amendments to several articles of the Law on International Treaties, aiming to simplify procedures, particularly in the signing of international agreements related to ODA bet88 kèo concessional loans.

At the meeting, Deputy Minister of Finance Tran Quoc Phuong reported that the total amount of ODA bet88 kèo concessional loans committed for the 2021–2024 period was roughly .32 billion. In 2025, the Ministry of Finance has actively pursued new loan negotiations bet88 kèo agreements. In the first four months alone, negotiations were completed for five projects worth a total of 3.84 million, bet88 kèo three framework agreements with Germany, Austria, bet88 kèo Spain for the 2025–2030 period were signed.

To date, consensus has been reached with development partners to sign loan agreements for 23 projects bet88 kèo one budget support loan from the Government of Japan, with a total projected value of approximately .47 billion for 2025.

Regarding disbursement, Deputy Minister Phuong said between 2021 bet88 kèo 2024, VND64.33 trillion (nearly .5 billion) out of VND131 trillion (more than .078 billion) of planned capital was disbursed (excluding Ministry of National Defense data). By the end of March, foreign capital disbursement stood at VND294 billion (nearly .4 million), or 1.26% of the annual plan. As of April 30, it is estimated to reach VND1.07 trillion (nearly .5 million), equivalent to 4.6% of the annual target, not including rolled-over capital from the previous year.

The Deputy Minister outlined several challenges, including legal inconsistencies; discrepancies between Vietnamese regulations bet88 kèo donor procedures; bet88 kèo overlapping bet88 kèo lengthy negotiation processes, especially due to provisions in the Law on International Treaties. Other issues include asset collateral requirements for public non-business units bet88 kèo lending limits for individual clients of financial institutions.

ODA bet88 kèo concessional loan-funded projects must comply with both Vietnamese laws bet88 kèo donor regulations, which often differ bet88 kèo lack harmonization. In addition, the preparation of investment projects by managing authorities has been slow, with prolonged administrative procedures, delays in budget allocation bet88 kèo site clearance, bet88 kèo limitations in the capacity bet88 kèo resources of project management units bet88 kèo implementing agencies.

At the meeting, ministries, sectors, bet88 kèo localities reviewed their recent performance in managing bet88 kèo utilizing ODA bet88 kèo concessional loans. They proposed institutional reforms, capital allocation strategies, bet88 kèo disbursement measures; identified existing challenges bet88 kèo root causes; bet88 kèo outlined responsibilities bet88 kèo solutions for resolution.