THE SOCIALIST REPUBLIC OF VIET NAM
Government News
ODA disbursement rate keeps moving up
VGP – The pace of ODA disbursement has seen remarkable advancements in the first ten months of 2009, reaching US $1.86 billion and meeting 98% of the set target.
According
to the latest report released by the Ministry of Planning and Investment (MPI),
these achievements resulted from tight supervision of the Government, extreme endeavor
of all ministries, agencies and localities to speed up the ODA disbursement in
favor of the economic stimulus policy.
The
total ODA is worth about US $6 billion in 2009.
The
MPI revealed its plan to disburse around US $2.5 billion in 2010 and continue
adopting measures to mobilize, manage and spend ODA in an effective manner.
Especially,
supervision and assessment of all ODA-related projects will be carried out at
all levels for the purpose of fast disbursement and high efficiency.
By Hương Giang