Japan will consider new generation ODA for Vietnam, with a primary focus on new fields such as digital transformation, green transformation, climate change response and health, alongside infrastructure construction as a traditional field, said newly appointed Japanese Ambassador to Vietnam Ito Naoki.
Vietnam and Japan should continue to beef up their partnership in the field of development cooperation, while working closely together to settle all obstacles for projects using Japanese official development assistance (ODA) in Vietnam, Deputy Minister of Planning and Investment Tran Quoc Phuong said at a high-level Vietnam-Japan economic conference held in Hanoi on March 7.
Japan continues to be the nation’s leading economic partner, the number one ODA donor, the third major investor, and the fourth largest trading partner.
The Prime Minister has assigned the Ministry of Planning and Investment to draft strategies and policies on development cooperation with foreign donors in order to improve the efficiency of using official development assistance (ODA) and concessional loans.
Prime Minister Pham Minh Chinh has proposed that Japan provide the nation with new-generation official development assistance (ODA) to ensure new and flexible ways and measures go alongside maximum incentives which can be used across multiple fields.
Vietnam will focus on handling bottlenecks and promoting the disbursement and effective use of official development assistance (ODA) and preferential loans from donors between 2018 and 2020, per a plan recently approved by Prime Minister Nguyen Xuan Phuc.
Vietnam has received US$80 billion in official development assistance (ODA) and preferential loans since 1993, becoming one of the largest ODA recipients in the world, said Deputy Prime Minister and Minister of Foreign Affairs Pham Binh Minh.
The Vietnam-RoK Strategic Cooperative Partnership has enjoyed strong and sustainable development in all fields over the past years. The RoK now ranks first in terms of investment, and second in ODA provision, tourism and trade.
Payment and site clearance delay are major barriers to official development assistance (ODA)-funded projects in Vietnam, chief representative of the Japan International Cooperation Agency (JICA) in Vietnam Fujita Yasuo told a press conference in Hanoi on October 18.
Hanoi will take over three delayed transport projects from the Ministry of Transport to speed up efforts in curbing traffic jams in the city.
The disbursement of public investment and official development assistance-based capital through the end of the year is expected to reach government targets.
The main water supply company in Da Nang city, Dawaco, has proposed that it raises funds on its own to build the Hoa Lien Water Plant instead of using non-refundable Official Development Assistance (ODA) funds from Japan.
