Vietnam has successfully disbursed about $3.9 billion in official
development assistance in 2012, the Ministry of Planning and Investment
reported.
The official development
assistance (ODA) disbursement included $3.65 billion of loans and $250 million
of non-refund aids. “It is a positive result, especially amid economic
difficulties, and at a time when Vietnam has become a middle-income nation for
which ODA tends to reduce,” MPI Minister Bui Quang Vinh said.
Last week, Japanese Ambassador to
Vietnam Yasuaki Tanizaki told VIR that Japan, which was Vietnam’s biggest
bilateral ODA donor, had been providing Vietnam with $2.6 billion over this
fiscal year, from April 2012 to March 2013. Of that amount, $1.4 billion was
disbursed for the period’s first six months, focusing largely on infrastructure
projects in Vietnam. In the previous fiscal year, Japan provided $2.7 billion
in ODA loans.
“We will continue to assist
Vietnam’s economic development, especially to help it realise the goal of
becoming a modern industrialised country by 2020. In other words, we would like
to support Vietnam for it to better adapt to the market economy system and
enhance its competitiveness sustainably,” Tanizaki said.
At the 2012 annual Consultative
Group (CG) meeting of donors for Vietnam in Hanoi on December 10, 2012,
development partners pledged $6.485 billion in ODA for Vietnam’s development
agenda in 2013.
“The new $6.485 billion ODA has
manifested the international donors’ great confidence in Vietnam’s ODA usage.
It is a very big sum and reflects their very kind heart to the country,” Vinh
said.
The minister said the support was
even more significant, especially amid the growing European public debt and the
world’s troubled economic situation.
This $6.485 billion would be
mainly used for Vietnam’s infrastructure, poverty reduction, climate change and
social security projects. It came from 30 development partners, including 25
countries and five big international organisations.
Vinh said 2013 was forecast to be
another difficult year not only for Vietnam, but also for all donors. “We
understand that donors also find it difficult in giving their financial
assistance to Vietnam, while their budget is being tightened. Still, Vietnam
would like to continue being supported by the international community, because
their assistance is an important capital source for the country’s poverty
reduction and development investment.”
Since 1993, total ODA committed
to Vietnam has exceeded $76.5 billion. For instance, the figures were $7.386
billion in 2012, $7.9 billion in 2011 and over $8 billion in 2010, and $24.8
billion in between 2003 and 2009.
ODA disbursement reached $2.94
billion in 2010 and $3.65 billion in 2011.
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