Nine-month ODA disbursement hits US$3.1 billion
(VOV) - More than US$3.1 billion out of nearly US$4.6 billion in official development assistance (ODA) have been disbursed over the past nine months.
According to the Ministry of Industry and Trade (MoIT), the disbursement of ODA and preferential loans has made significant progress, especially in the projects funded by Japan International Cooperation Agency (JICA) and World Bank (WB).
In general, however the disbursement of ODA has not yet made a breakthrough as the level is not the same in localities and sectors. Quick disbursement is mainly in transport, electric power, urban development, agricultural and rural development projects.
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The MoIT reported that by September 20, Vietnam had 872 newly licensed projects with a total registered capitalisation of nearly US$9.3 billion, equal to 93% in number and 135% in capital compared to the same period last year.
MoIT emphasised that the foreign direct investment (FDI) sector has contributed significantly to the export growth of 24.8% to US$12.4 billion in the reviewed period.