Most of the capital has been used for projects on transport, water supply and drainage, and urban development.
The ODA amount included loans of US$500 million to help the country overcome the global economic crisis, US$410 million for the Ho Chi Minh City Long Thanh-Dau Giay expressway and US$300 million for Hanoi water drainage project in the second phase.
The ODA disbursement target for the year was just US$1.9 billion, including US$1.6 billion in loans and US$300 million in non-refundable aid.
But with just US$1.86 billion disbursed in the ten-month period, the ministry expects the amount for the whole year to reach US$3billion, the highest since Vietnam began to receive ODA 17 years ago.
ODA to be committed for next year at the upcoming Consultative Group Meeting is expected to hit US$5.07 billion. The World Bank, the Asian Development Bank and Japan, which provides 70-80 percent of the total aid, remain the big donors.
Part of the total amount will be used to build a second international terminal at Hanoi’s Noi Bai International Airport (US$710 million), the Da Nang-Quang Ngai expressway (US$580 million), infrastructure for Lang-Hoa Lac High Tech Industrial Park (US$615 million) and a road linking Nhat Tan bridge with Noi Bai International Airport (US$150 million).
The ministry also predicts the total ODA commitment for the 2006-2009 periods to fetch US$20 billion, far surpassing its set target of US$12.35-15.75 billion.
The ODA disbursement target for 2010 has been set at US$2.47 billion, 30 percent higher than this year’s target.
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