ODA technical support for construction sector totals US$45.6m

Most of the sum funds capacity and institution improvement efforts. 

The ministry said it had completed the capital use and allocation planning for ODA-funded projects. 

Recently, the ministry successfully attracted about US$24.58 million in ODA from Japan, the Republic of Korea, and Germany, among others, for eight projects. 

The MoC is also coordinating the implementation of three projects on urban facility upgradation, water supply and wastewater treatment. They are funded by loans worth a total over US$937 million from the World Bank. 

The World Bank has also agreed to provide an additional US$7 million for a project on water supply and urban wastewater treatment in the Mekong Delta, the MoC added. 

ODA capital has proved to be a considerable contributor to Vietnam’s socio-economic development. 

The national committee for ODA and preferential loans requested ministries to promote the effectiveness of ODA and concessional loan use, especially the loan disbursement progress. 

In the first half of 2016, over US$2.56 billion of ODA and concessional loans was committed for Vietnam, surging by 61 percent year on year. 

The disbursement of ODA capital and concessional loans during the reviewed period declined by 4 percent from a year earlier to about US$1.85 billion, including US$1.75 billion of ODA loans and US$100 million of non-refundable ODA, according to the Ministry of Planning and Investment