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Viet Nam: How to Accelerate ODA Disbursement
Source: english.vietnamnet.vn
Source Date: Friday, June 04, 2010
Country: Viet Nam
Created: Jun 07, 2010

VietNamNet Bridge – There remain a number of snags in the disbursement of official development assistance (ODA), said delegates at the first forum to review the efficiency of ODA for Vietnam in 2010 held in Hanoi on June 3. On addressing the forum, the Deputy Minister of Planning and Investment, Nguyen Van Trung highlighted the efficiency of ODA, which has greatly contributed to Vietnam’s socio-economic development, poverty reduction and the country’s 10-year strategy for socio-economic development (2011-2020). While Vietnam is going to become a middle-income country and face global challenges, the government and development partners agreed to transform the partnership group on the efficiency of ODA into the forum on ODA efficiency to make more effective use of ODA.

The forum aimed to enhance relations between the Vietnamese Government and its development partners to build a new partnership and attract more ODA funding through more effective coordination between Vietnamese agencies and donors. The delegates focused their discussions on the use of ODA over the 2006-2010 period and increasing the efficiency of ODA in several areas, including coping with climate change. The disbursement of ODA from 2006-2009 accounted for 12-13 percent of the total investment capital sourced the State budget. In 2009 alone, the total value of ODA hit more than US$6.1 billion, up 41 percent over 2008 and the total disbursed capital reached more than US$4 billion, double the Government’s set target.

However, many delegates said that there remain snags in the disbursement of ODA, especially in investment and construction, the capacity of contractors, poor consultancies which failed to meet projects’ requirements and low-quality human resources. Concerning a report on the efficiency of ODA and plans to attract and effectively use funds in 2011-2015, representatives from the World Bank (WB), the Asian Development Bank (ADB) and UN agencies in Vietnam underlined the need to enhance the capacity of those ODA recipients which are committed to implementing projects properly. The forum was held on the eve of the Donors’ Consultative Group (CG) Meeting, which will be held from June 9-10 in the southern province of Kien Giang.
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