ODA disbursement hits nearly US$37.6 billion

Of this figure, agreements worth US$58.463 billion have been signed, and US$37.597 billion have been disbursed.

Many ODA-funded projects have already been implemented, providing fresh impetus for socio-economic development and contributing greatly to poverty reduction.

In recent years, ODA has become a crucial tool for developing infrastructure, stimulating economic growth and improving living standards for local Vietnamese people.

At recent policy talks, regarding Japanese ODA loan for Vietnam, international donorspraised Vietnam’s ODAmanagement and disbursement, stating the money has been invested properly

Japangranted ODA loans to assistVietnam indevelopingimportant infrastructure projects such as roads, bridges, and ports, creating a firm foundation for economic growth in Vietnam.

However, despite  the substantial funding received over the years, ODA disbursement has failed to achieve the necessary breakthrough required for socio-economic development.