Prime Minister Nguyen Xuan Phuc has agreed for the adjustments of an investment plan for the project “The Restructuring for a More Competitive Vietnam” which uses non-refundable official development assistance (ODA) from the Australian Government.

The Ministry of Finance said on October 25 that the Official Development Assistance (ODA) loans have significantly contributed to socio-economic development, however, in the coming time, ODA loans must be used more carefully as preferential loans from development partners are reducing considerably.

Speaking at a workshop on accelerating the implementation and disbursement of official development assistance (ODA) programmes and projects in Hanoi on October 18, Deputy Prime Minister Pham Binh Minh highlighted the need to disburse more than 22 billion USD of ODA and concessional loans committed to Vietnam in the 2017-2020 period.

Prime Minister Nguyen Xuan Phuc has given the instruction of proposal using official development assistance capital from the Republic of Korean Government’s Economic Development Cooperation Fund (EDCF) for a railway project.

Switzerland pledges to continue providing development aid for Vietnam so that the country will address such challenges as climate change, water and food security, Swiss Ambassador to Vietnam Beatrice Maser Mallor said at a workshop held in Hanoi on September 30.