Deputy PM Pham Binh Minh meets sponsors to discuss disbursement of ODA projects
Deputy PM Pham Binh Minh met with UN Resident
Coordinator in Vietnam Kamal Malhotra, WB Country Director for Vietnam
Ousmane Dione and Dutch Ambassador to Vietnam Elsbeth Akkerman yesterday to
discuss the disbursement of ODA projects.
Deputy PM, FM Pham Binh Minh hosts receptions for UN
Resident Coordinator in Viet Nam Kamal Malhotra, World Bank Country Director for
Viet Nam Ousmane Dione and Dutch Ambassador to Viet Nam Elsbeth Akkerman, Ha Noi,
on July 10, 2019- Photo: VGP
At the meeting, Deputy PM Minh expressed thanks to
the support and assistance of sponsors for Viet Nam as the capital provided
by sponsors has played a crucial role in the nation’s economic development
and social advance.
Viet Nam expects sponsors to continue supporting and
diversifying the access of foreign capital resources in line with
prioritized orientations of the Vietnamese Government and interests of
sponsors, he added.
He spoke highly of recommendations and proposals of
sponsor group, asserting that the Vietnamese Government acknowledged the
status of disbursement of public investment capital and foreign loans to
take specific steps for accelerating the rate of progress of disbursement.
The Government has issued a number of regulations to
improve the effectiveness of attracting and deploying foreign loans, he
said, adding that in the future, the Government will continue simplifying
procedures on receiving ODA and preferential loans.
He hoped to join hands with sponsors to build a
decree to create a favorable legal framework in disbursement of the ODA.
The Ministry of Planning and Investment directly
worked with relevant ministries and agencies to review, classify and make a
list of long-delayed projects and the Deputy PM held a direct dialogue with
representatives of six sponsors in Ha Noi to reach measures to boost the
rate of progress and improve the effectiveness of ODA capital in the time
The occasion, Minh suggested Viet Nam coordinate
with sponsors to harmonize procedures between the recipient (Viet Nam) and
sponsors, including regulations on disbursement based on set plan (to
Vietnamese side) and disbursement based on rate of progress (the sponsor
side) to ensure good control of public debt.
Ousmane Dione referred to slowdown in signing and
receiving non-refundable aid, including natural calamity relief, even an aid
lasting for three years.
The Deputy PM affirmed to inspect the case and ask
ministries and agencies to make report and prevent the similar situation
from recurring. VGP