ODA disbursement on the rise in Q1

Of the total, US$331 million is worth of loans and US$33 million in non-refundable aid, according to the Ministry of Planning and Investment.

Two ODA projects were signed in the first quarter: the Vietnam Road Asset Management Project worth US$251.7 million funded by the World Bank and the Vietnam - Finland Innovation Partnership Program (phase 2) worth US$13.56 million funded by Finland.

In the reviewed period, foreign direct investment (FDI) decreased by 49.6% to US$3.334 billion. However, the FDI sector was the main contributor to the country's US$1 billion trade surplus in three months.

The FDI sector's export value was estimated at US$20.78 billion (excluding crude oil), accounting for 62.3% of the country's total export value.

Its import value was US$18.55 billion. Thus, the sector enjoyed a trade surplus of US$3.92 billion (including crude oil) and US$2.23 billion (excluding crude oil).

(Source: VOV News)