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The Vietnam Bank for Social Policies (VBSP)'s Ninh Binh Branch has provided more than 9.84 trillion VND (415.63 million USD) in soft loans for 547,871 poor households and other policy beneficiaries in the northern province over the last two decades.
The Ninh Binh Provincial People's Committee has issued a document urging the implementation and disbursement of official development assistance (ODA) capital and foreign preferential loans.
The disbursement of public investment, including ODA and preferential loans, is considered one of the key tasks of the Vietnamese Government to promote economic development and successfully complete socio-economic development targets in 2020. However, the disbursement progress of ODA and preferential loans in Ninh Binh province still lagged behind schedule.
Ten out of 12 ministries and agencies have committed to completing the disbursement of foreign loans this year after adjusting down their capital plans, the Ministry of Finance has reported.
The government has recently issued Decree No.56/2020/ND-CP on management and use of official development assistance (ODA) and concessional loans granted by foreign sponsors to Vietnam.
Vietnam's disbursement of official development assistance (ODA) and concessional loans in the first seven months of 2019 reached US$1.226 billion, official data has shown.
Vietnam has mobilised approximately US$80 billion in official development assistance (ODA) and preferential loans since 1993, establishing itself as one of the largest recipients of ODA worldwide.
The World Bank (WB) is scheduled to work in July to remove some countries including Vietnam from the list of concessional loans from the WB's International Development Association (IDA).
Vietnam will continue to receive preferential loans from Japan until 2030. This information was announced by JICA's Chief Representative in Vietnam recently.
The total official development assistance (ODA) and concessional loans disbursed in the first six months this year has reached about US$1.91 billion, 38% lower than that of the same period last year.
The International Fund for Agricultural Development (IFAD) will provide US$33 million in preferential loans under the sustainable rural development project for the poor in the provinces of Ha Tinh and Quang Binh.
