National Committee Meets to Expedite ODA and Concessional Loan Disbursement
Deputy PM Bui Thanh Son, who also heads the National Steering Committee for ODA and Concessional Loans, emphasized the importance of accelerating the implementation of projects and ensuring effective capital utilization. This statement was made during a committee meeting on April 13, 2025. Enhancing Capital Utilization Effectiveness: According to Son, expediting public investment capital disbursement, including ODA and concessional loans, is vital for unlocking development resources. He noted that to maintain high economic growth in the coming years, efficient use of ODA is crucial. However, ODA disbursement has been slow, with an annual average disbursement rate of only 52% between 2021 and 2024. In the first four months of 2025, the rate was a mere 4.6%, significantly lower than the national average for public investment disbursement. Vietnam’s Deputy Prime Minister Bui Thanh Son chairs a meeting of the National Steering Committee for ODA and Concessional Loans. (Photo: VNA) So...