Vietnam has needs of $39.5 billion in official development assistance (ODA
) and concessional loans for 1,203 projects in the 2016-2020 period, according to a government plan.
The funding will be used for projects of the sectors of transport, urban development, agricultural and rural development, environment, education, health, and science and technology.
Undisbursed ODA and concessional loans brought from the 2011-2015 period are estimated at $22 billion.
According to the plan, total ODA disbursements in the next five year are estimated at $25 billion-$30 billion, or $5 billion-$6 billion per year, rising 14% from the previous five-year period.
Vietnam signed accords to borrow $27.78 billion in ODA and concessional loans in the 2011-2015 period, 31.47% higher than the amount in the previous five years. Six donors namely ADB
, AFD, JICA, KfW, KEXIM and the World Bank provided a combined $26.31 billion between 2011 and 2015, accounting for 94.7% of the total.
ODA disbursements totaled $22.33 billion from 2011 to 2015, 1.6 times those in the 2006-2010 period.
Vietnam’s Ministry of Finance has estimated the country’s total outstanding ODA and concessional loans to reach $55 billion as of the end of 2020, accounting for 26% of its public debt and 15% of gross domestic public.