(VOVworld) - Using official development assistance (ODA) capital as effectively as possible is a task that requires the utmost efforts of each ministry, sector, and locality, said Deputy Prime Minister Hoang Trung Hai, who is also head of the National Steering Committee for ODA and preferential loans, on Wednesday.

A section of Ho Chi Minh City-Long Thanh-Dau Giay highway that is funded by ODA (Photo: VNA)

ODA and concessional loans disbursed in the first half of the year were estimated to total 1.91 billion USD, including 1.73 billion USD of ODA loans and 181 million USD of non-refundable ODA. The disbursed sum was 38 percent lower than the year before, because of problems in professional standards, changes during project implementation, differences in procedures between Vietnam and its sponsors, and slow allocation of Vietnam’s counter capital.
Deputy Prime Minister Hai urged ministries, sectors and localities with a low rate of capital disbursement to make drastic moves to ensure the progress and efficiency of beneficiary projects.