(VOVworld) – Prime Minister Nguyen Tan Dung has outlined tasks to improve the efficiency of cooperation between Vietnam and donors of official development assistance (ODA) and preferential loans. 

Vietnam to work effectively with ODA donors. (Photo: baodientu.chinhphu.vn)

He asked ministries and agencies to prepare an in-depth report on the status of Vietnam’s investment and business environment, specifying any existing drawbacks, sectors in need of reform, and recommended steps to help Vietnam meet the ASEAN standards. The PM called attention to the economic use of ODA and preferential loans, especially those used in technical support, partly by restricting working trips abroad and pouring the majority of the sum into project components. According to the Office of the National Steering Committee for ODA and Preferential Loans, donors awarded nearly 4.4 billion USD in grants to Vietnam in 2014. The amount of disbursed ODA and preferential loans was about 5.6 billion USD this year. Of major donors, Japan disbursed the most assistance, followed by the World Bank and the Asian Development Bank.