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.
Nhat Tan Bridge, one of major infrastructure projects using the official development assistance (ODA) loans. (Source: VNA)
Hanoi (VNA) – The government has recently issued Decree No.56/2020/ND-CP onmanagement and use of official development assistance (ODA) and concessionalloans granted by foreign sponsors to Vietnam.
Accordingly,foreign sponsors can be foreign governments, international organisations, inter-government or internationalorganisations, and governmental organisations authorised by foreign governments.
Methods for the provision of ODA and soft loansinclude programme, project, non-project and budget assistance.
Regarding the usage of non-refundable ODA, priority will be given to socio-economic infrastructure programmes and projects;capacity building; supporting formulation of policies, institutions andreforms; prevention and mitigation of natural disasters and response to climatechange; social security; among others.
ODA loans will be used for execution of programmes and projects inhealthcare, education and vocational training, climate change adaption,environment protection, and essential infrastructure that are not able to produce paybacks.
The ODA and concessionalloans shall not be used for regular spending, payment of fees, taxes and interests, or purchaseof cars (except for those approved by competent authorities) and siteclearance, among others.
The decreealso outlines rules to prevent and deal with corruption, losses andwastefulness in management and use of ODA and soft loans in accordance withlaw.
Ho Chi Minh City will do its utmost to effectively implement projects funded by Japan’s official development assistance (ODA), Chairman of the municipal People’s Committee Nguyen Thanh Phong has committed.
Projects invested by Japanese investors or funded by Japanese official development assistance (ODA) capital have played a crucial role in economic development of Vietnam and Hanoi in particular, said Chairman of the municipal People’s Committee Nguyen Duc Chung.
The Bac Son – Nam Hai arterial road was open to traffic on May 3 morning, aiming to connect the east and the west of the northern port city of Hai Phong.
A sewer system under To Lich river in Hanoi is being built using unprecedented technology designed by a Japanese company in a bid to clean up the notoriously polluted river.
Vietnam’s participation at the meeting underscores the country’s consistent foreign policy of independence, self-reliance, multilateralisation and diversification, and proactive international integration in a broad, deep, and effective manner. It also conveys Vietnam’s ambition and determination to enter a new era - the era of the nation’s rise.
The amended law will take effect on July 1, 2025, except for provisions on civil servant evaluation in Section 3, Chapter IV, which will be implemented from January 1, 2026.
Prime Minister Pham Minh Chinh’s participation at the 16th Annual Meeting of the New Champions of the World Economic Forum (WEF) in Tianjin, China, reflects the Vietnamese Party and Government’s strong commitment to the Vietnam–China comprehensive strategic cooperative partnership, while injecting fresh momentum into bilateral economic and trade cooperation amid a volatile global economic landscape.
A key amendment was made to Clause 2, Article 16, which now stipulates that a child born to one parent who is a Vietnamese citizen and the other a foreign national shall be granted Vietnamese nationality, if both parents agree to choose Vietnamese nationality for the child during birth registration with competent Vietnamese authorities
PM Chinh's participation demonstrates Vietnam's strong appreciation and support for China. This, in turn, contributes to further promoting the positive development of the Comprehensive Strategic Cooperative Partnership, aiming to build a Vietnam-China community with a shared future, which carries strategic significance.
At the WEF meeting in Tianjin, Vietnam continues to affirm its foreign policy of independence, self-reliance, diversification and multilateralisation, as well as its proactive and active approach to comprehensive, extensive, and effective international integration
Vietnam always regards the RoK as an important and long-term strategic partner; and hopes that the two sides will work together to further deepen the Comprehensive Strategic Partnership in a more substantive, effective, and comprehensive manner in the coming time.
Within the framework of the Vietnam-Australia Comprehensive Strategic Partnership, people-to-people exchanges and local cooperation have been priorities.
The merger of Nam Dinh, Ha Nam, and Ninh Binh aims to shape a modern, vibrant development space with Ninh Binh at its heart, transforming the region into a hub of smart and green industry and services by 2030, while preserving its unique identity as a national heritage centre.
While praising the efforts of ministries, sectors, and localities in tackling smuggling, trade fraud, counterfeiting, and intellectual property violations, PM Chinh acknowledged that in some places and at certain times, there has been lax enforcement and unclear jurisdiction, leading to increasingly complex developments in these issues.
At the working session, General Secretary Lam presented the Party Committee of the VFF and central mass organisations with the Politburo’s Decision No. 304-QD/TW, which outlines the new structure, functions and tasks of the VFF Central Committee, marking a significant step in improving its organisational effectiveness.
Describing the exhibition as a large-scaled, content-rich, and unprecedented event with high requirements and limited preparation time, PM Pham Minh Chinh urged all ministries, sectors, and localities to participate with the highest sense of responsibility, ensuring the exhibition is inclusive, objective, truthful, feasible, and impactful.
Vietnam’s attendance reaffirms its consistent foreign policy of independence, self-reliance, multilateralisation and diversification, and comprehensive, intensive, extensive and effective international integration.
Cheng stressed that this is third time PM Chinh has attended the meeting and he is among the few senior government officials participating in this year's event, which is considered as a rare and commendable gesture.
The fact that the Vietnamese PM has been invited to attend and speak at this important event for three consecutive years reflects the WEF as well as the international business community's recognition and high regard for Vietnam's position, role, and contributions to global and regional economic growth.
Nhat Tan Bridge, one of major infrastructure projects using the official development assistance (ODA) loans. (Source: VNA) 
