ODA disbursement targets a challenge: Official Hoa Binh 3 Bridge, with costruction using ODA funding, in northern Hoa Binh province was put into use in February 2020 While the disbursement of official development assistance (ODA) has seen progress, without drastic solutions, it will be difficult for ministries and sectors to achieve allocation targets, Deputy Minister of Finance Tran Xuan Ha has said. He told a meeting in Hanoi on August 26 that 3.742 trillion VND (nearly 161.5 million USD) in ODA funding had been disbursed as of the end of August, or 21.64 percent of this year’s target, and higher than the disbursement in the same period last year yet still lower than the disbursement of domestic public capital, which currently stands at 40 percent. Among ministries, the Ministry of Transport posted the best performance in ODA disbursement, at about 51 percent as of the end of August. It acknowledged, however, that disbursement still falls short of expectations. It blamed the slowness partly on the impact of COVID-19, which has been an obstacle to foreign experts coming to the country and also affected the bidding process, as well as the prolonged handling of adjustments to certain projects. The Ministry of… Read full this story
- NBE Bank of the Year, AlexBank most efficient: Business News
- A server glitch hits busy news day
- Business Breakfast RECAP: Mothercare to close 50 stores and bring back ousted chief executive
- Business Breakfast LIVE: Carillion was driven by 'rotten corporate culture', MPs say
- Business Breakfast RECAP: Cambridge Analytica investigation to continue despite firm announcing closure
- Welshman who's made it big in US business is now looking to pass on his wisdom
- Cardiff City transfer and rumours news RECAP
- KKR beat KXIP by 31 runs to regain 4th spot
- 2018 Maruti Ciaz Facelift To Get SHVS With New Petrol Engine; Launch By August
- Fox Business guest says torture worked on 'Songbird' McCain; host apologizes
VIETNAM'S BUSINESS NEWS HEADLINES AUGUST 31 have 299 words, post on vietnamnet.vn at August 31, 2020. This is cached page on Gatofuns. If you want remove this page, please contact us.