Three major solutions to remove obstacles and improve the efficiency of ODA capital use

According to the Ministry of Finance , Decree 242/2025/ND-CP contributes to perfecting the legal framework in line with the 2024 Public Investment Law and related laws.

Overview of the workshop. Photo: Organizing Committee

Decree No. 242/2025/ND-CP focuses on three major groups of solutions. First, simplifying administrative procedures by abolishing many unnecessary intermediate approval and appraisal regulations for ODA and preferential loan projects; shortening the procedure for adjusting project documents, only requiring the opinion of the Ministry of Finance in case of large capital increases; simplifying the process of receiving loans, assigning capital plans, using surplus capital, and selecting serving banks; significantly reducing the number of cases requiring adjustment of investment policies, helping to speed up project progress.

Decree on decentralization, delegation of authority, and delegation of authority to decide on investment policies for group A projects and many projects previously under the Prime Minister's authority to ministries, branches, and localities; assigning competent governing bodies to participate in most regional projects, except for some specific fields; decentralizing to competent governing bodies the decision on the use of surplus capital and project adjustments of state-owned enterprises that re-borrow ODA capital and preferential loans.

The Decree also improves the mechanism and removes obstacles by clarifying regulations on state-owned enterprises using ODA loans and preferential loans, creating favorable conditions for public investment; supplementing regulations on handling assets and equipment handed over by donors, ensuring a transparent legal basis...

Director of the Department of Debt Management and Foreign Economic Relations (Ministry of Finance) Nguyen Quoc Phuong said that Decree No. 242/2025/ND-CP is of special importance as it not only removes bottlenecks in mobilizing ODA capital and preferential loans but also demonstrates the strong reform spirit of the Government's institutions and policies.

The Decree is in line with the strategic reform orientation through four breakthrough resolutions of the Politburo, helping to unlock resources and create momentum for Vietnam to enter an era of development, prosperity and strength of the Vietnamese nation.

Source: https://hanoimoi.vn/ba-giai-phap-lon-go-vuong-va-nang-cao-hieu-qua-su-dung-von-oda-717392.html