Promoting the effectiveness of ODA capital and preferential loans for sustainable development

On the afternoon of September 12, at the Government Headquarters, Deputy Prime Minister Bui Thanh Son chaired a meeting of the National Steering Committee on ODA and preferential loans with foreign donors. The meeting was held in both in-person and online formats with 34 centrally-run provinces and cities.

Delegates attending the meeting at Tuyen Quang bridge point.

Comrade Hoang Gia Long, Member of the Provincial Party Standing Committee, Vice Chairman of the Provincial People's Committee attended and chaired the meeting at Tuyen Quang bridge. Attending the meeting were leaders of a number of relevant departments, branches and units.

According to the Ministry of Finance 's report, in the 2021-2025 period, Vietnam mobilized an average of 800 million to 1 billion USD in ODA capital and preferential loans each year. In particular, in the first 8 months of 2025, Vietnam mobilized nearly 450 million USD in ODA loans and foreign preferential loans and it is expected that from now until the end of 2025, it can complete negotiations on 9 more loan agreements with a total value of about 370 million USD. ODA capital and preferential loans have helped Vietnam invest in infrastructure development, improving the lives of people in areas, especially in difficult areas.

At the meeting, domestic and international representatives focused on discussing solutions to remove obstacles to increase the disbursement rate of ODA capital and preferential loans. These included building a legal corridor for state-owned enterprises to use ODA capital and preferential loans; reducing management agencies and simplifying the process of receiving non-refundable ODA capital...

Speaking at the meeting, Mr. Hoang Gia Long, Vice Chairman of Tuyen Quang Provincial People's Committee, affirmed: ODA loans and foreign preferential loans are important resources to help the province implement a number of activities such as: Improving livelihoods, developing infrastructure, increasing income for local people, contributing to promoting socio -economic development, strengthening national defense and security of the province in particular and the northern mountainous region in general.

In addition to the achieved results, there are still some shortcomings and limitations, namely: Official Dispatch No. 12976/BTC-QLN dated August 22, 2025 of the Ministry of Finance applied for the 2025 budget year is 30%, which has put great pressure on balancing local budgets to fulfill the obligation to repay principal and interest such as Tuyen Quang province - a mountainous province with many difficulties.

Leaders of several departments and branches attended the meeting.

Comrade Hoang Gia Long recommended the Government: Consider improving the process of appraising and approving medium-term and annual public investment capital plans for new projects by shortening the time for processing documents, increasing decentralization and authorization to ensure compliance with the progress and actual disbursement needs of the project; consider adjusting the re-borrowing rate for mountainous provinces, remote areas, and difficult areas to match the ability to balance local budgets, especially for provinces with many difficulties.

On the donor side, continue to supplement aid capital to ensure project feasibility, helping to reduce public debt. Particularly, the Asian Development Bank (ADB) and the World Bank (WB) should consider adjusting loan interest rates for mountainous provinces with many difficulties such as Tuyen Quang...

Concluding the meeting, Deputy Prime Minister Bui Thanh Son emphasized: In the context of the global economy facing many challenges, mobilizing and effectively using ODA capital and preferential loans has become extremely important for Vietnam's sustainable development.

The Vietnamese Government has been continuing to build and perfect a favorable investment environment, improve administrative procedures and enhance the capacity to absorb ODA capital and preferential loans. Vietnam prioritizes projects that bring long-term benefits to the country, focusing on key areas such as: Development of synchronous and modern infrastructure; green transformation and climate change response; comprehensive social development, thereby improving state governance capacity.

Deputy Prime Minister Bui Thanh Son affirmed: The Vietnamese Government is committed to managing ODA capital and preferential loans in a transparent and effective manner, ensuring that all loans are used for the right purposes, bringing the highest benefits to the people, contributing to putting Vietnam firmly on the path of development.

News and photos: Doan Thu

Source: https://baotuyenquang.com.vn/thoi-su-chinh-tri/tin-tuc/202509/phat-huy-hieu-qua-nguon-von-oda-va-vay-uu-dai-cho-phat-trien-ben-vung-f754a8a/