Prime Minister Nguyen Tan Dung has signed decision 290 approving the plan on attracting and using ODA (official development assistance) capital in the 2006-2010 period, under which
In order to implement the socio-economic goals in 2006-2010 and reach the annual growth rate of 7.5-8% per annum in the period, Vietnam will need to mobilise VND2,200bil ($140bil, 2005’s exchange rate and $160bil, current exchange rate). Of this capital amount, 65% will be raised from domestic sources and 35% from outside sources.
Regarding the demand for ODA in the next five years,
According to the Ministry of Planning and Investment (MPI),
MPI has forecast that the total ODA capital to be committed in 2006-2010 will be $20.4-23.7bil. Donors have also given similar figures in their forecasts.
ODA capital is expected to be injected mostly in transport projects, post and telecommunications, water drainage and supply, health care, education, environment and science and technology. Meanwhile, ODA capital to be pumped into industries and energy will see the decrease of 15%.
The projects on building T2 International Airport in
For 2001-2005, the donors have pledged to give