Slow site clearance is a deeply-ingrained problem that has dogged the disbursement of official development assistance (ODA) loans, Director General of the Ministry of Planning and Investment’s Foreign Economic Relations Department Luu Quang Khanh.
At the Ministry of Planning and Investment's press conference (Photo: VNA)
Hanoi (VNA) – Slow site clearance is a deeply-ingrained problem that hasdogged the disbursement of official development assistance (ODA) loans,Director General of the Ministry of Planning and Investment’s Foreign EconomicRelations Department Luu Quang Khanh.
At the regular press conference in Hanoi on June 27, the ministry said thatonly 48 percent of the 60 trillion VND (2.57 billion USD) capital assigned bythe National Assembly has been disbursed.
Khanh stressed that apart from slow capital allocation, other factors areattributed to the cumbersome disbursement.
He pointed to the shortage of responding capital and glacial process forcompleting investment and bidding procedures as major obstacles.
In addition, he said that the Government should accelerate the signing of on-lendingagreements with foreign partners to promote the ODA disbursement.
The ministry has recommended the Government to issue Directive on measures topromote management and use of foreign loans, and presented the Prime Minister adraft decree stipulating the use of non-government foreign aid. Besides, it is craftinga decree on Vietnam’s aid for foreign countries. -VNA
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At the Ministry of Planning and Investment's press conference (Photo: VNA) 
