Business

HCM City: ODA disbursement on the rise

The 2011-2015 disbursement of official development assistance (ODA) in Ho Chi Minh City achieved 99.5 percent of the original goal of 26.57 trillion VND (about 1.23 billion USD).
The 2011-2015 disbursement of official development assistance (ODA) inHo Chi Minh City achieved 99.5 percent of the original goal of 26.57trillion VND (about 1.23 billion USD).

The figure showed a 213percent increase compared to the 2006-2010 period, according to themunicipal Department of Planning and Investment.

Since 2011,the city has raised about 49.6 trillion VND (2.3 billion USD) worth ofODA capital for 13 new projects and three ongoing projects.

Of which, non-refundable aid hit 122 billion VND (5.7 million USD) and the remaining were loans and soft loans.

ODA capital contributes an average of 20-30 percent of the city’s budget to infrastructure development each year.-VNA
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