VN should carefully consider ODA loans: ministryVietNamNet Bridge – Vietnam has been advised to carefully consider whether to borrow from Official Development Assistance (ODA) loans in the future. For example, some ODA loans could have requirements of technologies and selected contractors, causing the actual borrowing cost to be higher than competitive bidding, the ministry said. The ministry also named ODA projects that had investment capital increasing a lot compared to initial estimates. The ministry said ODA loans and preferential loans should only account for about 30-50 per cent of the total investment capital for a project. The Government was urged to better use ODA loans for projects to improve infrastructure, develop smart agriculture or boost export activities, the ministry said.

Source: VietNamNet News August 21, 2018 08:26 UTC