Monday, April 28, 2025 6:03:45 PM - Markets open
VN-INDEX 1,226.80 -2.43/-0.20%
HNX-INDEX 211.45 -0.27/-0.13%
UPCOM-INDEX 92.25 -0.02/-0.02%
More than 2.7 billion USD worth of ODA pumped into irrigation
vietnamplus.vn - 2/27/2019 1:32:51 PM
 (0 ratings. You must sign in to rate.)
Twenty two official development assistance (ODA) projects with total investment exceeding 2.7 billion USD have been deployed in irrigation since 1994, according to an official of the central project office (CPO) under the Ministry of Agriculture and Rural Development (MARD).
 
Pham Dinh Van, CPO deputy head, reported at a conference in Hanoi on February 26 that the main bilateral and multilateral donors include the World Bank, the Asian Development Bank, the Japan International Cooperation Agency, the Economic Development Cooperation Fund through the Export-Import Bank of Korea, the French Development Agency and the Global Environment Facility (GEF).
 
More than 45 percent of ODA capital committed for the MARD has been poured into irrigation, he said. 
 
According to the official, six projects with total funding of more than 600 million USD for 2016-2020 will continue to be extended to the 2021-2025 period. In addition, the ministry has assigned the office to mobilise capital for projects worth about 1.1 billion USD. 
 
The mobilisation, management and use of ODA and other loans have changed significantly due to access methods of development partners and Vietnam’s policies. 
 
ODA will gradually be replaced by loans and non-refundable aid from such international organisations as GEF, the Green Climate Fund and the United Nations Development Programme, Van said. 
 
He suggested the money be focused on inter-regional and inter-provincial projects on agricultural and irrigational infrastructure development and the engagement of the private sector should be promoted through the public-private partnership model. 
 
Loans should be used for the sectors that yield high profits and non-refundable aid should be allocated to technical, scientific and technology support, and the building of standards, institutions and policies. Meanwhile, non-governmental aid can be spent on relief aid and minor development assistance in areas with high poverty rates, he said. 
 
In his remarks, MARD Deputy Minister Hoang Van Thang highlighted the significance of ODA for irrigation in Vietnam. 
 
The capital has helped the country repair, upgrade and build many irrigation facilities, he said, adding that local reservoirs which were upgraded with ODA loans have met international safety standards.-VNA
 
Read original article here
 
Newer News
16:14 Logistics transforms into high-tech service industry
21/04 US tariffs prompt Việt Nam’s supply chain shift
21/04 Việt Nam stays on course for 8 per cent growth despite tariff risks
14/04 EU applies provisional anti-dumping measures on hot-rolled steel imports from Việt Nam
09/04 FTA Index is key driver to implement free trade agreements
09/04 CPI rises 3.22%, inflation remains under control in Q1
09/04 Deputy PM urges diplomatic measures conducive to US trade policy adjustments
09/04 AmCham Việt Nam speaks out on new US reciprocal tariffs
05/04 Vietnamese Party chief holds phone talks with US President
04/04 Hà Nội keeps CPI well under control
Older News
25/02 Tuna exports likely to reach $1b this year
21/02 Gov’t to look into unobserved economy
20/02 US company expands presence in ASEAN market, targeting Vietnam
19/02 Foreign investors pump 6 billion USD into HCM City via M&A
18/02 Market transparency key to stable real estate development
18/02 Vietnam faces threat of trade deficit in 2019
12/02 US-China trade war a boon for VN
11/02 Tra fish exports target 2.4 billion USD
11/02 Property market to see new development trends in 2019
30/01 Hà Nội urged to change ways of using FDI capital
 
Newsletter Signup
Top Stories
Việt Nam to launch KRX trading system on May 5
Profits, dividends, capital increases and bad debts on agendas of 2025 banking AGMs
Stock market showed weakest Q1 in 3 years
VND: VNDirect to divest from Goldsun Food
Market cautious as liquidity drops significantly
Market Update
Last updated at 3:10:01 PM
VN-INDEX 1,226.80 -2.43/-0.20%
Real-time chart
Top 5 Actives
Top 5 Gainers
Top 5 Losers
My Favorite Quotes
Company Research
Type in the symbol above for thorough background information, key statistics and financial information.
Stock Sectors
We continuously improve our services, here are the latest updates...
Portfolio
Allow you to monitor a customised group of securities. You can set up multiple Portfolios to help you better manage your investments.
Trigger Alerts
Get up-to-date alerts delivered directly to your email address.
Stock Screener
Allow you to filter the market and find exactly what sort of company you are looking for.
Live Terminal
Get instant access to FREE REAL-TIME streaming quotes for hundreds of stocks from HOSE, HNX and UPCOM exchanges.