ODA and concessional loan disbursement hits US$1.226 billion

14:33 | 18/08/2019 Economy

Vietnam’s disbursement of official development assistance (ODA) and concessional loans in the first seven months of 2019 reached US$1.226 billion, official data has shown.

Nhat Tan Bridge, a project funded by Japanese ODA

According to the Department of Debt Management and External Finance under the Ministry of Finance, Vietnam signed three lending agreements with the Asian Development Bank worth US$333.4 million in the January-July period.

As of July 20, government debt payments were estimated at VND194.612 trillion (US$8.4 billion), of which VND164.491 trillion (US$7.1) was for domestic loans and the remainder was for foreign loans.

In the last seven months, the government did not provide any guarantee on domestic and foreign loan projects.

As of July 20, capital withdrawals from government-backed domestic projects were estimated at VND67 billion. Loan principal payments were estimated VND22.442 trillion (US$965 million) and interest payment was VND6.846 trillion (US$294.3 million).

For government-backed foreign loans, total withdrawals were VND4.903 trillion (US$210.8 million) while principal and interest payments were estimated at VND18.714 trillion (US$804.7 million).

Theo NDO