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Prime Minister Le Minh Hung has directed ministries, sectors and localities to strengthen the management and improve the efficiency of official development assistance (ODA) and foreign concessional loans, while accelerating their disbursement to support the country's goal of achieving double-digit economic growth.
The directive stresses that improving the efficiency and accelerating the disbursement of public investment, including ODA and foreign concessional loans, will not only drive sustainable economic growth and safeguard major economic balances, but also strengthen discipline and improve the management and use of foreign capital throughout the 2026-30 period.
However, according to the Ministry of Finance, as of June 15, disbursement of foreign-funded public investment under the revenue-and-expenditure recording mechanism had reached just 9.99 per cent of the assigned annual plan, well below the disbursement rate for domestically funded public investment. The disbursement rate for local governments' on-lending programmes stood at only 8.98 per cent.
Notably, several ministries, central agencies and localities had yet to disburse any foreign capital. The directive attributes the persistent delays primarily to weak investment planning and slow completion of domestic investment procedures, leaving projects without completed work eligible for payment and slowing overall implementation.
The PM ordered that the allocation, management and use of ODA and concessional loans be focused and prioritised for nationally important projects, key infrastructure works and projects with significant spillover effects that can generate long-term growth and promote balanced regional development.
