This is part of a plan on orientations for attracting, managing, and using ODA and concessional loans from foreign sponsors during the five years. The plan was recently approved by Permanent Deputy Prime Minister Pham Binh Minh.

A view of Ho Chi Minh City.

Accordingly, non-refundable ODA capital is prioritised for implementing socio-economic infrastructure development programmes and projects; enhancing capacity; assisting policy and institutional building and reform; preventing, controlling and mitigating natural disaster risks, and adapting to climate change; ensuring social welfare; preparing for investment projects or co-funding projects that use foreign concessional loans.

ODA capital will be prioritised for programmes and projects on health care, education, vocational training, climate change adaptation, environmental protection, and building essential economic infrastructure facilities unable to directly recover capital.

Besides, the plan gives priority to spending foreign ODA capital and concessional loans on infrastructure improvement projects to help disadvantaged regions and localities develop their economy, and in regions and localities facing difficulties in mobilising domestic funding; as well as on projects dealing with pressing issues during the rapid urbanisation.

Foreign concessional loans will also prioritised for projects boosting connectivity among regions and provinces in the Northwestern, Central Highlands, and Mekong Delta regions so that they can develop faster, according to the plan.

Investment policy approved to construct infrastructure and do business in Tan Hung industrial park

(BGO) – On November 23, the Prime Minister (PM) issued Decision No.1971/QD-TTg about the investment policy for the project to construct the infrastructure and do business at Tan Hung industrial park (Project) in Lang Giang district, Bac Giang province.

Expanding investment attraction and international integration through diplomatic channel

(BGO)- A teleconference between newly appointed Ambassadors, Consuls General and Head of Vietnamese diplomatic representative agencies in 28 countries and territories and representatives of 22 Northern provinces was held on November 23 by the Ministry of Foreign Affairs (MOFA). Deputy Minister Nguyen Quoc Dung hosted the conference. Permanent Vice Chairman of the provincial People’s Committee (PPC) chaired the conference place in Bac Giang.

Bac Giang creates industrial land funds to attract investment

(BGO) – Amid significant impacts of the Covid-19 epidemic, Bac Giang has still emerged as a bright spot in terms of investment attraction. The province ranks 10th in the country in luring foreign direct investment (FDI) with more than 1 billion USD. Therefore, the province’s industrial real estate segment is seeing great development opportunities as it is assessed as potential and attractive to investors.

Vietnam calls for foreign investment in 157 projects in 2021-2025 period

Vietnam has made a list of 157 national projects in various sectors that require foreign investment of about US$71.4 billion in the 2021-2025 period, according to a decision signed by Permanent Deputy Prime Minister Pham Binh Minh.

Bac Giang attracts nearly 1.1 billion USD of investment

(BGO) – Till the middle of November, Bac Giang province attracted 1,093.45 million USD of investment capital, representing 88.36 percent year on year (excluding the urban area and housing projects).

Source: NDO