Ngày đăng: 21/04/2017
ODA policy hurts VN: Japanese official Back

ODA policy hurts VN: Japanese official

Stringent regulations regarding foreign loans are stopping lending organisations carrying out projects in Viet Nam effectively, said Chief Representative of Japan International Co-operation Agency (JICA) Viet Nam Office Fujita Yasuo on Thursday.

The introduction of an annual quota on official development assistance (ODA) funding last year as part of the Vietnamese Government’s efforts to keep public debt under control resulted in a stall in money disbursement to pay several contractors on JICA projects, Fujita said during a press conference on JICA’s activities in the fiscal year of 2016 and 2017.

Contractors were owed up 10 billion yen (US$91.6 million), of which a major part was from the ongoing Ho Chi Minh City Urban Railway project, said Yasuo.

“Failures in paying the contractors and hence the workers stopped the money flow in the society which was a real pity,” Fujita said.

“It is also not beneficial for Viet Nam when it wants to call for capital or issuing bonds as its credibility is already tainted.”

Fears over increasingly high public debt, which stood at 64.7 per cent of GDP in 2016, nearing the red line of 65 per cent, prompted the Government to tighten controls on foreign loans.

A governmental decree went into effect in May last year – Decree 16 on the management and use of ODA funding – making the approval of an ODA project more complicated, which has prolonged time spent on the projects, said Yasuo.

“We know that this is a common problem of other lenders like the World Bank or the Asian Development Bank,” he said.

“We will work with loan providers to ask the Government to fix the issue.”

In the fiscal year 2016 starting from April 2016 to March 2017, Japan pledged to provide Viet Nam 187 billion yen ($1.7 billion) and managed to disburse 175.6 billion yen ($1.6 billion). The disbursement amount was the second highest that Viet Nam received from Japan over the last seven years.

Japan planned to provide Viet Nam 130 billion yen ($1.19 billion) this year for five big projects, one of which is to strengthen the country’s maritime security.

“However, the funding depends on many factors, like Viet Nam’s actual demand considering the public debt context,” Fujita said.

Ha Noi urban railways

JICA is stepping up its efforts to resume the two urban railway projects in Ha Noi that have been up in the air for four years.

Out of the nine railway lines planned in the capital, railway Route 1 and Route 2 will be funded by Japan’s ODA.

Route 1 will run from Thanh Tri District’s Ngoc Hoi to Yen Vien in Gia Lam District while Route 2 will connect Noi Bai international airport and the Thuong Dinh area in Thanh Xuan District

The delays were Viet Nam’s fault, Fujita said, adding that it took up to four years for authorities to finalise the total investment amount.

“We are working with the authorities in order to start the bidding round as soon as this year,” he said.


+0.38 (+0.05%)
+0.11 (+0.13%)
+0 (+0.00%)
Kính chào Quý khách hàng,

Cảm ơn Quý khách hàng đã tin tưởng và sử dụng dịch vụ của PHS trong thời gian qua.

Nhằm nâng cao chất lượng dịch vụ, kể từ ngày 17/04/2017 PHS triển khai bảng giá mới với sự thay đổi toàn bộ về giao diện và tăng thêm tiện ích ứng dụng cho khách hàng. Để trải nghiệm bảng giá mới, vui lòng ấn chọn nút “Đồng ý” bên dưới.

Từ ngày 17/04/2017 đến hết ngày 21/04/2017, PHS chạy song song hai bảng giá, nếu Quý khách hàng muốn quay lại giao diện bảng giá cũ vui lòng ấn chọn vào đường dẫn sau tại đây.

Để hiểu thêm các tính năng của bảng giá mới Quý khách hàng vui lòng click vào đường dẫn sau : tại đây

Trân Trọng.
Dear Valued customers,

First of all, we would like to thank you for trusting and using our service during the past.

With the aim to improve customer service quality, from April 17th 2017, PHS will launch a new price board with a complete change of interface and advanced utilities for customers. To experience the new price board, please click on the "Accept" button as below.

From April 17th to April 21st 2017, PHS will run two versions of price board in parallel. If you want to return to the old price board, please click on the following link here

For more information about upgraded utilities of our new price board, please click on the link : here




從2017年4月17日至2017年4月21日為止,富鑫證券將同時提供新舊行情報價版本。若您想返回舊行情報價介面請點擊 :此連結。

欲瞭解更多新行情報價的功能請點擊 : 此連結 。

Chỉ số thế giới
Chỉ số Giá Thay đổi
Dow Jones 20,981.3 +6.2 (+0.0%)
S&P500 2,388.8 +1.3 (+0.1%)
FTSE 100 7,237.2 -51.5 (-0.7%)
Hang Seng 24,698.5 0.0 (0.0%)
Nikkei 225 19,229.6 -22.2 (-0.1%)
PHS – Phân tích cuối phiên