According to Nguyen Duc Hai, Chairman of the National Assembly's (NA) Finance and Budget Committee, this year, Vietnam’s total state budget revenues were estimated at VND1,323 trillion (USD57.2 billion), down 12.5% against the initial year target. The fall is attributed to the impact of Covid-19.
Vietnam's ODA disbursement slow in the first nine months of this year.
The pandemic has also affected the pace of many projects in Vietnam, leading to the country’s slow ODA disbursement, Hai added.
He noted that this year was the first time that ministries and agencies paid back ODA. For instance, the Ministry of Agriculture and Rural Development (MARD) returned VND1.8 trillion (USD78-million) in official development assistance because since it “had no further use for it”.
The VND1.8 trillion is from several projects which will be completed by the end of the year and no longer need more capital, said MARD Deputy Minister Nguyen Hoang Hiep.
A report from the Ministry of Finance (MoF) issued by late August said that nine ministries announced a return of up to VND3.7 trillion (USD160 million), equaling 32% of the originally assigned ODA.
The MARD’s proposed repayment accounts for nearly 50% followed by the Ministry of Natural Resources and Environment’s proposal to return VND330 billion (USD14.5 million).
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