Oda in Vietnam
TABLE OF CONTENT
CHAPTER I: INTRODUCTION 2
1.1. ODA definition 2
1.2. Types of ODA 2
CHAPTER II: ROLES OF ODA IN VIETNAM 3
2.1. ODA is an important additional source of investment capital for social and economic development 3
2.2. ODA assists Vietnam in enhancing the grasp of modern technological achievements and the development of human resource management 9
2.3. ODA helps to adjust the economic and social structure 12
2.4. ODA contributes to FDI mobilization and the expansion of investment and development 17
CHAPTER III: RECOMMENDATIONS 19
3.1. Effectiveness of Utilizing ODA in Vietnam 19
3.2. Recommendations on mobilization, expansion and management of ODA 20
CHAPTER I: INTRODUCTION
1 ODA definition
ODA stands for Official Development Assistance, according to OECD (Organization for Economic Co-operation and Development), ODA is “Flows of official financing administered with the promotion of the economic development and welfare of developing countries as the main objective, and which are concessional in character with a grant element of at least 25 percent (using a fixed 10 percent rate of discount). By convention, ODA flows comprise contributions of donor government agencies, at all levels, to developing countries (“bilateral ODA”) and to multilateral institutions. ODA receipts comprise disbursements by bilateral donors and multilateral institutions.”
2 Types of ODA
➢ Grant Aid: Often given to poor countries. Grant aid is primarily channeled to support basic human needs (medical services, public health, water supply).
➢ Technical Cooperation: Technical cooperation is targeted toward development of the human resources necessary for the economic progress of developing countries. It includes: (1) the dispatch of experts; (2) the acceptance of trainees; (3) the provision of equipment and materials to facilitate technology transfer.
➢ ODA Loans:
CHAPTER I: INTRODUCTION 2
1.1. ODA definition 2
1.2. Types of ODA 2
CHAPTER II: ROLES OF ODA IN VIETNAM 3
2.1. ODA is an important additional source of investment capital for social and economic development 3
2.2. ODA assists Vietnam in enhancing the grasp of modern technological achievements and the development of human resource management 9
2.3. ODA helps to adjust the economic and social structure 12
2.4. ODA contributes to FDI mobilization and the expansion of investment and development 17
CHAPTER III: RECOMMENDATIONS 19
3.1. Effectiveness of Utilizing ODA in Vietnam 19
3.2. Recommendations on mobilization, expansion and management of ODA 20
CHAPTER I: INTRODUCTION
1 ODA definition
ODA stands for Official Development Assistance, according to OECD (Organization for Economic Co-operation and Development), ODA is “Flows of official financing administered with the promotion of the economic development and welfare of developing countries as the main objective, and which are concessional in character with a grant element of at least 25 percent (using a fixed 10 percent rate of discount). By convention, ODA flows comprise contributions of donor government agencies, at all levels, to developing countries (“bilateral ODA”) and to multilateral institutions. ODA receipts comprise disbursements by bilateral donors and multilateral institutions.”
2 Types of ODA
➢ Grant Aid: Often given to poor countries. Grant aid is primarily channeled to support basic human needs (medical services, public health, water supply).
➢ Technical Cooperation: Technical cooperation is targeted toward development of the human resources necessary for the economic progress of developing countries. It includes: (1) the dispatch of experts; (2) the acceptance of trainees; (3) the provision of equipment and materials to facilitate technology transfer.
➢ ODA Loans:
References: