Cases of Priority Use of ODA Funds and Concessional Foreign Loans

09:12, 10/07/2024

Decree 56/2020/ND-CP on the management and use of official development assistance (ODA) and concessional loans from foreign donors was issued on May 25, 2020.

The prioritization of the use of ODA funds and concessional loans from foreign sponsors is regulated as follows:

- Non-refundable ODA funds are prioritized for the implementation of programs and projects for the development of socio-economic infrastructure; capacity building; support for policy formulation, institutional reform, and reform; disaster risk prevention, mitigation, and adaptation to climate change, etc.;- ODA funds are prioritized for programs and projects in the fields of healthcare, education, vocational training, adaptation to climate change, environmental protection, and essential economic infrastructure without the potential for direct capital recovery;- Concessional loans are prioritized for programs and projects that involve borrowing for on-lending purposes in accordance with legal regulations on on-lending of ODA loans and concessional loans from foreign sponsors of the Government of Vietnam, etc.;- …

More details can be found in: Decree 56/2020/ND-CP effective from May 25, 2020.

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