International Journal of Foreign Trade and International Business
2020, Vol. 2, Issue 1, Part A
Solutions to attract ODA investment into the southeastern economic region of Vietnam
Dr Nguyen Hoang Tien
At persent, while accumulated capital of the Vietnamese economy is still low, the issue of mobilizing foreign investment capital including Foreign Direct Investment (FDI) and indirect investment is very important. Of many indirect inflows of foreign investment, the Offcial Development Assistance (ODA) is a crucial fund that meets current high demands of capital for national development. ODA has been contributing significantly to the solid growth of our economy so far. Consequently, it is affirmed by the Communist Party of Vietnam that "while domestic sources of capital are pivotal to the nation's economy, the infusion of foreign investment also plays a vital role. However, there have been many problems in the mobilization, management and spending of the ODA,which bring about ineffectiveness. This artcle, therefore, aims at making an overall analysis and evaluation on recent mobilization and expenditure of the ODA in Vietnam and providing solutions to its future outcome improvement, creating arobust and sostainable development for Vietnamese economy.