International Journal of Foreign Trade and International Business
2020, Vol. 2, Issue 1, Part B
Attracting ODA investment in Binh Duong province of Vietnam. Current situation and solutions
Dr. Nguyen Hoang Tien
In recent years, ODA capital is no stranger to developing countries, including Vietnam. In the Party's and State's socio-economic development guidelines, Official Development Assistance (ODA) official development assistance (ODA) is one of the important foreign capital sources. However, ODA cannot replace domestic capital but only a "catalyst" that facilitates the maximum and effective exploitation for the use of capital in industrialization and modernization of the country. It can be seen that Vietnam is receiving a lot of ODA from many countries around the world, including refundable ODA and non-refundable ODA. Binh Duong is also one of the hot spots of ODA since the ability to attract capital from many foreign investors is not small. Since its inception, aid has always contained two goals that coexist in parallel. The first goal is to promote sustainable growth and reduce poverty in developing countries. The second goal is to strengthen the political status of donor countries. Developed countries use ODA as a political tool: to determine their position and influence in the countries and regions where ODA is received. Therefore, please receive ODA wisely and civilly.