International Journal of Foreign Trade and International Business
2020, Vol. 2, Issue 1, Part B
Contribution of ODA to the Vietnam's economic growth
Dr. Nguyen Hoang Tien
Over the past 25 years, Vietnam has attracted, lobbied and effectively used official development assistance (ODA) capital quite effectively, contributing to the increasing economic growth. Particularly, 2017 ended quite impressively by the achievements of the whole period of 2011-2017. Regarding socio-economy, for the first time in many years, we have completed and exceeded all 13 planned targets. Regarding economic growth, GDP reached 6.81%, exceeding the set plan, which is high compared to other countries in the region and the world. The article will provide evidence and data related to the contribution to Vietnam's economic growth from ODA. Based on the results that we have achieved and taking advantage of the advantages available at home and abroad to be ready to cope with ongoing challenges, specific solutions are required to achieve highly effective and sustainable growth.