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HỌC VIỆN CHÍNH SÁCH VÀ PHÁT TRIỂN VIỆN ĐÀO TẠO QUỐC TẾ SENIOR THESIS THE IMPACT OF OFFICIAL DEVELOPMENT ASSISTANCE ON VIETNAM’S ECONOMIC GROWTH IN THE PERIOD 1993-2020 Supervisor: Mr Dao Hoang Tuan Student: Le Thi Thu Thuy Student ID: 5083106552 Class: KTĐN CLC 8.2 Hanoi, March.2021 Luan van ACKNOWLEDGEMENT A completed study would not be possible without help As a result, the author gratefully acknowledges their assistance and encouragement during the course of conducting this research as a requirement of completing my Bachelor's degree in International Economics First and foremost, I'd like to convey my heartfelt gratitude to advisor, Dr Dao Hoang Tuan Throughout the execution of my thesis, he was a constant source of encouragement and advice His words of encouragement and criticism have really enhanced and improved my work The thesis would have been difficult to complete without his drive and directions My heartfelt gratitude goes out to my parents for their never-ending love, care, and encouragement throughout my life I'd also like to express my gratitude to my siblings, brothers, and sisters for their constant support and care Finally, I want to express my gratitude to all of my friends who helped me during my stay at the Academy of Policy and Development Their kind assistance, concern, and motivation gave me strength and enabled me to overcome all of my difficulties for the rest of my life Student Le Thi Thu Thuy i Luan van CONTENTS ACKNOWLEDGEMENT .i CONTENTS ii LIST OF TABLES, CHARTS, DIAGRAMS .iv LIST OF FIGURE v INTRODUCTION BEGINNINGS Reason for choosing topic 2 Research scope 3 Research goals and tasks Research Methods .3 Theme structure THE BODY OF THE STUDY CHAPTER 1: THEORETICAL BASIS OF OFFICIAL DEVELOPMENT ASSISTANCE 1.1 Overview of ODA capital .5 1.1.1 The definition of ODA capital .5 1.1.2 The origin of ODA 1.1.3 The characteristics of ODA capital .6 1.1.4 The classification of ODA capital 1.2 The role of ODA in economic development 11 1.2.1 ODA is an important source of additional capital for development investment 12 1.2.2 Access to advanced scientific and technological achievements and human resource development (technology spill-over) 12 1.2.3 ODA is playing an important role in improving socio-economic indicators 13 1.2.4 ODA helps contract other sources of international investment 14 1.3 International best practice 17 CHAPTER 2: THE SITUATION OF ODA ATTRACTION AND USE AND ITS IMPACTS ON THE VIETNAMESE ECONOMY 23 2.1 The overview of Vietnam's economic development and the influence of ODA on that development 23 ii Luan van 2.2 The status of ODA capital mobilization 26 2.2.1 Vietnam's regulations on management of capital attraction and use .26 2.2.2 The process of managing and utilizing ODA 30 2.2.3 The priority areas and donors of funding for Vietnam 34 2.2.4 The current situation of ODA capital mobilization 36 2.3 The current status of capital management and use 37 2.3.1 The situation of capital management and use in the period 1993 -2020 37 2.3.2 Empirical evidence of impact of ODA on economic growth in Vietnam 42 2.4 Some basic successes, reasons for limitations in management and use of capital 51 2.4.1 Basic successes in management and use of ODA 51 2.4.2 Reasons for the limitation 52 CHAPTER 3: SOLUTIONS TO IMPROVE THE EFFICIENCY OF CAPITAL USE IN VIETNAM 54 3.1 The environment in which ODA is attracted to and used 54 3.1.1 In the world 54 3.1.2 In Vietnam 57 3.2 Solutions to improve the efficiency of capital use in Vietnam 59 3.2.1 Improve the legal environment 59 3.2.2 Perfection of the right management method and model; tight project management to prevent loss and waste 61 3.2.3 Carefully prepare, detail the project preparation stages to ensure convenience during the implementation of infrastructure projects 61 3.2.4 Training, fostering and improving management and professional skills for staff working on projects 62 3.2.5 Improve the implementation of programs and projects, promote disbursement 63 3.2.6 Strengthening the monitoring, supervision and evaluation work 63 THE CONCLUSION 64 REFERRENCES 65 iii Luan van LIST OF TABLES Table Official foreign support for Korea (Unit: billions of dollars at current prices) .18 Table The ODA’s effectiveness in Korea's development period 19 Table Distribution of Korean grants (1945-1961) .20 Table 4: Situation of public debt and ODA debt of Vietnam in the period 2002-2006 .43 iv Luan van (Luan.van.tot.nghiep).the.impacts.of.official.development.assistance.on.vietnams.economic.growth.from.1993.to.2020(Luan.van.tot.nghiep).the.impacts.of.official.development.assistance.on.vietnams.economic.growth.from.1993.to.2020(Luan.van.tot.nghiep).the.impacts.of.official.development.assistance.on.vietnams.economic.growth.from.1993.to.2020(Luan.van.tot.nghiep).the.impacts.of.official.development.assistance.on.vietnams.economic.growth.from.1993.to.2020(Luan.van.tot.nghiep).the.impacts.of.official.development.assistance.on.vietnams.economic.growth.from.1993.to.2020(Luan.van.tot.nghiep).the.impacts.of.official.development.assistance.on.vietnams.economic.growth.from.1993.to.2020(Luan.van.tot.nghiep).the.impacts.of.official.development.assistance.on.vietnams.economic.growth.from.1993.to.2020(Luan.van.tot.nghiep).the.impacts.of.official.development.assistance.on.vietnams.economic.growth.from.1993.to.2020 (Luan.van.tot.nghiep).the.impacts.of.official.development.assistance.on.vietnams.economic.growth.from.1993.to.2020(Luan.van.tot.nghiep).the.impacts.of.official.development.assistance.on.vietnams.economic.growth.from.1993.to.2020(Luan.van.tot.nghiep).the.impacts.of.official.development.assistance.on.vietnams.economic.growth.from.1993.to.2020(Luan.van.tot.nghiep).the.impacts.of.official.development.assistance.on.vietnams.economic.growth.from.1993.to.2020(Luan.van.tot.nghiep).the.impacts.of.official.development.assistance.on.vietnams.economic.growth.from.1993.to.2020(Luan.van.tot.nghiep).the.impacts.of.official.development.assistance.on.vietnams.economic.growth.from.1993.to.2020(Luan.van.tot.nghiep).the.impacts.of.official.development.assistance.on.vietnams.economic.growth.from.1993.to.2020(Luan.van.tot.nghiep).the.impacts.of.official.development.assistance.on.vietnams.economic.growth.from.1993.to.2020 LIST OF FIGURE Figure The ODA allocation ratio for fields from 2006 to 2010 29 Figure The percentage of ODA allocated by sector in the period 2011 - 2015 35 Figure The proportions of ODA loans in ODA capital from 1993 - 2012 36 Figure The ODA signed and disbursed from 2011 to 2015 37 Figure The ODA commitment, signed ODA and ODA disbursement in 1993 -2012 .38 Figure The total ODA and Official Aid in Vietnam from 2000- 2017 .39 Figure The net official development assistance from 1960 to 2014 55 Figure Top 10 recipients of ODA from DAC countries in the period 2009- 2018 56 v Luan van (Luan.van.tot.nghiep).the.impacts.of.official.development.assistance.on.vietnams.economic.growth.from.1993.to.2020(Luan.van.tot.nghiep).the.impacts.of.official.development.assistance.on.vietnams.economic.growth.from.1993.to.2020(Luan.van.tot.nghiep).the.impacts.of.official.development.assistance.on.vietnams.economic.growth.from.1993.to.2020(Luan.van.tot.nghiep).the.impacts.of.official.development.assistance.on.vietnams.economic.growth.from.1993.to.2020(Luan.van.tot.nghiep).the.impacts.of.official.development.assistance.on.vietnams.economic.growth.from.1993.to.2020(Luan.van.tot.nghiep).the.impacts.of.official.development.assistance.on.vietnams.economic.growth.from.1993.to.2020(Luan.van.tot.nghiep).the.impacts.of.official.development.assistance.on.vietnams.economic.growth.from.1993.to.2020(Luan.van.tot.nghiep).the.impacts.of.official.development.assistance.on.vietnams.economic.growth.from.1993.to.2020 (Luan.van.tot.nghiep).the.impacts.of.official.development.assistance.on.vietnams.economic.growth.from.1993.to.2020(Luan.van.tot.nghiep).the.impacts.of.official.development.assistance.on.vietnams.economic.growth.from.1993.to.2020(Luan.van.tot.nghiep).the.impacts.of.official.development.assistance.on.vietnams.economic.growth.from.1993.to.2020(Luan.van.tot.nghiep).the.impacts.of.official.development.assistance.on.vietnams.economic.growth.from.1993.to.2020(Luan.van.tot.nghiep).the.impacts.of.official.development.assistance.on.vietnams.economic.growth.from.1993.to.2020(Luan.van.tot.nghiep).the.impacts.of.official.development.assistance.on.vietnams.economic.growth.from.1993.to.2020(Luan.van.tot.nghiep).the.impacts.of.official.development.assistance.on.vietnams.economic.growth.from.1993.to.2020(Luan.van.tot.nghiep).the.impacts.of.official.development.assistance.on.vietnams.economic.growth.from.1993.to.2020 INTRODUCTION Globalization now needs each country to be proactive in international integration, in order to promote its available potentials and make the most of external resources, in line with the general trend of the world economy International cash flows, particularly ODA, appear to aid developing countries ODA, in particular, is a critical role in determining developing countries' economic growth After more than 30 years of rehabilitation, Vietnam has made significant progress in the socioeconomic development process With the given Vietnam's low degree of economic development and limited ability to amass capital outside of domestic capital, official development assistance (ODA) has laid the groundwork for the country to attract foreign resources Donors have given Vietnam with a significant source of financing throughout the last 20 years, assisting with economic reform and international integration Vietnam currently has over 50 active international and bilateral donors who give ODA and concessional loans to the country's main socioeconomic sectors and fields For many years, this has been a reliable source of foreign currency, helping to improve the balance of international payments, increase foreign exchange reserves, and stabilize the exchange rate Unfortunately, there are other fundamental restrictions to attracting and using ODA funds, such as not maximizing capital sources, a delayed payment process that causes business disruption, and so on The aforementioned flaws have a substantial impact on the country's economic development Recognizing the importance of ODA, I undertook the project "The impact of ODA on Vietnam's Economic Growth in the Period 1993-2020" to research and learn more about the current state of management activities and ODA capital use, evaluate the results achieved and limitations of ODA capital, analyze the impacts of this activity on Vietnam's socio-economic recommendations Luan van development, and make (Luan.van.tot.nghiep).the.impacts.of.official.development.assistance.on.vietnams.economic.growth.from.1993.to.2020(Luan.van.tot.nghiep).the.impacts.of.official.development.assistance.on.vietnams.economic.growth.from.1993.to.2020(Luan.van.tot.nghiep).the.impacts.of.official.development.assistance.on.vietnams.economic.growth.from.1993.to.2020(Luan.van.tot.nghiep).the.impacts.of.official.development.assistance.on.vietnams.economic.growth.from.1993.to.2020(Luan.van.tot.nghiep).the.impacts.of.official.development.assistance.on.vietnams.economic.growth.from.1993.to.2020(Luan.van.tot.nghiep).the.impacts.of.official.development.assistance.on.vietnams.economic.growth.from.1993.to.2020(Luan.van.tot.nghiep).the.impacts.of.official.development.assistance.on.vietnams.economic.growth.from.1993.to.2020(Luan.van.tot.nghiep).the.impacts.of.official.development.assistance.on.vietnams.economic.growth.from.1993.to.2020 (Luan.van.tot.nghiep).the.impacts.of.official.development.assistance.on.vietnams.economic.growth.from.1993.to.2020(Luan.van.tot.nghiep).the.impacts.of.official.development.assistance.on.vietnams.economic.growth.from.1993.to.2020(Luan.van.tot.nghiep).the.impacts.of.official.development.assistance.on.vietnams.economic.growth.from.1993.to.2020(Luan.van.tot.nghiep).the.impacts.of.official.development.assistance.on.vietnams.economic.growth.from.1993.to.2020(Luan.van.tot.nghiep).the.impacts.of.official.development.assistance.on.vietnams.economic.growth.from.1993.to.2020(Luan.van.tot.nghiep).the.impacts.of.official.development.assistance.on.vietnams.economic.growth.from.1993.to.2020(Luan.van.tot.nghiep).the.impacts.of.official.development.assistance.on.vietnams.economic.growth.from.1993.to.2020(Luan.van.tot.nghiep).the.impacts.of.official.development.assistance.on.vietnams.economic.growth.from.1993.to.2020 degree of disbursement across years relative to the level of commitment is still inconsistent First, especially in the case of Vietnam, ODA is not a long-term source of concessional capital Vietnam has only a few years left to apply for IDA preferential loans As a result, Vietnam must wisely allocate ODA to assist socio-economic development, hunger alleviation, and poverty reduction The fact that ODA donors will gradually modify aid sources, relinquishing capital to poorer countries as Vietnam becomes more prosperous It is a difficulty for the transport industry in a low-middle-income country when the budget is still tight and private sector investment resources are restricted Second, as a middle-income country, Vietnam's ODA capital is primarily ODA with less favorable terms, and it is gradually heading toward market terms Currently, the debt load imposed by ODA is becoming increasingly enormous, accounting for roughly a quarter of the total dispersed ODA capital, because this source of money typically comes with donor limits and produces a debt burden subsequently Third, ODA in the sphere of social and economic infrastructure construction has played a vital role in assisting Vietnam in meeting the Millennium Development Goals by 2015, but it is also a source of ODA debt Because ODA in essential areas like as transportation and energy accounts for more than 95 percent of ODA loans, and projects in these two industries are typically implemented over a lengthy period of time with progress, for Vietnam Because of the slow pace, there are numerous projects with capital, making repayment of ODA loans problematic 3.2 Solutions to improve the efficiency of capital use in Vietnam 3.2.1 Improve the legal environment To get across the decentralization of ODA capital management in more detail: clearly define the responsibilities and powers of the management levels, the Government, the Prime Minister, and the localities; clearly define the responsibilities and powers of the project management units, especially specifying the degree of independence of project management as well as their dependence on the governing body; clearly define the responsibilities and powers of the project 59 Luan van (Luan.van.tot.nghiep).the.impacts.of.official.development.assistance.on.vietnams.economic.growth.from.1993.to.2020(Luan.van.tot.nghiep).the.impacts.of.official.development.assistance.on.vietnams.economic.growth.from.1993.to.2020(Luan.van.tot.nghiep).the.impacts.of.official.development.assistance.on.vietnams.economic.growth.from.1993.to.2020(Luan.van.tot.nghiep).the.impacts.of.official.development.assistance.on.vietnams.economic.growth.from.1993.to.2020(Luan.van.tot.nghiep).the.impacts.of.official.development.assistance.on.vietnams.economic.growth.from.1993.to.2020(Luan.van.tot.nghiep).the.impacts.of.official.development.assistance.on.vietnams.economic.growth.from.1993.to.2020(Luan.van.tot.nghiep).the.impacts.of.official.development.assistance.on.vietnams.economic.growth.from.1993.to.2020(Luan.van.tot.nghiep).the.impacts.of.official.development.assistance.on.vietnams.economic.growth.from.1993.to.2020 (Luan.van.tot.nghiep).the.impacts.of.official.development.assistance.on.vietnams.economic.growth.from.1993.to.2020(Luan.van.tot.nghiep).the.impacts.of.official.development.assistance.on.vietnams.economic.growth.from.1993.to.2020(Luan.van.tot.nghiep).the.impacts.of.official.development.assistance.on.vietnams.economic.growth.from.1993.to.2020(Luan.van.tot.nghiep).the.impacts.of.official.development.assistance.on.vietnams.economic.growth.from.1993.to.2020(Luan.van.tot.nghiep).the.impacts.of.official.development.assistance.on.vietnams.economic.growth.from.1993.to.2020(Luan.van.tot.nghiep).the.impacts.of.official.development.assistance.on.vietnams.economic.growth.from.1993.to.2020(Luan.van.tot.nghiep).the.impacts.of.official.development.assistance.on.vietnams.economic.growth.from.1993.to.2020(Luan.van.tot.nghiep).the.impacts.of.official.development.assistance.on.vietnams.economic.growth.from.1993.to.2020 management units, especially specifying the degree of independence of project management as well as their dependence on the governing body Optimizing the effectiveness of project oversight, monitoring, and evaluation: Periodical reporting and project completion reports are strictly enforced, and ODA projects are audited in conformity with existing Vietnamese rules Donors and males Harmonize the project monitoring, monitoring, and evaluation reporting systems across funders, as well as between donors and the Vietnamese government Creating a system of reporting forms for each field's project monitoring, monitoring, and evaluation Encourage community supervision and expand it Budget management, reciprocal capital, and on-lending mechanism (interest rates, loan repayment, and repayment duration), capital withdrawal processes, taxes for ODA projects, and so on are the key contents of the management of the domestic financial mechanism for ODA projects Even if it is a non-refundable ODA project, this approach must be clearly described so that project owners can actively calculate the effectiveness of the financial results of the project In terms of capital allocation mechanisms, there is more flexibility in allocating ODA compared to domestic sources, allowing governing ministries and municipalities to transfer funds between projects within their management jurisdiction and notify finance and treasury authorities for funding on time A reserve fund devoted to ODA projects should be established in the state budget and utilized to augment the reciprocal capital plan for projects that begin after the planning period or for projects that lack capital There is insufficient reciprocal capital to pay taxes, maintain towns, and so on Each ODA's capital should be allocated to the relevant place Capital should be allocated to the correct address of each specific ODA program or project, not arbitrarily allocated for other purposes Simplify dossiers to attract capital: simplification is advocated in the direction of removing unneeded and unjustified dossier components to make administrative procedures easier for businesses and minimize implementation costs As a result, with the proper policy orientations, the compliance of ODA management and usage principles, as well as the improvement of the legal system, the synchronized implementation of solutions, and the attraction and management of ODA capital 60 Luan van (Luan.van.tot.nghiep).the.impacts.of.official.development.assistance.on.vietnams.economic.growth.from.1993.to.2020(Luan.van.tot.nghiep).the.impacts.of.official.development.assistance.on.vietnams.economic.growth.from.1993.to.2020(Luan.van.tot.nghiep).the.impacts.of.official.development.assistance.on.vietnams.economic.growth.from.1993.to.2020(Luan.van.tot.nghiep).the.impacts.of.official.development.assistance.on.vietnams.economic.growth.from.1993.to.2020(Luan.van.tot.nghiep).the.impacts.of.official.development.assistance.on.vietnams.economic.growth.from.1993.to.2020(Luan.van.tot.nghiep).the.impacts.of.official.development.assistance.on.vietnams.economic.growth.from.1993.to.2020(Luan.van.tot.nghiep).the.impacts.of.official.development.assistance.on.vietnams.economic.growth.from.1993.to.2020(Luan.van.tot.nghiep).the.impacts.of.official.development.assistance.on.vietnams.economic.growth.from.1993.to.2020 (Luan.van.tot.nghiep).the.impacts.of.official.development.assistance.on.vietnams.economic.growth.from.1993.to.2020(Luan.van.tot.nghiep).the.impacts.of.official.development.assistance.on.vietnams.economic.growth.from.1993.to.2020(Luan.van.tot.nghiep).the.impacts.of.official.development.assistance.on.vietnams.economic.growth.from.1993.to.2020(Luan.van.tot.nghiep).the.impacts.of.official.development.assistance.on.vietnams.economic.growth.from.1993.to.2020(Luan.van.tot.nghiep).the.impacts.of.official.development.assistance.on.vietnams.economic.growth.from.1993.to.2020(Luan.van.tot.nghiep).the.impacts.of.official.development.assistance.on.vietnams.economic.growth.from.1993.to.2020(Luan.van.tot.nghiep).the.impacts.of.official.development.assistance.on.vietnams.economic.growth.from.1993.to.2020(Luan.van.tot.nghiep).the.impacts.of.official.development.assistance.on.vietnams.economic.growth.from.1993.to.2020 The use of ODA capital will be more efficient, resulting in significant advantages to the country's economic and social growth 3.2.2 Perfection of the right management method and model; tight project management to prevent loss and waste The management mechanism must be improved in the following directions: To begin, establish a management mechanism in which the project management board is responsible for the entire project, from planning to implementation, acceptance, and operation in front of the investor and target audience Beneficiaries Define the legitimacy of project management in terms of assuring professionalism, increasing transparency, reducing closeness, and increasing self-responsibility Second, as the State's legal agent in the use of capital, the investor must accept explicit responsibility for his or her work in terms of advancement and quality before the State At the same time, clearly identify the decision-makers' roles As a result, the investor is forced to select a project management board of true quality that meets the job's needs, avoiding a closed scenario in capital construction investment management Third, establish tight project management board working regulations, a salary policy, and a clear and open operating budget At the same time, there is a stringent reward and punishment system: the investor has a reward system when the work is not lost, satisfies the quality requirements, and is completed on time If civil workers or officials of the project management board make mistakes, they will be harshly penalized through inspection and examination, and the leader will be held jointly liable 3.2.3 Carefully prepare, detail the project preparation stages to ensure convenience during the implementation of infrastructure projects In order to assure the project's implementation progress as well as its socioeconomic efficiency, more attention should be devoted to the project's planning and preparation in the future, with a greater emphasis on the following aspects: 61 Luan van (Luan.van.tot.nghiep).the.impacts.of.official.development.assistance.on.vietnams.economic.growth.from.1993.to.2020(Luan.van.tot.nghiep).the.impacts.of.official.development.assistance.on.vietnams.economic.growth.from.1993.to.2020(Luan.van.tot.nghiep).the.impacts.of.official.development.assistance.on.vietnams.economic.growth.from.1993.to.2020(Luan.van.tot.nghiep).the.impacts.of.official.development.assistance.on.vietnams.economic.growth.from.1993.to.2020(Luan.van.tot.nghiep).the.impacts.of.official.development.assistance.on.vietnams.economic.growth.from.1993.to.2020(Luan.van.tot.nghiep).the.impacts.of.official.development.assistance.on.vietnams.economic.growth.from.1993.to.2020(Luan.van.tot.nghiep).the.impacts.of.official.development.assistance.on.vietnams.economic.growth.from.1993.to.2020(Luan.van.tot.nghiep).the.impacts.of.official.development.assistance.on.vietnams.economic.growth.from.1993.to.2020 (Luan.van.tot.nghiep).the.impacts.of.official.development.assistance.on.vietnams.economic.growth.from.1993.to.2020(Luan.van.tot.nghiep).the.impacts.of.official.development.assistance.on.vietnams.economic.growth.from.1993.to.2020(Luan.van.tot.nghiep).the.impacts.of.official.development.assistance.on.vietnams.economic.growth.from.1993.to.2020(Luan.van.tot.nghiep).the.impacts.of.official.development.assistance.on.vietnams.economic.growth.from.1993.to.2020(Luan.van.tot.nghiep).the.impacts.of.official.development.assistance.on.vietnams.economic.growth.from.1993.to.2020(Luan.van.tot.nghiep).the.impacts.of.official.development.assistance.on.vietnams.economic.growth.from.1993.to.2020(Luan.van.tot.nghiep).the.impacts.of.official.development.assistance.on.vietnams.economic.growth.from.1993.to.2020(Luan.van.tot.nghiep).the.impacts.of.official.development.assistance.on.vietnams.economic.growth.from.1993.to.2020 For starters, one of the early-stage challenges to project planning is improper money allocation As a result, a sufficient budget must be prepared to assure the effectiveness of this task Second, there must be a plan in place to address the relocation issue from the start of the project The stage of site clearance and resettlement causes the majority of the delays in infrastructure development projects People in the cleared region must have their legitimate interests considered, not just in terms of resettlement, but also in terms of employment creation for those who have lost their arable land, homes, and business locations Finally, when it comes to project preparation, there should be more coordination with donors Because the donor's project preparation procedure differs much from that of the Vietnamese government, harmonization must be achieved to lessen the government's burden Under the persistent direction of the government, the parties have shared information, consultation with partner agencies, proactive and aggressive cooperation between donors and the government, as well as industrial development strategies Decisions made by the government are crucial 3.2.4 Training, fostering and improving management and professional skills for staff working on projects An essential component in being able to efficiently deploy ODA in Vietnam is the degree of human resources in various linked sectors such as design, engineering, management, and operations As a result, for ODA investment, additional focus should be directed to human resource training Nominate professionals in critical research fields such as information technology, environmental management, and plant variety research in agriculture to help increase management efficiency in a variety of industries Domestic university training and overseas training through international cooperation programs, with highly qualified international specialists, to effectively absorb and implement sophisticated and high technology Train qualified workers and effective managers Hire international professionals and engineers to work on ODA projects in Vietnam so that they can gain experience and transmit technology in high-tech projects 62 Luan van (Luan.van.tot.nghiep).the.impacts.of.official.development.assistance.on.vietnams.economic.growth.from.1993.to.2020(Luan.van.tot.nghiep).the.impacts.of.official.development.assistance.on.vietnams.economic.growth.from.1993.to.2020(Luan.van.tot.nghiep).the.impacts.of.official.development.assistance.on.vietnams.economic.growth.from.1993.to.2020(Luan.van.tot.nghiep).the.impacts.of.official.development.assistance.on.vietnams.economic.growth.from.1993.to.2020(Luan.van.tot.nghiep).the.impacts.of.official.development.assistance.on.vietnams.economic.growth.from.1993.to.2020(Luan.van.tot.nghiep).the.impacts.of.official.development.assistance.on.vietnams.economic.growth.from.1993.to.2020(Luan.van.tot.nghiep).the.impacts.of.official.development.assistance.on.vietnams.economic.growth.from.1993.to.2020(Luan.van.tot.nghiep).the.impacts.of.official.development.assistance.on.vietnams.economic.growth.from.1993.to.2020 (Luan.van.tot.nghiep).the.impacts.of.official.development.assistance.on.vietnams.economic.growth.from.1993.to.2020(Luan.van.tot.nghiep).the.impacts.of.official.development.assistance.on.vietnams.economic.growth.from.1993.to.2020(Luan.van.tot.nghiep).the.impacts.of.official.development.assistance.on.vietnams.economic.growth.from.1993.to.2020(Luan.van.tot.nghiep).the.impacts.of.official.development.assistance.on.vietnams.economic.growth.from.1993.to.2020(Luan.van.tot.nghiep).the.impacts.of.official.development.assistance.on.vietnams.economic.growth.from.1993.to.2020(Luan.van.tot.nghiep).the.impacts.of.official.development.assistance.on.vietnams.economic.growth.from.1993.to.2020(Luan.van.tot.nghiep).the.impacts.of.official.development.assistance.on.vietnams.economic.growth.from.1993.to.2020(Luan.van.tot.nghiep).the.impacts.of.official.development.assistance.on.vietnams.economic.growth.from.1993.to.2020 Appropriate government policies address the relationship between training, employment, and compensation, as well as the relationship between training and future training Having measures in place to recruit qualified employees and managers, as well as preventing brain drain following training abroad 3.2.5 Improve the implementation of programs and projects, promote disbursement State management agencies in charge of ODA and concessional loans must work closely with governing bodies, project owners, and donors to organize periodic reviews of program preparation, implementation, and projects, as well as propose solutions to speed up the signing process and increase the disbursement rate The governing bodies strengthen project owners' guidance and support in order to quickly resolve ODA and concessional loan program and project obstacles and problems Continue to unify regulations and procedures between the Vietnamese government and donors, including institutionalizing some proactive measures to reduce project start-up and preparation time project as soon as relevant international treaties on ODA and concessional loans take effect, simplifying procedures for supplementing and revising international treaties on ODA and concessional loans during project implementation 3.2.6 Strengthening the monitoring, supervision and evaluation work Completing the management information system and data on ODA and concessional loans, as well as generating national statistical indicators on signed ODA loans of closure and disbursing, would help to improve monitoring, oversight, and evaluation Improve staff capacity, design and implement punishments to guarantee adherence to legislative provisions governing the monitoring, supervision, and evaluation of ODA and concessional loan management Improve community monitoring and oversight by strengthening institutions, establishing a conducive climate, and encouraging community engagement, thereby assuring the effective use of ODA and incentive loans, as well as the prevention of loss, waste, and corruption 63 Luan van (Luan.van.tot.nghiep).the.impacts.of.official.development.assistance.on.vietnams.economic.growth.from.1993.to.2020(Luan.van.tot.nghiep).the.impacts.of.official.development.assistance.on.vietnams.economic.growth.from.1993.to.2020(Luan.van.tot.nghiep).the.impacts.of.official.development.assistance.on.vietnams.economic.growth.from.1993.to.2020(Luan.van.tot.nghiep).the.impacts.of.official.development.assistance.on.vietnams.economic.growth.from.1993.to.2020(Luan.van.tot.nghiep).the.impacts.of.official.development.assistance.on.vietnams.economic.growth.from.1993.to.2020(Luan.van.tot.nghiep).the.impacts.of.official.development.assistance.on.vietnams.economic.growth.from.1993.to.2020(Luan.van.tot.nghiep).the.impacts.of.official.development.assistance.on.vietnams.economic.growth.from.1993.to.2020(Luan.van.tot.nghiep).the.impacts.of.official.development.assistance.on.vietnams.economic.growth.from.1993.to.2020 (Luan.van.tot.nghiep).the.impacts.of.official.development.assistance.on.vietnams.economic.growth.from.1993.to.2020(Luan.van.tot.nghiep).the.impacts.of.official.development.assistance.on.vietnams.economic.growth.from.1993.to.2020(Luan.van.tot.nghiep).the.impacts.of.official.development.assistance.on.vietnams.economic.growth.from.1993.to.2020(Luan.van.tot.nghiep).the.impacts.of.official.development.assistance.on.vietnams.economic.growth.from.1993.to.2020(Luan.van.tot.nghiep).the.impacts.of.official.development.assistance.on.vietnams.economic.growth.from.1993.to.2020(Luan.van.tot.nghiep).the.impacts.of.official.development.assistance.on.vietnams.economic.growth.from.1993.to.2020(Luan.van.tot.nghiep).the.impacts.of.official.development.assistance.on.vietnams.economic.growth.from.1993.to.2020(Luan.van.tot.nghiep).the.impacts.of.official.development.assistance.on.vietnams.economic.growth.from.1993.to.2020 CONCLUSION Once again, ODA has a significant impact and is critical to the socioeconomic development of Vietnam's economy Over the years, ODA has helped to improve infrastructure, restructure the economy, and attract other kinds of aid and investment, all of which have aided the country's economic progress Aside from the accomplishments, there are still restrictions in the use of ODA money in the past, from which to develop solutions to address the deficiencies and attract this capital in the near future When the global trend of ODA aid declines in the next years, ODA mobilization in general will become increasingly difficult to achieve The country's ODA target necessitates the collaboration of all relevant departments and agencies Building on the successes achieved over many years of implementing ODA projects, with a team of dedicated human resources from government agencies, project managers, consultants, and contractors involved in project implementation Projects for domestic and international bidding We expect that Vietnam's economy will expand quicker and stronger in the future years, achieving the established targets and striving for new heights Because of my limited knowledge and time during the study procedure, my thesis research has numerous flaws Looking forward to receiving advice from the teachers as well as my coworkers to help me improve my work 64 Luan van (Luan.van.tot.nghiep).the.impacts.of.official.development.assistance.on.vietnams.economic.growth.from.1993.to.2020(Luan.van.tot.nghiep).the.impacts.of.official.development.assistance.on.vietnams.economic.growth.from.1993.to.2020(Luan.van.tot.nghiep).the.impacts.of.official.development.assistance.on.vietnams.economic.growth.from.1993.to.2020(Luan.van.tot.nghiep).the.impacts.of.official.development.assistance.on.vietnams.economic.growth.from.1993.to.2020(Luan.van.tot.nghiep).the.impacts.of.official.development.assistance.on.vietnams.economic.growth.from.1993.to.2020(Luan.van.tot.nghiep).the.impacts.of.official.development.assistance.on.vietnams.economic.growth.from.1993.to.2020(Luan.van.tot.nghiep).the.impacts.of.official.development.assistance.on.vietnams.economic.growth.from.1993.to.2020(Luan.van.tot.nghiep).the.impacts.of.official.development.assistance.on.vietnams.economic.growth.from.1993.to.2020 (Luan.van.tot.nghiep).the.impacts.of.official.development.assistance.on.vietnams.economic.growth.from.1993.to.2020(Luan.van.tot.nghiep).the.impacts.of.official.development.assistance.on.vietnams.economic.growth.from.1993.to.2020(Luan.van.tot.nghiep).the.impacts.of.official.development.assistance.on.vietnams.economic.growth.from.1993.to.2020(Luan.van.tot.nghiep).the.impacts.of.official.development.assistance.on.vietnams.economic.growth.from.1993.to.2020(Luan.van.tot.nghiep).the.impacts.of.official.development.assistance.on.vietnams.economic.growth.from.1993.to.2020(Luan.van.tot.nghiep).the.impacts.of.official.development.assistance.on.vietnams.economic.growth.from.1993.to.2020(Luan.van.tot.nghiep).the.impacts.of.official.development.assistance.on.vietnams.economic.growth.from.1993.to.2020(Luan.van.tot.nghiep).the.impacts.of.official.development.assistance.on.vietnams.economic.growth.from.1993.to.2020 REFERRENCES Asia Fund 2014, “Appendix – Data on aid flows to some East Asian countries from non-DAC members” AZSA Co., Ltd 2016, “Country Support Assessment Report in Vietnam” Decision No 251 / QD-TTg: Approving the project "Orientation for attracting, managing, and using ODA and concessional loans of foreign donors in the 2016-2020 period." issued on February 17, 2016 Decision No 251 / QD-TTg: Approving the project "Orientation for attracting, managing, and using ODA and concessional loans of foreign donors in the 2016-2020 period." issued on February 17, 2016 Decision No 251 / QD-TTg: Approving the project "Orientation for attracting, managing, and using ODA and concessional loans of foreign donors in the 2016-2020 period." issued on February 17, 2016 Decision No 251 / QD-TTg: Approving the project "Orientation for attracting, managing, and using ODA and concessional loans of foreign donors in the 2016-2020 period." issued on February 17, 2016 Department of External Economic Relations, Ministry of Planning and Investment 2011, "Summary report: The situation of 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(Luan.van.tot.nghiep).the.impacts.of.official.development.assistance.on.vietnams.economic.growth.from.1993.to.2020(Luan.van.tot.nghiep).the.impacts.of.official.development.assistance.on.vietnams.economic.growth.from.1993.to.2020(Luan.van.tot.nghiep).the.impacts.of.official.development.assistance.on.vietnams.economic.growth.from.1993.to.2020(Luan.van.tot.nghiep).the.impacts.of.official.development.assistance.on.vietnams.economic.growth.from.1993.to.2020(Luan.van.tot.nghiep).the.impacts.of.official.development.assistance.on.vietnams.economic.growth.from.1993.to.2020(Luan.van.tot.nghiep).the.impacts.of.official.development.assistance.on.vietnams.economic.growth.from.1993.to.2020(Luan.van.tot.nghiep).the.impacts.of.official.development.assistance.on.vietnams.economic.growth.from.1993.to.2020(Luan.van.tot.nghiep).the.impacts.of.official.development.assistance.on.vietnams.economic.growth.from.1993.to.2020
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