Hanoi (VNA) – Directions for the attraction, management and use of foreign sponsors’ official development assistance (ODA) and preferential loans from 2016 to 2020 have been issued. A similar ODA blueprint for 2011 to 2015 helped achieve targets set in the period’s socio-economic development plan. The 2016-2020 plan takes into consideration Vietnam’s status as a middle-income country, which it acquired more than a year ago. The new status is expected to shift relationships with foreign sponsors of ODA and preferential loans from assistance-based to partnership-based. The ODA blueprint for 2016-2020, approved by the Prime Minister, outlines policies to ensure the effective mobilisation and use of ODA and concessional loans, helping…
New decision to boost automobile sector
Hanoi (VNA) – The Prime Minister has issued a decision on mechanisms and measures to implement the strategy for Vietnam’s automobile industry development through 2025, with a vision toward 2035. The measures are also designed for the implementation of the master plan for Vietnam’s automobile industry development through 2020, with a vision toward 2030. The policies specified in the decision will be valid for at least 10 years, it said. Among them are assistance in terms of credit, demand stimulation and market development for the domestic automobile industry. Investment projects to produce automobile parts and assembly automobile by domestic enterprises will be given access to loans provided by the Vietnam…