To Vietnam there are three objectives of the World Bank’s assistance program of foreign aid. These can be mentioned as to enhance equitable and sustainable development, to support Vietnam’s transition to a market economy and to promote good governance.
From the year 1993 through 2004, the country received assurances of 29 billion U.S. dollar of Official Development Assistance i.e. ODA. Out of this about 14 billion U.S. dollar i.e. 49 percent has been paid out. In the year 2004 international donors pledged ODA of 2.25 billion U.S. dollar. Out of this amount 1.65 billion U.S. Dollar was disbursed. Three donors explained 80 percent of disbursements in the year 2004. These were the World Bank, Japan and the Asian Development Bank. Vietnam hopes to receive 14 billion-15 billion U.S. dollar of Official Development Assistance during the period 2006–10.
In the year 1981, offshore oil exploration literally ended which happened with the assistance of Italian, West German and Canadian companies. Reportedly aid from china close to 300 U.S. dollar in 1977 and 1978 but in 1979 the aid dropped to zero. Vietnamese recovery in coal production was deeply affected by the loss of ethnic Chinese workers.
In 1979, Japan set aside its Official Development Assistance funds. This was a mixture of low-interest loans and grants. The amount of low interest loans was 135 million U.S. dollar.
At this situation watching Vietnam’s occupation of Cambodia, Sweden went on to supply any substantial amount of economic help. Social Commission for Asia and the Pacific and the United Nations Economic helped for development of the Mekong River.
In 1986 Vietnam’s current account shortage with major industrial countries was some 221 million U.S. dollar. the year 1978 and 1979 has seen the conflicts with china and Cambodia and it has definitely proved costly in terms of enduring economic ties with neighboring Asian and Western countries. Due to this factor Hanoi was pushed to rely on Soviet-bloc assistance to a great extent
0 comments:
Post a Comment