HCMC – Vietnam plans to mobilize about US$38.2 billion in official development assistance (ODA) and concessional foreign loans in 2026-2030, focusing on strategic infrastructure, green transition, and innovation projects.
The plan was announced by the Ministry of Finance at a workshop on April 20 to introduce Decree 119/2026/ND-CP, which outlines new policies for attracting and managing foreign funding in the future.
The move comes as Vietnam targets robust GDP growth and a shift toward a more sustainable economic structure. The 2026-2030 period is seen as critical for implementing the country’s socio-economic development strategy, with strong demand for investment in infrastructure, digital transformation, and climate resilience.
Decree 119 is expected to address longstanding bottlenecks in procedures for negotiating, signing, and approving loan proposals, while advancing decentralization and greater autonomy for ministries, sectors, and localities.
A key change under the decree is the introduction of a loan proposal mechanism to replace traditional processes, helping shorten approval timelines and improve efficiency. At the same time, external borrowing will be subject to stricter oversight based on borrowing conditions and repayment capacity to ensure public debt safety.
ODA is positioned as a supplementary funding source after maximizing domestic resources. To obtain the US$38.2 billion target, authorities will focus on five priority areas, including reforming financial mechanisms, improving project preparation, and maximizing non-financial benefits such as technology transfer and international knowledge sharing.
