The conference witnessed the
participation of Mr. Somsavat Lengsavad - Deputy Prime Minister of the Lao PDR;
Mrs. Men Sam An - Deputy Prime Minister of the Royal Cambodia, Governor of
State bank of Myanmar and representatives from Ministries of Laos, Cambodia and
Myanmar. In terms of the Government of the Socialist Republic of Vietnam had Mr.
Vu Van Ninh - Deputy Prime Minister, Mr. Vuong Dinh Hue - Member of the Central
Committee, Head of the Central Economic Committee as well as officials and experts
of the Ministries and representatives of beneficiaries of Official Development
assistance (ODA).
Speaking at the conference, Mr. Vu
Van Ninh - Deputy Prime Minister emphasized that Vietnam has experienced 30
years of innovation and 20 years of assistance from financial institutions. The
Official Development Assistance (ODA) has helped Vietnam ensure its
macroeconomic stability, maintaining political security and deep integration
with the world economy. In the past 20 years, with more than 10% of total
investment in Vietnam, ODA has provided significant amounts of capitals to
develop infrastructure for Vietnam, including transportation, energy,
irrigation, rural, health, education and training as well as gradually
improving the policy system, management and human resources, especially high
quality human resources. Besides these achievements, Deputy Prime Minister
frankly acknowledged some objective limitations in using ODA including
absorption capacity, slow disbursement, inefficient use of capital, improving
framework regime but still cumbersome and complicated project management
procedure in some areas, which has not caught up with the higher management
requirements.
EVNNPT Mission at the International conference
The Official Development Assistance
(ODA) plays an important role in the field of investment and development of the
National power transmission company (EVNNPT). Since its foundation in 2008,
EVNNPT readmission some ODA loan projects from the Vietnam Electricity (EVN)
with the total amount of 850 USD million. So far, after 7 years, the total
cumulative ODA loans of EVNNPT under both multilateral and bilateral agreements
amounted to 2.15 USD billion, an increase by 153% compared with its
establishment and account for 45.9% of the total EVNNPT’s investments in power
transmission system during the period 2008-2015 (approximately 101,199
billion). During the period 2016-2020, the total ODA in the programs sponsored
by the multilateral financial institutions and foreign governments committed /
planned for Vietnam government borrowing in the power transmission sector was
approximately $ 1.9 billion. Up to now, EVNNPT has 19.631km transmission line
(including 6,790 km of 550kV line, 12.799 km of 220kV line and 43 km of 110kV
line), an increase by 45.5% compared with 2010. The total number of substations
up to now is 109 (including 23 550kV substations, 85 220kV substations and 01
110kV substation), an increase by 45.3% compared with 2010. The power
transmission network is constantly being expanded and upgraded to meet the
requirements of safe, continuous and stable operation, contributing to ensuring
the social and economic development.
Overall, the results of EVNNPT’s
projects funded by ODA are regarded as effective with relatively good disbursement
rate, basically meeting the schedule of fund arrangements and project
deployment as well as guaranteeing the project output. This is also the basis
for the donors to continue to trust and consider funding for the next EVNNPT
loans with a larger and various forms. /.