Hanoi, Nov. 12 -- Deputy Prime Minister Nguyen Van Thang, during a question-and-answer (Q&A) session on financial affairs at the second session of the 16th National Assembly on November 12, stressed the need to ensure the effectiveness of official development assistance (ODA) loans and concentrate funding on projects with clear economic and social benefits, while avoiding scattered investment.

The Deputy PM said Vietnam's public debt, foreign borrowing and government debt levels remained well below the ceilings permitted by the NA, leaving room to mobilise ODA alongside other funding sources for economic development.

However, he stressed the need to carefully assess the efficiency of ODA use, as Vietnam is no longer eligible for low-cos...