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Research on ODA from Japan, Its Benefits as well as Its Impacts on Vietnam's Economy in The Current Development Stage
Research on ODA from Japan, Its Benefits as well as Its Impacts on Vietnam's Economy in The Current Development Stage
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Date
2022
Authors
Nguyễn Thị Ngọc Linh
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Abstract
Looking back on the past, we can see that our country has achieved many wonderful things. The average annual growth rate of GDP has exceeded 7%, and people's lives have improved. Not only the economic aspect but also the socio-cultural aspect and the medical aspect have been improved. Relations with the countries of the world have also expanded. In addition to the effective use of domestic resources, foreign assistance also needs to play an important role in achieving these achievements. It is the Official Development Assistance (ODA) of each country, especially ODA from Japan. ODA is a really important fund for national development. ODA not only comes into contact with the results of modern science and technology but is also useful for human resource development and adjustment of economic composition. However, ODA involves not only lending but also political and economic constraints. If you do not know how to manage and use ODA, it may be a burden to the next generation of debt or subject to foreign control. This paper clarifies the impact of Japanese ODA on the Vietnamese economy. Or, issue problems that remain in the implementation of ODA and how to improve them.
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Development,
Economy,
Japan,
ODA