Comparative analysis of Japanese and Korean ODA investment in Vietnam

Abstract

Official Development Assistance (ODA)-is an important source of capital for socioeconomic development, especially for developing countries like Vietnam. In the past years, Japan and South Korea (according to OECD statistics) have been the two countries with the highest inflows of ODA capital into Vietnam, which has helped the Government of Vietnam realize the objectives of socioeconomic development. and contributing to outstanding economic development and social progress, contributing significantly to GDP and reducing poverty over the years. In contrast, among the countries receiving official development assistance capital from Korea and Japan, Vietnam is also the leading country with the amount of ODA far exceeding that of other countries. The study was conducted to clarify and compare the situation of ODA mobilization from Korea and Japan to Vietnam to see clearly the importance of these two sources of capital for economic growth and social development. in Vietnam and solutions to improve the effectiveness of ODA use.