ATTRACTING ODA CAPITAL TO DEVELOP SOCIAL SECURITY IN VIETNAM RESEARCH FROM AFFECTING FACTORS

Year 2020, Volume: 4 Issue: 3, 53 - 78, 31.12.2020

Nguyen Thi Hoai Phuong Nguyen Viet Cuong Phan Thu Trang

Abstract

Social security is one of the most important issues in socio-economic manage-ment, especially in the current stage of integration and development. In recent years, Vietnam has been highly appreciated by the international community for many achievements in economic development associated with poverty reduction and social security. In the structure of capital for social welfare goals in Vietnam, capital gained through ODA plays an important role. However, the attraction of ODA capital to Vietnam in recent years still faces many difficulties. By using qualitative and quantitative research methods, this paper examines the impact of the factors affecting the attraction of ODA capital into Vietnam and offers possi-ble solutions to increase this source by the end of 2025. Depth interviews through open-ended questions were used to collect data from 06 Vietnamese or-ganizations receiving ODA and 05 institutions representing ODA sponsors such as WB; UNECF; USAIS; JICA… Basing on their answers, the authors contin-ued to ask questions to better exploit the factors affecting ODA attraction. The interviews were recorded and compared with each other to find the similarities or differences of each organizations and institutions. Consequently, the authors build measurement scales, questionnaires, and propose research models and hy-potheses. The research’s results show that the efficiency of using ODA is the most appreciated factor. It has a great impact on the ability to attract ODA to im-plement the goal of ensuring social security in Vietnam: when this factor is in-creased to 1 unit, the ability to attract ODA will increase to 0.222 units. Regres-sion analysis results of policies, strategies, institutions and legislations also sup-port the attraction of ODA. The target conformity between the donor and the recipient of ODA has a positive relationship with the attraction of ODA.

Keywords

finance, ODA capital, social security, sustainable development

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