Disbursed capital reached nearly 5.8 trillion vnd in the first 2 months of 2017
2017: Should breakthroughs in FDI be expected? | |
Post accession FDI boom | |
100% of public investment disbursement will not be reached as planned. |
Illustrative photo. |
Particularly, in February 2017, the Ministry of Finance signed two loan agreements worth a total of $US 23 million, including a $US 3 million loan agreement with South Korea for a medical equipment project at the Hai Phong maternity hospital; and a $US 20 million agreement with South Korea for the supply of equipment for the Vietnam Fire and Rescue Police Department.
To 22nd February 2017, disbursed capital reached about 5,775 billion vnd (equivalent to $US 260.5 million), which was mainly in February 2017 with a disbursed capital of 5,598 billion vnd (equivalent to $US 252.5 million).
Reportedly, in order to improve the effectiveness of public debt management, the Ministry of Finance has finalized and submitted a draft Law on Public Debt Management (which is revised) to the Government.
The goal that the Ministry of Finance aims in this draft is to improve management policy, create a synchronized legal basis between public debt management and public investment management; mobilize capital promptly for investment and socio-economic development while ensuring debt safety and national financial security; improve the efficiency of loan utilization; and facilitate the implementation of active debt management.
8,150 billion vnd disbursed under the capital plan in January 2017 VCN- To 31st January 2017, the accumulated investment capital disbursed through the State Treasury system was estimated ... |
In addition, this draft Law will help to define the functions, tasks and powers of State agencies in public debt management; as well as accountability based on functions and duties in all stages from mobilization, allocation, and use of public debt. Thus, the authorities should selectively use international practices in line with practical conditions of Vietnam so as to make public debt management activities in Vietnam similar to international standards.
Related News
Enhance the core values of the national brand
15:36 | 02/05/2024 Import-Export
“Opportune environment” for growth of insurance enterprises
10:15 | 03/05/2024 Finance
How does the Land Development Fund work effectively?
09:19 | 26/04/2024 Finance
Price stability from supply increase and transparency in trading in gold market
09:42 | 25/04/2024 Finance
Latest News
Banks announce plans to significantly increase capital
15:11 | 04/05/2024 Finance
Minister of Finance Ho Duc Phoc receives Ambassador Extraordinary and Plenipotentiary of Japan to Vietnam
13:47 | 04/05/2024 Finance
Banks strengthen information security systems
14:55 | 03/05/2024 Finance
Closely monitoring fluctuations to calculate the appropriate time to adjust prices
15:35 | 02/05/2024 Finance
More News
Strictly monitor market fluctuations to appropriately adjust prices
14:46 | 27/04/2024 Finance
Closely monitoring market fluctuations to consider appropriate time to adjust prices
09:30 | 26/04/2024 Finance
Vietnam seeks to remove obstacles in upgrade of securities market
13:50 | 25/04/2024 Finance
SBV takes more actions to stabilise foreign exchange rates
13:43 | 24/04/2024 Finance
Proposal to exclude criminal liability for tax officials when businesses provide false information to refund VAT
10:35 | 24/04/2024 Finance
Corporate bond maturity in 2024 remains high: MoF
13:51 | 23/04/2024 Finance
Support clearance procedures for imported gold for bidding
09:33 | 23/04/2024 Finance
The exchange rate will gradually cool down from the end of the second quarter of 2024, while interest rates will remain low
09:32 | 23/04/2024 Finance
Majority of credit institutions forecast profit growth in 2024
15:16 | 22/04/2024 Finance
Your care
Banks announce plans to significantly increase capital
15:11 | 04/05/2024 Finance
Minister of Finance Ho Duc Phoc receives Ambassador Extraordinary and Plenipotentiary of Japan to Vietnam
13:47 | 04/05/2024 Finance
Banks strengthen information security systems
14:55 | 03/05/2024 Finance
“Opportune environment” for growth of insurance enterprises
10:15 | 03/05/2024 Finance
Closely monitoring fluctuations to calculate the appropriate time to adjust prices
15:35 | 02/05/2024 Finance