Government’s debt repayment between January and October was about VND298,222 billion

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The Government’s debt repayment in October is about VND7,308 billion. Photo: Internet

The Government’s capital withdrawal from foreign loans in October was about US$56.8 million. The Government implemented the capital withdrawal between January and October of US$1,097 million, meeting 26% of the annual target approved by the Prime Minister.

The allocated capital was US$798 million and the on-lending amount was US$298 million.

According to Decision 856 of the Prime Minister, the external loan plan in 2021 was VND96,864 billion. Of which, the on-lending was VND44,448 billion and the Government’s repayment was VND394,506 billion.

On October 19, 2021, the Ministry of Finance sent Report 182 to the Prime Minister on adjusting the public borrowing and debt payment plan in 2021 in accordance to reality. Accordingly, the external loan plan is VND51,297 billion and the public loan plan is VND463 billion.

The Government’s debt repayment in October reached VND7,308 billion. Of which, the public debt repayment was VND3,842 billion and external debt repayment was about VND3,466 billion.

The Government’s total debt repayment in tens month of 2021 was VND298,222 billion, accounting for 75.6% of the plan. The direct debt repayment was about VND278,577; the on-lending debt repayment was about VND19,646 billion.

Since earlier in the year, the Government has signed two agreements with the World Bank (WB) and the Austrian Government, with a total loan value of about US$98.6 million, the Ministry of Finance said.