Minister of Finance Ho Duc Phoc pointed out problems in the Law on Public Investment at the ongoing National Assembly session.
The Ministry of Finance (MOF) has submitted a statement to the Prime Minister about the public debt management program for 2022-2024, and the plan to borrow and pay public debts in 2022.
The Government’s report says that if the GDP in 2021 is below expectations, this will affect state budget overexpenditures as well as the national public debt and foreign debt safety indexes.
The HCM City People's Committee has asked the Ministry of Planning and Investment and Ministry of Finance to disburse Japan’s official development assistance (ODA) capital from the central budget this year
Germany has pledged to provide 50 million EUR ($58.8 million) in official development assistance (ODA) loans and another 63.559 million EUR in non-refundable ODA for 14 technical assistance and investment projects in Vietnam this year.
The disbursed amount of public investment funded by ODA in localities in the first five months of 2021 stood at over VND1.1 trillion ($47.9 million), equivalent to just 1.73 percent of the year’s target, according to the Ministry of Finance.
The groups will be charge of handling outstanding projects with an aim to help solve longstanding problems at ministries and branches, and in localities.
Investors are worried as their Build-Operate-Transfer (BOT) projects cannot satisfy requirements as revenue has been lower than expected.
Ten ministries and agencies, as well as 45 localities, are giving back the capital allocated to them as they did not spend all the money they received in 2020.