The Government plans to borrow US$15.05 billion this year, according to a borrowing and debt payment scheme recently approved by Prime Minister Nguyen Xuan Phuc.


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The total includes US$10.7 billion in domestic loans and roughly US$4.35 billion in official development assistance (ODA) and foreign preferential loans. Of the sum, US$13.9 billion will be used to balance the State budget.

Under the scheme, the Government will spend US$11.45 billion on debt repayment.

The PM has assigned the Ministry of Finance to review the necessity and limit of the Government bond guarantee for the Vietnam Development Bank at over US$1.06 billion.

The Ministry of Planning and Investment was assigned to allocate infrastructure investment using ODA and preferential loans within the estimate of US$2.64 billion as approved by the National Assembly.

The State Bank of Vietnam will supervise commercial foreign loans of businesses and credit institutions.

VNA