Illustrative image (Source: VNA)
 
Hanoi (VNA) – The Ministry of Finance on July 26 provided more information about the State Bank of Vietnam (SBV)’s disbursement ratio of planned investment capital sourced from the State budget in 2017.

According to the National Assembly’s Resolution No. 29/2016/QH14 dated November 14, 2016 on allocating State budget in 2017, the SBV is assigned to disburse 73.38 billion VND (nearly 3.23 million USD).

Under Decision No. 2562/QD-TTg dated December 31, 2016 by the Prime Minister on the allocation of investment capital from the State Budget in 2017, the SBV is permitted to disburse a total capital (domestic capital) of 73.38 billion VND (nearly 3.23 million USD), with 7.64 billion VND being allocated in line with regulations and the remainder, worth 65.73 billion VND, was arranged not in line with regulations.

According to a report of the State Treasury, by June 30, the SBV had disbursed 4.29 billion VND, completing only 5.8 percent of the plan.

The bank was also requested to work with the Ministry of Planning and Investment to examine the capital amount worth 65.73 billion VND, which was not properly allocated or lack of detail information and data concerning investment purposes, and reported the result to authorised agencies.-VNA