The Tan Vu - Lach Huyen Highway in the northern port city of Hai Phong. The project has investment of almost 11.85 trillion VND (525.3 million USD), of which the majority was funded with Japanese official development assistance (Photo: VNA) Hanoi (VNA) -A delegation of lawmakers will supervise the implementation of laws andpolicies on the management and use of foreign loans.
The delegation was set up under a resolution issued by the National AssemblyStanding Committee. It will evaluate the issuance of legal documents and theimplementation of policies and regulations relevant to the management and useof foreign loans.
Nguyen Duc Hai, a member of the NA Standing Committee and Chairman of the NA’sFinancial and Budget Committee, is leading the delegation.
The lawmakers will review results, shortcomings and difficulties as well asdefining the responsibilities of agencies, organisations and individuals.
After that, they will issue measures to organise the implementation on laws andpolicies on the management and use of foreign loans in the future and relevantpolicies and regulations as well.
Regarding the subject of supervision, the resolution states that the Governmentand the Prime Minister will have to report the issuance of legal documents, theimplementation of policies and regulations, and the management and use offoreign loans.
Meanwhile, ministries, sectors, agencies, organisations and individuals, whoare relevant to this area, are also on the list.
In localities, the people’s councils, people’s committees of major citiesincluding Hanoi, HCM City, Hai Phong, Da Nang and Can Tho will outline specificcontents under their responsibilities.
The resolution will have three contents for supervision, including the issuanceof legal documents on the management and use of foreign loans; the realmanagement and use of foreign loans; and the implementation of proposalsrecommended by relevant inspecting and auditing agencies.
The supervision results will be reported to the NA Standing Committee at asession in August 2018, and sent to NA deputies at the committee’s sixthsession, which will take place at the end of 2018.-VNA
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