PM's directive on effective management and use of foreign loans

The Prime Minister has recently issued Directive No. 03/CT-TTg on the implementation of the National Assembly Standing Committee’s Resolution No. 582/NQ-UBTVQH14 on a number of tasks and solutions to continue accelerating the implementation of policies and laws on management and use of foreign loans.
PM's directive on effective management and use of foreign loans ảnh 1Illustrative image (Source: internet)

Hanoi (VNA) -
The Prime Minister has recently issued Directive No.03/CT-TTg on the implementation of the National Assembly Standing Committee’sResolution No. 582/NQ-UBTVQH14 on a number of tasks and solutions to continueaccelerating the implementation of policies and laws on management and use offoreign loans.

Based on the evaluation of the results of the implementation of policies andlaws on the management and use of foreign loans, tasks and solutions set out inthe Resolution, the Government leader instructs the Ministry of Planning andInvestment (MPI) to continue completing the Law on Public Investment and reportit to the PM and the Government, before it is submitted to the 14th NationalAssembly for approval at the upcoming 7th session.

In addition, the MPI is asked to develop the five-year and annual publicinvestment plans for official development assistance (ODA) capital andpreferential loans from foreign donors, report the plans to the authorisedlevels for approval, organise the implementation in line with the progressstipulated in the Law on Public Investment, and examine the disbursementprogress and efficiency of projects using foreign loans in accordance withprovisions of the law.

The PM also asks the MPI to coordinate with the Finance Ministry (MoF) andother agencies to guide the implementation of orientations for the attraction,management and use of ODA capital and preferential loans from foreign donors inthe 2018-2020 period, vision to 2021-2025.

The MoF is requested to complete the building of a directive on enhancing theuse of ODA capital and foreign preferential loans for development investmentand not for regular spending, while continuing to finalise the orientations forthe attraction, management and use of ODA capital and preferential loans in the2021-2025 period in accordance with the 10-year socio-economic developmentstrategy (2021-2030) and the five-year socio-economic development plan(2021-2015).

The PM asks ministries, sectors andlocalities to carefully select projects for the use of foreign loans, ensuringthe efficiency of use and debt repayment capacity on the basis of improving thequality of project documents and meeting well with Vietnam’s reciprocalconditions. - VNA
VNA

See more

NA Chairman Tran Thanh Man and his spouse are welcomed at Zvartnots International Airport of Yerevan on late April 1 (local time). (Photo: VNA)

NA Chairman begins official visit to Armenia

The official visit is a demonstration of Vietnam’s consistent policy of treasuring and promoting relations with the countries it has traditional friendship with, including Armenia.

President Luong Cuong and his spouse and King Philippe and Queen Mathilde of Belgium at the state banquet. (Photo: VNA)

State leader, spouse host grand banquet for Belgian King, Queen

In the past over five decades, Vietnam and Belgium have emerged as key partners across multiple fields, including politics, diplomacy, trade, investment, education, health care, environmental protection, and sustainable development. Both nations have also worked closely together at multilateral forums, particularly as members of the United Nations Human Rights Council for the 2023-2025 tenure.

Party leader To Lam (R) and Belgian King Philippe (Photo: VNA)

Belgian King’s visit to create new momentum for deepening ties: Party leader

Belgian King Philippe's visit, accompanied by senior officials, business leaders, representatives of universities and research institutes, would create new momentum to deepen and enhance the friendship and multifaceted cooperation between Vietnam and Belgium in a practical and effective way, meeting the benefits of their people and contributing responsibly to peace, stability, and sustainable development in the region and the world.

National Assembly Chairman Tran Thanh Man (R) hosts visiting King Philippe of Belgium in Hanoi on April 1 (Photo: VNA)

NA leader hosts Belgian King in Hanoi

To further strengthen Vietnam-Belgium relations, especially parliamentary cooperation, both sides agreed to enhance delegation exchanges at all levels, particularly between parliamentary committees and friendship groups. They also pledged to share legislative and supervisory experience, coordinate positions in international organisations, support each other’s candidacies for UN bodies, and effectively implement the EU-Vietnam Free Trade Agreement (EVFTA).

Vietnamese State President Luong Cuong (R) meets with Belgian King Philippe in Hanoi on April 1 morning. (Photo: VNA)

Vietnam wants to strengthen multi-faceted cooperation with Belgium: State President

President Cuong warmly welcomed King Philippe and a high-ranking delegation of the Kingdom of Belgium on their first state visit to Vietnam since the two countries established diplomatic relations in 1973, affirming that the trip is an important historical milestone, opening up a new page for the friendly relations between the two countries.