PM assigns state development investment credit capital in 2018 to VDB

30/08/2018 12:08

Prime Minister has recently signed Decision No. 1065 / QD-TTg to assign state development investment credit capital plan in 2018 to Vietnam Development Bank (VDB) with total amount of VND5.600 billion.

Accordingly, Prime Minister assigns Ministry of Planning and Investment to assume the prime responsibility for examining, supervising, and quarterly reporting to the Government on the implementation of the plan.
Ministry of Finance have to report to Prime Minister plans on issuance of Government-backed bonds and foreign credit capital (ODA on-lending) in 2018 to VDB, ensuring not exceed public debt ceiling and government’s debt which was passed by the National Assembly.
VDB base on assigned plan strickly organizes the implementation as the allocated capital level; At the same time monthly and quarterly reports the performance and disbursement of the plan to two Ministries in accordance with the provisions of law./.

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