Vietnam signs 10 more loan agreements worth $1.13b

13-Sep-2018 Intellasia | VnEconomy | 6:00 AM Print This Post

The latest report of the MOF showed that the total state budget revenue was estimated at 84 trillion dong in August 2018, and 871.8 trillion dong in the first eight months of the year, equivalent to 66.1 percent of the estimates, up by 13.8 percent compared to the same period of 2017.

Meanwhile, the budget spending was estimated at 113.8 trillion dong in August 2018 and 873.5 trillion dong in the first eight months of the year, equivalent to 57.3 percent of the estimates, up by 10.2 percent compared to the same period of 2017.

As of August 27th 2018, the control of recurrent expenditures by the State Treasury system was estimated at 483.902 trillion dong, accounting for 56.12 percent of the estimates in 2018, and the amount of payment refused to be paid was 7.3 billion dong, due to incomplete documents as prescribed.

The disbursement of capital construction investment in the first eight months of 2018 reached 176.836 trillion dong, accounting for 44.24 percent of the plan assigned by the National Assembly, and 45.57 percent of the plan assigned by the prime minister.

Notably, the MOF’s report also showed that the estimated value of debt repayment of the government was 4.277 trillion dong in August 2018 and 152.719 trillion dong in the first eight months of the year. In particular, repayment of domestic debts was 122.807 trillion dong, and repayment of foreign debts was 29.912 trillion dong.

In addition, the capital mobilisation of the government via the issuance of government bonds reached 14.260 trillion dong in August 2018 and 119.261 trillion dong in the first eight months of the year, equivalent to about 43.2 percent of the annual plan.

In August 2018, Vietnam signed a foreign loan valued at 150 million US dollars. From the beginning of the year, the country signed 10 loan agreements with a total value of 1.13 billion US dollars.

Regarding the management of public assets, in August 2018, the MOF issued Circular 67/2018/TT-BTC guiding the exploitation of information in the National Database of Public Assets, sent report to the prime minister explaining the finalisation of the Decree regulating standards, norms of management and use of cars, and issued a Decree on payment of Build-Transfer (BT) contracts by the value of land use rights.

The MOF has approved according to its competence the plan of rearranging and handling houses and land for 27 units of land and houses under the central management across provinces and cities. The Ministry issued decision to transfer assets of 10 units of land and houses which were former working offices of the units under the central management to localities.

Concerning equitisation activities, in the first eight months of the year, 10 businesses were approved for equitisation, including nine state-owned enterprises and one public service unit. The total corporate value was 29.524 trillion dong, in which the value of state capital was 15.271 trillion dong. Corporations, group and enterprises divested 3.772 trillion dong, earning 9.140 trillion dong.

 


Category: Economy, Vietnam

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