Monday, November 19, 2018 4:02:51 PM - Markets open
VN-INDEX 916.06 +17.87/+1.99%
HNX-INDEX 103.95 +0.93/+0.91%
UPCOM-INDEX 52.40 +0.38/+0.74%
Vietnam enhances policy enforcement on management, use of foreign loans
VietnamPlus - 10/24/2018 10:58:51 AM
 (0 ratings. You must sign in to rate.)
The Standing Committee of the National Assembly (NA) has recently issued a resolution on promoting law enforcement on the management and use of foreign loans.
 
The issuance of Resolution 582/NQ-UBTVQH 14 is based on a report of the NA Standing Committee’s inspection team on the management and use of foreign loans in 2011-2016.
 
The resolution said the legal system has been improved in line with policies of the Party and State and basically meets the requirements in the use and management of foreign loans. 
 
Over the years, the use of this capital source has been effective with prompt disbursement. Meanwhile, inspection and auditing of the use of foreign loans have been strengthened, raising the efficiency of projects funded by foreign loans.
 
The NA Standing Committee asked the Government to review the legal system and the implementation of regulations on foreign loans, while continuing to perfect regulations on the mobilisation, management and use of official development assistance  and foreign preferential loans.
 
The Government was also asked to study revisions to Law on Public Investment to make it align with the Constitution and related laws, and submit the revised bill to the NA. 
 
In addition, the Government was tasked with devising a strategy for foreign loan mobilisation, in line with the country’s socio-economic development strategy and step by step adjusting the ratio of foreign debts in public debts. 
 
The resolution said foreign loans should be mainly used for purposes and tasks decided by the NA and major projects in fields of importance such as climate change adaption, clean energy, transport and irrigation. 
 
It required the Government to adhere to the cap on investment from State budget at under 2,000 trillion VND (85.32 billion USD) in the 2016-2020 and safety limits of public debt as set by the NA, particularly the limit regarding the Government’s foreign debt.-VNA
 
Read original article here
 
Newer News
09:11 Reference exchange rate stays unchanged on November 19
16/11 Reference exchange rate down further on November 16
14/11 Reference exchange rate turns around to drop on November 14
13/11 Reference exchange rate up 2 VND on November 13
12/11 Reference exchange rate ups 2 VND at week’s start
09/11 Reference exchange rate continues to go down
07/11 Reference exchange rate up on November 7
05/11 Reference exchange rate down on November 5
01/11 Reference exchange rate rises further on November 1
01/11 Export turnover goes up by 14.2 percent in ten months
Older News
24/10 Dong Nai: 10-month FDI surpasses 60 percent of yearly target
22/10 Reference exchange rate down on week’s beginning
17/10 Lending interest rates on the rise at VN banks
16/10 Hanoi aims to collect 55.6 million USD daily for budget
15/10 Reference exchange rate down on week’s beginning
15/10 Bank system’s credit growth target unlikely to be reached
12/10 Reference exchange rate goes up on October 12
11/10 Credit institutions expect improved business performance in 2018
10/10 Reference exchange rate down 2 VND on October 10
08/10 Tightened monetary policy forecast for Q4 2018
 
Newsletter Signup
Top Stories
VN Index to rise amid volatility, weak liquidity
VN stocks continue rallying
VN manufacturing PMI hits 22-month high in March
CPI goes up 4.96 percent year-on-year in first quarter
Slight rise in February CPI
Market Update
Last updated at 3:09:16 PM
VN-INDEX 916.06 +17.87/+1.99%
Real-time chart
Top 5 Actives
Top 5 Gainers
Top 5 Losers
My Favorite Quotes
Your most recently viewed tickers will automatically show up here if you type a ticker in the Get Quotes box on the top of the page.
Company Research
Type in the symbol above for thorough background information, key statistics and financial information.
Stock Sectors
We continuously improve our services, here are the latest updates...
Portfolio
Allow you to monitor a customised group of securities. You can set up multiple Portfolios to help you better manage your investments.
Trigger Alerts
Get up-to-date alerts delivered directly to your email address.
Stock Screener
Allow you to filter the market and find exactly what sort of company you are looking for.
Live Terminal
Get instant access to FREE REAL-TIME streaming quotes for hundreds of stocks from HOSE, HNX and UPCOM exchanges.