Illustrative image (Photo: VNA)Hanoi (VNA) - Ten out of 12 ministries and agencies havecommitted to completing the disbursement of foreign loans this year afteradjusting down their capital plans, the Ministry of Finance has reported.
At a conference in Hanoi on October 12, head of the ministry’sDepartment of Debt Management and External Finance, Truong Hung Long, said thatover 4.2 trillion VND (182.6 million USD) in foreign loans were disbursed inSeptember, up more than 558 billion VND month-on-month.
The disbursement of official development assistance (ODA) andpreferential loans, however, remains low due to incomplete site clearance, slowproject approval and bidding, and complaints about the bidding process.
Deputy head of the Ministry of Education and Training (MoET)’s Planning andFinance Department, Dinh Minh Tung, said that, as of September 30, the MoET’sdisbursement had met 39 percent of the target, up 18 percent against August.
Ministries and agencies were asked to partner with sponsors, agencies,and localities to deal with any difficulties, especially in major projects.
The Finance Ministry pledged to continue considering the disbursement ofODA and preferential loans a key task this year, and will discuss emergingissues with sponsors during the process./.
VNA
