Disbursement borrowed funds from abroad reach $US 896.7 million in 4 months

Many loan agreements to improve water resources, cope with climate change have been signed recently. Source: The Internet

From the beginning of the year until 24/4/2017, about 19,926 billion vnd has been disbursed (equivalent to $US 896.7 million)

About signing loan agreement, till the end of 4/2017, Debt Management and External Finance under Ministry of Finance has already signed 8 Loan Agreements with total value is $US 496.24 million.

The amount of foreign debt payment from the state budget in 4/2017 was $US 101.6 million. So the payment of a foreign debt from state budget was $US 641.2 million in 4 months.

As known that, only at the end of 3/2017 (from 24/3 to 31/3), the Debt Management and External Finance signed 4 agreements with the total value was $US 293 million. That were: Loan Agreement with World Bank for Water source and flood management project in Vinh Phuc with total value of $US 150 million; Loan Agreement with Asian Development Bank for Environment and Urban Infrastructure Development in climate change resilience in Quang Nam – Quang Binh, total value was $US 100 million; Loan Agreement with IFAD for Business Support for farmer household in Cao Bang, Bac Can with total value of $US 42.5 million; Loan Agreement with IFAD for Business Support for farmer household in Cao Bang, Bac Can with total value of $US 0.5 million.

Along with promoting disbursement borrowed funds from abroad, the raising capital in the early months of the year has run smoothly.

According to a recent report of Ministry of Finance, till the end of 30/4/2017, the volume of Government bond mobilize in the market was 81,581 billion vnd , reached 44.5% of the issuance plan (183.3 thousand of billion vnd).

At the same time, 23,000 billion vnd of Government bond for Social Insurance has been issued, reached 38.3% of issuance plan (60,000 billion vnd).