The Government plans to borrow VND 384 trillion in 2018

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The Government has issued plan on loan and debt repayment and loan limitin 2018.Photo: Internet

Specifically, the Prime Minister has approved the Government's 2018 loan plan of VND 384,000 billion, including domestic loans of 275.970 and foreign loans of VND 108,030 billion, of which, loan for State budget balance is 341,770 billion, loans for compensating for over expenditures is VND 195,000 billion, loans for payment of original debt is VND 146,770 billion and loans for re-lending is VND 42.230 billion.

Approving the Government's loan and debt repayment plan in 2018 is for VND 256,769 billion. The Government’s direct debt payment in 2018 is VND 256,769 billion; debt repayment of projects for re-lending is VND 18.561 billion.

Approving the loan limit guaranteed by the Government and foreign long and mid- term commercial loans of enterprises and credit institutions under the method of self–borrowing and self-repayment in 2018, including the maximum limit of issuance of domestic bonds guaranteed by the Government of the Vietnam Development Bank is VND 24.430 billion; the maximum limit for issuance of domestic bonds guaranteed by the Government of Bank for Social Policies is VND 9.670 billion; the maximum limit of guaranteed domestic loan by the Government for projects is VND 2,000 billion; the maximum limit of foreign commercial loans of enterprises guaranteed by the Government is VND 700 million; the maximum limit of foreign commercial loan of credit institutions under the method of self-borrowing and self-repayment is US$ 5 million; Short-term outstanding debts of enterprises at the end of 2018 do not exceed the outstanding debts as of 31st December 2017.

Regulation on the establishment and operation of the Asset Valuation Council VCN- The Government has issued Decree 30/2018 / ND-CP detailing the establishment and operation of Asset Valuation ...

The maximum loan limit of local Governments is VND 21, 514 billion.

The Prime Minister assigned the Ministry of Finance to implement the Government's loan and debt repayment plan in accordance with the assigned task.