Tiếng việt | English

MPI proposes ODA capital cut due to slow disbursement

The Ministry of Planning and Investment (MPI) has proposed cutting more than VND2.223 trillion of foreign-funded capital in 2017 of five ministries and central sectors and 14 localities, due to the inability of disbursement.

Photo for illustration

Recently, weak and slow disbursement of public investment capital, including capital from state budget and capital borrowed from organizations or foreign countries, made Vietnam lose opportunities and show weakness in management and use of loans.

Accordingly, the five Ministries and central sectors are Ministries of Culture, Sports and Tourism; Health, Labor, War-Invalids and Social Affairs; Vietnam Academy of Science and Technology; and Electricity of Vietnam Group.

Meanwhile, the 14 localities include Dien Bien, Yen Bai, Lao Cai, Hanoi, Vinh Phuc, Ninh Binh, Ha Tinh, Quang Tri, Thua Thien-Hue, Phu Yen, Ba Ria - Vung Tau, An Giang, Tra Vinh and Ca Mau.

The proposal was made on the basis of statistics from reports of the ministries, central sectors and localities that have not yet fulfilled 80% of the planned capital, as of December 15th, 2017. 

The MPI also reported that five Ministries, central organs, and 31 localities have required additional foreign capital in 2017 with a total proposed capital of more than VND5.863 trillion./.

BTA

News same category