Can Tho: Prioritizing the Mobilization of ODA Capital and Concessional Loans from Foreign Donors

23:59, 11/07/2024

the Government of Vietnam has just promulgated Decree 103/2018/ND-CP replacing Decision 42/2006/QD-TTg stipulating special mechanisms regarding investment, finance, budget, and management decentralization for Can Tho City.

According to the new regulations, the city of Can Tho will be prioritized in mobilizing official development assistance (ODA) and concessional loans from foreign donors, specifically:

- The Government of Vietnam prioritizes ODA funding support for the city to implement important infrastructure investment projects under the city's budget expenditures managed by the City People's Committee;- The Government of Vietnam prioritizes the arrangement of concessional loans through the relending method for the locality to implement PPP projects within the city;- The City People's Committee is authorized to approve project lists and decide on the acceptance of non-refundable aid (ODA, non-ODA foreign aid) for programs and projects regardless of the scale of aid, except for technical support aid related to institutions, religion, legal policies, administrative reform, national defense, and security, which are decided by the Prime Minister of Vietnam.

The Chairman of the City People's Committee is responsible for receiving, managing, and utilizing these aids, implementing policies on accounting and final settlement; annually reporting to the Ministry of Finance, Ministry of Planning and Investment for monitoring, supervision, and consolidation of reports to the Prime Minister of Vietnam.

See more Decree 103/2018/ND-CP effective from October 10, 2018.

- Thanh Lam -

>> CLICK HERE TO READ THIS ARTICLE IN VIETNAMESE

0 lượt xem

- This translation is generated by OpenAI's GPT-4o model;
- The legal regulations in this article are according to Vietnamese Law;
- This English translation is for reference purposes only and not a definitive translation of the original Vietnamese texts;
- Articles may be compiled from a variety of sources;
- Applicable Terms may have expired at the time you are reading;
- If you have any questions about the copyright of the article, please contact us via email banquyen@lawnet.vn