Principles for Management and Utilization of the Debt Repayment Accumulation Fund

21:42, 11/07/2024

On June 26, 2018, the Government of Vietnam issued Decree No. 92/2018/ND-CP on the management and use of the Debt Repayment Accumulation Fund.

The management and use of the Debt Repayment Accumulation Fund shall be carried out according to the following principles:

- Ensure transparency, transparency, and conformity with the law; ensure safety, liquidity, and efficiency in the management and use of the Fund's capital;- Link the management of the Fund with public debt management to ensure the repayment capability of debt obligations from on-lending loans and the handling of risks arising from on-lending and government guarantees;- All expenditures from the Debt Repayment Accumulation Fund are carried out based on the decisions of the competent authority, foreign loan agreements, and contracts signed between the Ministry of Finance and the recipients of capital from the Fund according to the nature and characteristics of each expenditure.

Decree 92/2018/ND-CP came into effect on July 1, 2018, replacing Decision 01/2013/QD-TTg.

- Thanh Lam -

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