To complete the personnel of the National Steering Committee for ODA and Preferential Loans in Vietnam

To complete the personnel of the National Steering Committee for ODA and Preferential Loans in Vietnam (Internet image) 

To complete the personnel of the National Steering Committee for ODA and Preferential Loans in Vietnam

Recently, Prime Minister Pham Minh Chinh signed Decision 248/QD-TTg on March 26, 2024, to complete the personnel of the National Steering Committee for ODA and preferential loans, which includes the following members:

(1) Committee Chairman: Deputy Prime Minister Tran Luu Quang.

(2) Committee Vice Chairman: Minister of Planning and Investment Nguyen Chi Dung.

(3) Committee Members:

- Deputy Minister of Planning and Investment Tran Quoc Phuong;

- Deputy Head of the Government Office Do Ngoc Huynh;

- Deputy Minister of Finance Vo Thanh Hung;

- Deputy Minister of Foreign Affairs Nguyen Minh Hang;

- Deputy Minister of Agriculture and Rural Development Hoang Trung;

- Deputy Minister of Transport Nguyen Danh Huy;

- Deputy Minister of Construction Nguyen Tuong Van;

- Deputy Minister of Natural Resources and Environment Tran Quy Kien;

- Deputy Minister of Industry and Trade Phan Thi Thang;

- Deputy Minister of Health Le Duc Luan;

- Deputy Minister of Education and Training Pham Ngoc Thuong;

- Deputy Governor of the State Bank of Vietnam Pham Quang Dung;

- Deputy Chairman of Hanoi People's Committee Duong Duc Tuan;

- Deputy Chairman of Ho Chi Minh City People's Committee Bui Xuan Cuong.

Contents and basic rules for state management of ODA and concessional loans in Vietnam

According to Article 6 of Decree 114/2021/ND-CP, the scope of state management for ODA and concessional loans is as follows:

- Formulate, promulgate and organize the implementation of legislative documents on management and use of ODA and concessional loans;

- Formulate and implement Proposals for attracting, managing and using ODA and concessional loans in each stage to facilitate the implementation of 5-year socio-economic development plans; measures and policies to effectively manage and use such funding sources;

- Supervise and provide information about management and use of ODA and concessional loans;

- Monitor, evaluate, and inspect the management and use of ODA and concessional loans according to regulatory provisions.

Basic rules for state management of ODA and concessional loans:

(1) ODA and concessional loans shall be used to finance capital expenditures only, and are not available for recurrent expenditures. Foreign loans must not be used to carry out activities, such as training or drilling for capacity building, except transfer of technologies and skills in operating equipment and machinery; make study visits or trips; pay taxes, fees, and interest expenses on loans; purchase cars, except for specialized cars decided by competent authorities, reserve supplies and equipment for operation phase after the project is completed, except for special ones decided by competent authorities in accordance with legislative regulations; pay compensation, support and resettlement expenses; pay operating expenses of the Project Management Unit; 

(2) The Government shall unify the state management of ODA and concessional loans on the basis of ensuring the effective use of capital and solvency; decentralization associated with accountability, power, managerial capability of ministries, central and local authorities; ensuring coordinated management, supervision and evaluation of concerned agencies in accordance with applicable laws;

(3) Ensure information disclosure and transparency; promote accountability in terms of policies, procedures for raising, managing and using ODA and concessional loans among industries, sectors and localities; and the effectiveness of using ODA and concessional loans;

(4) Disclose information about cooperation policies, priority fields of foreign donors on the Government's web portals (chinhphu.vn; mpi.gov.vn; mof.gov.vn; mofa.gov.vn);

(5) Prevent and combat corruption, losses and wastefulness in management and use of ODA and concessional loans; prevent and impose punishments for these acts in accordance with law;

(6) Methods of determining capital expenditures funded by the state budget: Capital expenditures are determined in compliance with the provisions of the Law on Public Investment 2019, the Law on State Budget 2015, the Law on Construction 2014 and other relevant legislative documents.

More details can be found in Decision 248/QD-TTg in 2024.

Truong Quang Vinh

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