Vietnam: 04 cases where the managing agency of the ODA project other than the agency proposing the signing of international treaties

Vietnam: 04 cases where the managing agency of the ODA project other than the agency proposing the signing of international treaties (Illustrative image)

Under Circular 01/2008/TT-BNG, 04 cases where the managing agency of ODA programs and projects (collectively referred to as the managing agency) is other than the agency proposing to the Government of Vietnam regarding the signing of specific international treaties on ODA, including:

- If a specific international treaty on ODA loans or non-refundable ODA loans is concluded with the World Bank (WB), the International Monetary Fund (IMF) or the Asian Development Bank (ADB) for the ODA program or project of which the managing agency is other than the State Bank of Vietnam, the State Bank of Vietnam shall submit to the Government of Vietnam the conclusion and implementation of that international treaty:

- If a specific international treaty on ODA loans is concluded with a donor other than the WB. the IMF or the ADB for the ODA program or project of which the managing agency is other than the Finance Ministry, the Finance Ministry shall submit to the Government of Vietnam the conclusion and implementation of that international treaty;

- If a specific international treaty on non-refundable ODA is concluded with a donor other than the WB. the IMF or the ADB for an ODA program or project of which the managing agency is an agency belonging to or assisting the National Assembly, is the State Audit, a provincial/municipal Peoples Committee or the central body of a socio-political organization, a political-social-professional organization or a professional organization, the Ministry of Planning and Investment shall propose and submit to the Government of Vietnam the conclusion and implementation of that international treaty;

- If a specific international treaty on non-refundable ODA mentioned at Point c of this Section is concluded together with another one on ODA loans with the same donor, for the same ODA program or project, the Finance Ministry shall propose and submit to the Government of Vietnam the conclusion and implementation of that international treaty.

Details can be found in Circular 01/2008/TT-BNG effective February 25, 2008.

Ty Na

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