The Law on Public Debt Management 2017 of Vietnam sets forth public debt management, which covers the borrowing, use of loans and debt repayment and public debt management transactions. There are acts prohibited in public debt management specified in this Law.
According to Vietnam’s regulations, “on-lending” means that the Government on-lend a sum of money that it has borrowed from ODA loans or external concessional loans to a People’s Committee of province or a public sector entity.
This is a new point of the Law on Public Debt Management 2017, which was approved by the 14th National Assembly of Vietnam at its 4th session on November 23, 2017 in comparison with the Law on Public Debt Management 2009.
This is a notable new point of the Law on Public Debt Management 2017, which was approved by the 14th National Assembly of Vietnam at its 4th session on November 23, 2017 and officially effective from July 01, 2018.
The Law on Public Debt Management (amended) consists of 10 chapters and 63 articles. This Law sets forth public debt management, which covers the borrowing, use of loans and debt repayment and public debt management transactions. This Law takes effect from July 01, 2018 and replaces the Law on Public Debt Management No. 29/2009/QH12.
Recently, the National Assembly of Vietnam issued Law No. 20/2017/QH14 setting forth public debt management, which covers the borrowing, use of loans and debt repayment and public debt management transactions.
The Law on Public Debt Management (amended) was approved by the 14th National Assembly of Vietnam with the approval of 85.74% of the delegates on November 23, 2017. This Law will take effect from July 01, 2018.
Parent company: THU VIEN PHAP LUAT Ltd.
Editorial Director: Mr. Bui Tuong Vu - Tel. 028 3935 2079
P.702A , Centre Point, 106 Nguyen Van Troi, Ward 8, Phu Nhuan District, HCM City;