Vietnam’s new regulations on on-lending of the government's ODA loans and foreign concessional loans

Tuyết Hoan

14:29, 06/07/2018

Recently, the Government of Vietnam issued Decree No. 97/2018/ND-CP on on-lending of the government's ODA loans and foreign concessional loans. Notably, there are changes in the on-lent proportion for Provincial People's Committees, public non-business units, and enterprises.

To be specific:

- The local jurisdiction having the rate of additional funding from the Central government budget to total local government budget expenditure equaling 70% or more shall be entitled to 30% of the on-lent capital derived from the ODA loan or concessional loan;

- The local jurisdiction having the rate of additional funding from the Central government budget to total local government budget expenditure from 50% to below 70% shall be entitled to 40% of the on-lent capital derived from the ODA loan or concessional loan;

- The local jurisdiction having the rate of additional funding from the Central government budget to total local government budget below 50% shall be entitled to 50% of the on-lent capital derived from the ODA loan or concessional loan;

- The local jurisdiction having the rate of revenues regulated into the central budget shall be entitled to 70% of the on-lent capital derived from the ODA loan or concessional loan;

- Hanoi and Ho Chi Minh City shall be entitled to 100% of the on-lent capital derived from the ODA loan or concessional loan.

View more details at Decree No. 97/2018/ND-CP of Vietnam’s Government, effective from July 01, 2018, which replaces Decree No. 78/2010/ND-CP and Decree No. 52/2017/ND-CP.

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