Foreign-sourced capital to dwindle as from 2018Total foreign-sourced capital for projects will gradually decline as from 2018, when Vietnam will completely graduate from official development assistance (ODA), leading to more prudent consideration of projects using less preferential loans, according to Prime Minister Nguyen Xuan Phuc. PM Phuc noted that under the medium-term public investment plan for 2016-2020, total medium-term investment capital sourced from the State budget is 2,000 trillion VND in maximum. Of the sum, 300 trillion VND is foreign capital allocated from the central budget, including a backup worth 30 trillion VND. The medium-term foreign capital of 270 trillion VND basically meets the actual disbursement demand of the projects listed in the medium-term plan. However, some unexpected problems arose such as adjustment to total investment of some ongoing projects and changes in some projects’ financial mechanisms.

Source: VietNamNet News February 06, 2018 11:48 UTC