VND10 trillion of ODA reciprocal capital approved for localities

Friday, 11/08/2017 16:39
Prime Minister (PM) Nguyen Xuan Phuc has approved a target program to assist ODA reciprocal capital to localities during the 2016-2020 period.

Photo for illustration

Total budget to realize the program is VND10 trillion from the central budget, and it will be adjusted for additional funding as new ODA projects are signed and sources of funding are suitable with regulations.

Specifically, by 2020, 48 localities which meet difficulties in budget disbursement will receive assistance to speed up disbursement of foreign capital.

About VND6.976 trillion will be added to complete 300 projects moved from the 2011-2015 period to the 2016-2020 period.

About VND3.024 trillion of reciprocal capital will be used to implement newly-started projects in the 2016-2020 period, which were signed with financing agreement and deal with arising problems during the implementation of the projects moved from the 2011-2015 period to the 2016-2020 period./.

USD1 = VND22,765 in accordance of the exchange rate of Vietcombank on August 11th 

 

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