TO REFRAIN FROM USING LOANS TO COVERREGULAR EXPENDITURES
This is the command of the National Assembly Standing Committee at the Resolution No. 582/NQ-UBTVQH14 on a number of tasks and solutions to continue stepping up the implementation of policies and
regulations on management and use of foreign loans.
In addition, in order to use foreign loans efficiently and reasonably, the National Assembly Standing Committee requires to review and exclude projects which are not really urgent, particularly for projects subject to conditions unfavorable for Vietnam or those that are inefficient as compared to domestic loan-funded ones.
Priority projects using foreign loans are large projects with spillover effects in essential and important sectors like response to climate change and natural disaster prevention and control, clean energy, transport, and hydraulic work.
The National Assembly Standing Committee also requests direct ministries, sectors and localities to remediate violations and expeditiously redress problems arising over the past time and define responsibilities of collectives and individuals that let violations occur, causing loss or inefficient use of foreign loans.
This Resolution is issued on October 05, 2018.
