NA Passes Gov’t Bond Capital Resolution
With 89% of votes, the National Assembly (NA) on November 9 passed the Resolution on government bond capital plan for 2011-2015 period.
Under the plan, the total government bond investment capital for the five-year period will not exceed VND 225,000 billion.
The NA asked the Government to map out specific principles and criteria for reviewing some ongoing state-funded projects and not to supplement new projects using government bond capital in the next five years.
Under the resolution, government bond capital quota passed by the NA every year will not be transferred to the following years.
The Government will rely on disbursement process to mobilize government bond capital for government capital projects in favor of investment efficiency.
Source: VGP
Vietnamese
