Vietnam to borrow USD 4.7 billion this year

This amount includes USD 1.1 billion for the Government, according to Decision 457/QD-TTG dated April 9. The Government is planning to disburse USD 1.73 billion in official development assistance (ODA) and other concessional loans, and pay USD 930 million in foreign debt this year.

The maximum Government-guaranteed foreign loans which local companies and credit organizations can borrow from abroad are no more than USD 1.3 billion, while foreign loans without Government guarantees will be around USD 600 million.

The Prime Minister told the State Bank of Vietnam to coordinate with relevant authorities to make an assessment on the current foreign loan situation for businesses, especially middle- and long-term foreign direct investment loans and short-term loans for credit organizations. The report must go before the Prime Minister in the second quarter of this year, says the decision.