(CPV) - Prime Minister Nguyen Tan Dung has signed Decision 958/QD-TTg approving the public debt and national foreign debt strategy in the period 2011 – 2020 and the orientation towards 2030.
The objective is to issue government bonds to implement the programmes investing in the construction of traffic, irrigation, health and education infrastructure for the purpose of fundamentally satisfying the bond capital in 2011 – 2015, to total 225,000 billion VND, averaging 45,000 billion VND a year. In addition, the country will issue bonds worth a maximum of VND 500,000 billion in 2016 - 2020, in which VND 350,000 billion will be invested in development and the rest used to refinance and minimize the risk of capital redistribution, liquidation, exchange rates, and currency.
The PM requests the Ministry of Finance, the Ministry of Planning and Investment, the State Bank of Vietnam and other related ministries to implement the strategy.
Specifically, the strategy aims to complete public debt management and national foreign debt management policies and tools; utilize capital sources from ODA, actively and reasonably mobilize preferential loans and tightly control loans taken out for the purpose of balancing the State budget.
The strategy will be implemented into two five-year phases, 2011-2015 and 2016- 2020, and will be concretized in accordance with the detailed plan./.