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Vietnam spends $3.13 bln on foreign aids repayment

Vietnam has spent some 65.15 trillion dong ($3.13 billion) on the repayment of debts from foreign aids in the first 8 months of this year, meeting 75.8 percent of the year’s estimate, said the Ministry of Finance.

Some 7.1 trillion dong was repaid in August alone, down 10 percent month on month, said the ministry.

In August, the total state budget expenditure was estimated at 56.505 trillion dong, bringing the total figure in Jan-August to 480.895 trillion dong, 66.3 percent of the year’s estimate.

The spending on development investment was 100.62 trillion dong, 66.2 percent of the year’s estimate.

Among the expenditure, the state budget spent up to 75.6 percent of the estimate on compensation for preferential credit interest rate difference, 73.9 percent of the estimate on supporting the national reserve and 63.6 percent of the estimate on supporting capital for state-owned enterprises.

Regarding spending on the basic construction investment, till the end of August, the state budget advanced some 95.5 trillion dong for projects, or 65.7 percent of the year’s estimate and the actually disbursed capital for investors reached 63 percent of the year’s estimate, equaling to the figure of the same period last year.

Also till the end of August, capital disbursement from G-bonds reached over 80 percent of the year’s estimate.

The disbursement from G-bonds for irrigation-transport and hospital upgrading projects were estimated to reach 83.7 percent and 72.8 percent of the year’s estimate.

Spending on socioeconomic development, defense, security and administration management, including expenditures for salary reform, reached 315.125 trillion dong, or 67.2 percent of the year’s estimate, in January-August.

In detail, spending on defense and security reached 67.4 percent of the year’s estimate, spending on education and training activities reached 66.9 percent and spending on retirement pensions and social security reached 74.5 percent.

(US$1 = 20,830 dong)

From VietNamBusiness

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