Sep 4, 2011

Vietnam - Vietnam spends $3.13 bln on foreign aids repayment


Vietnam has spent some VND65.15 trillion ($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 VND7.1 trillion was repaid in August alone, down 10 percent month on month, said the ministry.

In August, the total state budget expenditure was estimated at VND56,505 trillion, bringing the total figure in Jan-August to VND480,895 trillion, 66.3 percent of the year's estimate.
The spending on development investment was VND100.62 trillion, 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 public enterprises.
Regarding spending on the basic construction investment, till the end of August, the state budget advanced some VND95.5 trillion 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 VND315.125 trillion, 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.
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