In 2009, the foreign loans the government guarantees will focus on key projects on electricity and transport infrastructure. This is the conclusion from the last meeting of the Standing government on the subject and conditions of the project is guaranteed.
Vietnamese
Specifically, project teams train flight, project power in the total
electric map VI, the product development of the mechanical ... The
government will guarantee loans.
In addition, some projects of infrastructure such as highways and
important project by the Prime Minister will decide to continue to be
guaranteed.
Total investment of the project will be considered level guarantee
a minimum of 30 million USD. Extent of the capital from the owner of
the project is at least 20% of total capital investment but does not
include loans and capital levels from the state budget.
Guarantee limit increased in 2009 compared with 2008 levels by committed financing.
Ministry of Finance in collaboration with the ministries related
assessment projects, ensuring effective project possible, strengthen
the monitoring project implementation and timely remove difficult
problems in order to accelerate progress of implementation, limited
status prolonged period of construction.
At the meeting, the Permanent Government also identified, the government guarantees the past have created conditions for the investors to mobilize capital loans with loan costs reasonable than the self-loan business, self-pay. Most investors have the project completed tasks and obligations committed.
However, the Permanent Government Ministry of Finance to study some adjustments arising as the guarantor of the bonds, completing the regulations in the government guarantee foreign loans ...
At the 4th meeting of the National Assembly last XII course, many delegates have suggested the government should not continue to guarantee for the State enterprises to loans for which the loan business itself, by itself.
Source: Dantri.com.vn