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Monitoring the management and use of ODA loans

Tuesday, 27/03/2018

In the afternoon of March 21th, the provincial delegation of the National Assembly XIV had a meeting on monitoring the implementation of policies and laws on managing and using ODA loans (foreign loans) in Vinh Phuc province in the period of 2011-2016 at the provincial Board of managing and using foreign loan capital. Mr. Tran Van Tien, Deputy Head of the delegation, chaired the meeting.

Mr. Tran Van Tien, Deputy Head of the provincial delegation of the National Assembly XIV checked the actual operation, management of wastewater treatment system in Vinh Yen city.

According to the Report of the Board, in 2011-2016, the provincial People's Committee issued 67 documents to guide, direct and use foreign loans; directed the implementation of a transitional project (improve the investing environment in Vinh Phuc province) with a total capital of more than VND 4,000 billion and continued carrying out 3 projects, including the water resource and flood management project in Vinh Phuc province; the urban type II development program - Vinh Phuc component project and Dam Vac bridge project.

Despite many difficulties and limitations, in general, the management and usage of ODA loans have been followed by all levels, departments and in accordance with the law and regulations of the donor.

The investment of these works and projects not only bring many benefits, promote the socio-economic development in a sustainable direction but also contribute to create a breakthrough in the construction of infrastructure in a large area and provincial center, contributing to create a favorable business environment, promote the investment attraction.

At the meeting, the delegates focused on many issues related to: assessing the effectiveness of using ODA loans compared to other sources of funds; using loan capital; wasting in loans management and usage, arranging capital payment, difficulties/ problems on implementing projects, handing over works…

Before that, in the morning, the delegation conducted the actual inspection of the management, operation project of the drainage, sewerage system of Vinh Yen city and the expansion project of Vinh Yen city's water supply system.

Vinh Phuc News

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