Vietnamese Government set to borrow 15 billion dollars in 2017
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Hanoi, May 4, 2017 (Xinhua/NAN) The Vietnamese Government said on Thursday that it planned to borrow 15.05 billion dollars in 2017, according to a borrowing and debt payment scheme, recently approved by Prime Minister Nguyen Xuan Phuc.
It comprised 10.7 billion dollars in domestic loans and 4.35 billion dollars in official development assistance (ODA) and foreign preferential loans.
Out of the sum, 13.93 billion dollars will be used to balance the state budget, while 1.12 billion dollars is for re-lending. (Xinhua/NAN)
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Edited by Celine-Damilola Oyewole/Obike Ukoh
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