The Office of the Government on August 11 issued Document No. 5515/VPCP-QHQT, conveying Deputy Prime Minister Pham Binh Minh’s request to ministries, ministerial-level agencies, governmental agencies, and people’s committees of provinces and centrally-run cities to report on the disbursement of ODA loans and concessional loans in the first half of 2021.

He requested that ministries, agencies, and localities using ODA loans review and evaluate the disbursement ability of each project, and transfer capital plans from projects seeing slow disbursement to those making good disbursement progress.

For projects that cannot be completed on schedule, ministries, agencies, and localities must reduce the assigned capital plan and submit a written proposal to the Ministry of Planning and Investment (MPI) and the Ministry of Finance (MoF) this month under Resolution No. 63/NQ-CP on tasks and solutions to promote the economy, disburse public investment capital, and maintain sustainable exports in the closing months of 2021 and early 2022.

For projects that need to adjust investment policies, ministries, branches, and localities must seek approval from competent authorities of adjustments to investment policies and must coordinate with the MoF to complete procedures for extensions and adjustments to signed loan agreements. The Deputy Prime Minister also assigned the MPI to follow the government’s direction in Resolution No. 62/NQ-CP on organizing inspections as well as removing difficulties in public investment, with large projects using ODA loans and foreign preferential loans being the focus.

MPI is also to summarize and report to the Prime Minister on reducing public investment plans in the central budgets for 2021 of ministries, agencies, and localities. MoF is to appraise and evaluate loans and actively work with sponsors to promptly resolve problems in disbursement. It must also reform and simplify procedures for document rotation in the payment and disbursement of ODA loans as well as foreign concessional loans.