Decree No. 56/2020/ND-CP management and use of development assistance and loans of foreign donors

  • Summary
  • Content
  • Status
  • Vietnamese
  • Download
Save

Please log in to use this function

Send link to email

Please log in to use this function

Error message
Font size:

ATTRIBUTE

Decree No. 56/2020/ND-CP dated May 25, 2020 of the Government on management and use of official development assistance and concessional loans of foreign donors
Issuing body: GovernmentEffective date:
Known

Please log in to a subscriber account to use this function.

Don’t have an account? Register here

Official number:56/2020/ND-CPSigner:Nguyen Xuan Phuc
Type:DecreeExpiry date:
Known

Please log in to a subscriber account to use this function.

Don’t have an account? Register here

Issuing date:25/05/2020Effect status:
Known

Please log in to a subscriber account to use this function.

Don’t have an account? Register here

Fields:Finance - Banking

SUMMARY

Not allowed to use foreign loans to pay tax, fees and charges

On May 25, 2020, the Government promulgates the Decree No. 56/2020/ND-CP on management and use of official development assistance (ODA) and concessional loans of foreign donors.

To be specific, ODA and concessional loans may only be used for development investment but not regular spending. It is not allowed to use foreign loans to pay tax, fees and charges, loan interest, purchase cars (except for specialized cars as decided by competent authorities), supplies, equipment for operating processes after the project is completed; ground clearance expenses, operating expenses of the project management unit;

In addition, the Decree regulates that the time for appraisal of the report on proposing the investment policy or the pre-feasibility study report of a program or project shall be calculated from the date on which the valid dossier is received by the Appraisal Council. This time for a national targeted program shall not exceeding 60 days; For a public investment program (excluding national targeted programs) shall not exceeding 45 days; For a project of group-A shall not exceeding 45 days.

Besides, the Government also guides the formulation of dossiers submitted to the competent authority and time for deciding on investment policy on ODA or concessional loan-funded programs or projects; Order and procedures for appraising and approving technical assistance project or non-project aid documents...

This Decree takes effect on May 25, 2020.

For more details, click here.
Download files here.
LuatVietnam.vn is the SOLE distributor of English translations of Official Gazette published by the Vietnam News Agency
Effect status: Known

THE GOVERNMENT

 

THE SOCIALIST REPUBLIC OF VIETNAM
Independence - Freedom - Happiness

No. 56/2020/ND-CP

 

Hanoi, May 25, 2020

 

DECREE

On management and use of official development assistance and concessional loans of foreign donors[1]

 

Pursuant to the June 19, 2015 Law on Organization of the Government;

Pursuant to the June 25, 2015 Law on the State Budget;

Pursuant to the November 26, 2013 Bidding Law;

Pursuant to the June 18, 2014 Construction Law;

Pursuant to the November 26, 2014 Law on Investment;

Pursuant to the June 23, 2014 Law on Environmental Protection;

Pursuant to the April 9, 2016 Law on Treaties;

Pursuant to the November 23, 2017 Law on Public Debt Management;

Pursuant to the June 13, 2019 Law on Public Investment;

At the proposal of the Minister of Planning and Investment,

The Government promulgates the Decree on management and use of official development assistance and concessional loans of foreign donors.

 

Chapter I

GENERAL PROVISIONS

Article 1. Scope of regulation

This Decree prescribes the management and use of official development assistance (ODA) and concessional loans provided by foreign governments, international organizations, inter-governmental or inter-state organizations, or governmental organizations authorized by foreign governments (below collectively referred to as foreign donors) to the State or the Government of the Socialist Republic of Vietnam.

Article 2. Subjects of application

This Decree applies to agencies, organizations and individuals engaged or involved in the management and use of ODA and concessional loans of foreign donors and counterpart funds of Vietnam.

Article 3. Interpretation of terms

In this Decree, the terms below are construed as follows:

1. Steering committee of an ODA or concessional loan-funded program or project (below referred to as steering committee) means an organization established by the managing agency of an ODA or concessional loan-funded program or project (below referred to as a program or project) and composed of competent representatives of related agencies to direct, coordinate and supervise the program or project implementation. In some cases of necessity, based on agreement with a foreign donor, the steering committee may be composed of a representative of the foreign donor.

2. Management unit of an ODA or concessional loan-funded program or project (below referred to as project management unit) means an organization established to assist the managing agency or project owner in managing the implementation of one or more than one program or project.

3. Program means a combination of ODA or concessional loan-funded activities or projects that are interrelated and may be related to one or more than one sector, field, geographical area and stakeholder, aim to achieve one or several of specified objectives, and are performed through one or more than one stage.

Click download to see the full text

[1] Công Báo Nos 603-604 (01/6/2020)

Please log in to a subscriber account to see the full text. Don’t have an account? Register here
Please log in to a subscriber account to see the full text. Don’t have an account? Register here
Processing, please wait...
LuatVietnam.vn is the SOLE distributor of English translations of Official Gazette published by the Vietnam News Agency

ENGLISH DOCUMENTS

Official Gazette
Decree 56/2020/NĐ-CP PDF

This utility is available to subscribers only. Please log in to a subscriber account to download. Don’t have an account? Register here

LuatVietnam's translation
Decree 56/2020/NĐ-CP PDF

This utility is available to subscribers only. Please log in to a subscriber account to download. Don’t have an account? Register here

* Note: To view documents downloaded from LuatVietnam.vn, please install DOC, DOCX and PDF file readers
For further support, please call 19006192

SAME CATEGORY

loading