Resolution No. 14/NQ-CP 2020 domestic financial regime on loan of the Investment Plan of constructing three Universities

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ATTRIBUTE

Resolution No. 14/NQ-CP dated February 02, 2020 of the Government on approving of the domestic financial regime on foreign loan of the Investment Plan of constructing three Universities of: Vietnam National University, Vietnam National University Ho Chi Minh City and the University of Danang, with the estimation loan capital from the World Bank (WB)
Issuing body: GovernmentEffective date:
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Official number:14/NQ-CPSigner:Nguyen Xuan Phuc
Type:ResolutionExpiry date:Updating
Issuing date:20/02/2020Effect status:
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Fields:Construction , Education - Training - Vocational training , Investment

SUMMARY

Three universities shall re-borrow 10% from foreign loan capital to invest in facilities construction

On February 02, 2020, the Government’s issues the Resolution No. 14/NQ-CP on approving of the domestic financial regime on foreign loan of the Investment Plan of constructing three Universities of: Vietnam National University, Vietnam National University Ho Chi Minh City and the University of Danang, with the estimation loan capital from the World Bank (WB).

Accordingly, the Government approves the regime that the State Budget shall allocate 90% of the foreign loan capital and Vietnam National University, Vietnam National University Ho Chi Minh City and the University of Danang shall be allowed to re-borrow 10% from foreign loan capital.

This Resolution takes effect from February 02, 2020.

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Effect status: Known

THE GOVERNMENT

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No. 14/NQ-CP

THE SOCIALIST REPUBLIC OF VIETNAM

Independence – Freedom - Happiness

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Hanoi, February 02, 2020

 

RESOLUTION

On domestic financial regime on foreign loan capital of the Investment Plan of constructing three Universities of: Vietnam National University, Vietnam National University Ho Chi Minh City and the University of Danang, with the estimation loan capital from the World Bank

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

Pursuant to the Government’s Decree No. 16/2016/ND-CP dated March 16, 2016 on management and use of official development assistance (ODA) and concessional loans of foreign donors;

Pursuant to the Government’s Decree No. 132/2018/ND-CP dated October 01, 2018 on amending and supplementing a number of article of the Government’s Decree No. 16/2016/ND-CP dated March 16, 2016 management and use of official development assistance (ODA) and concessional loans of foreign donors;

Pursuant to the Government’s Decree No. 97/2018/ND-CP dated June 30, 2018 on the on-lending of ODA loans and foreign concessional loans of the Government

At the proposal of the MINISTRY OF FINANCE on the Statement No. 11/TTr-BTC dated February 04, 2020,

 

RESOLVES:

 

Article 1.To approve the domestic financial regime on foreign loan of the Investment Plan of constructing three Universities of: Vietnam National University, Vietnam National University Ho Chi Minh City and the University of Danang, with the estimation loan capital from the World Bank as follow:

The State Budget shall allocate 90% of the foreign loan capital. Vietnam National University, Vietnam National University Ho Chi Minh City and the University of Danang shall be allowed to re-borrow 10% from foreign loan capital.

Article 2.The Ministries:  Ministry of Education and Training, Minister of Planning and Investment, Minister of Finance, Vietnam National University, Vietnam National University Ho Chi Minh City and the University of Danang and relevant authorities shall implement the subsequent procedures to receive the foreign loan capital for the Plan as prescribed by law./.

For the Government

The Prime Minister

Nguyen Xuan Phuc

 

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