Nearly US$1 billion in debt paid for foreign partners
(VOV) - In July alone, Vietnam paid US$172.68 million in debt, clearing foreign debts of US$933.34 million in seven months, according to the Ministry of Finance (MoF).
Also in July, the Ministry signed 9 loan agreements valued at US$1.167 billion, bringing the total inked loan agreements in the seven-month period to 31 with a combined capital of US$3.129 billion.
Additionally, approximately US$1.778 billion in foreign loans have been disbursed in the seven months leading up to August.
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The MoF also said that spending from the State budget was estimated at US$4.3 billion in July and at US$29.3 billion for seven months, up 8.1% against last year’s corresponding period.
Of the figure, US$4.5 billion was spent on development investment (up 6.3%), US$4.2 billion on debt payment and aid (up 15.4%) and US$20.2 billion on socio-economic development, defence, security and administration management (up 5.9%).