According to the Ministry of Finance, as of August 31, 2023, 33 localities have requested adjustments to the loan capital estimates, leading to changes in the borrowing level of each locality compared to the level decided by the National Assembly .

Specifically, 27 localities proposed to reduce the re-borrowing budget, with a total proposed reduction of VND 5,565 billion; 6 localities proposed to increase the re-borrowing budget, with a total proposed increase of more than VND 349 billion.

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Dozens of localities asked to reduce their borrowing budget.

To limit the situation of requesting to adjust the loan estimate in the coming time, the Ministry of Finance recommends that localities need to properly assess the disbursement capacity of projects to propose appropriate capital plans, especially for projects facing difficulties and obstacles, projects that are having to adjust investment policies, and resolutely eliminate projects that are unable to disburse.

For projects whose planning year is the final disbursement year, it is necessary to evaluate the remaining workload and the ability to complete within the planning year to propose an appropriate amount of capital to be allocated to the capital plan because these projects account for a fairly high proportion of capital plan payments.

Localities need to improve the quality of project preparation to ensure that licensed projects can be implemented according to plan.

The Ministry of Finance also frankly requested that Ho Chi Minh City seriously review the capital planning method to ensure efficiency and suitability because Ho Chi Minh City is the locality that returns the most budget estimates, accounting for 50% of the total capital plan to return.

As for the Hanoi People's Committee, immediately after the Finance and Budget Committee met to review this content, on October 31, 2023, the Hanoi People's Committee issued a document requesting not to increase the re-borrowed capital estimate as previously proposed but to reduce the re-borrowed capital estimate. The Ministry of Finance requested that the Hanoi People's Committee seriously learn from experience in reviewing and adjusting the capital plan, clearly understanding the difficulties, obstacles and implementation status of projects in the area to ensure consistency and appropriateness in developing and proposing adjustments to the capital plan.

For the general ministries, the Ministry of Finance proposes to limit the assignment of public investment capital plans to foreign sources to avoid the situation of lacking re-borrowed capital plans. At the same time, be more cautious in assigning capital plans to new projects that have not signed loan agreements, avoiding proposing capital plans higher than capacity.

27 localities propose to reduce re-borrowing of more than VND5,500 billion in foreign capital . The Ministry of Finance said that 33 localities proposed to adjust the re-borrowing capital estimate, of which 27 localities proposed to reduce the foreign re-borrowing capital estimate.