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Official Gazette

Sunday, September 20, 2020

Circular No. 64/2006/TT-BTC:

Updated: 16:45’ - 25/07/2006

The Finance Ministry issued this Circular on June 30, guiding the implementation of the Prime Minister’s Decision No. 42/2006/QD-TTg of February 16, 2006, on a number of budgetary and financial mechanisms for Can Tho city.

Under this Circular, annually, targeted allocations will be provided from the central budget to the city’s budget for investment in some key projects significant to Can Tho city and the Mekong river delta provinces.

Can Tho city is allowed to mobilize domestic capital by issuing local administration bonds under the provisions of Government Decree No. 141/2003/ND-CP of November 20, 2003, and apply other forms of capital mobilization.

In addition, the city may mobilize foreign capital for the execution of important infrastructure projects. However, it is not allowed to directly borrow foreign loans. Instead, the Government will borrow such loans for sub-lending to the city at the proposal of the municipal People’s Committee.  

Can Tho city will also be permitted to provide partial supports for interests on loans borrowed by organizations for investment in important projects such as those in industrial parks, environmental services, public sanitation, water drainage, etc.  

This Circular takes effect as from July 24.-

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