Proposal made to increase Thanh Hoa's loan balance

The Ministry of Planning and Investment (MPI) has proposed that northern Thanh Hoa province’s loan balance be increased to no more than 60 per cent of granted budget revenue. In order to ensure funds for major development projects in the province, Thanh Hoa can borrow through various forms, such as issuing local government bonds, loans from domestic financial institutions and other domestic organizations, and from the government’s foreign loans.