The National Assembly passed the Law amending and supplementing a number of articles of the Law on Public Debt Management.

On the afternoon of December 10th, under the chairmanship of National Assembly Chairman Tran Thanh Man and the direction of National Assembly Vice Chairman Nguyen Duc Hai, the National Assembly voted to approve the Law amending and supplementing a number of articles of the Law on Public Debt Management with 432 out of 433 attending delegates voting in favor, achieving 99.76%.

The amended law supplements Article 12 regarding the duties and powers of the President, which includes: Deciding on the negotiation, signing, ratification, amendment, extension, and termination of international treaties on ODA loans and preferential foreign loans in the name of the State; requesting the Government to report on the public debt situation and public debt safety indicators; and negotiating, signing, and ratifying international treaties on ODA loans and preferential foreign loans in the name of the State when necessary…

Deputy Speaker of the National Assembly Nguyen Duc Hai presides over the session. Photo: Pham Thang

The law comes into force from January 1, 2026.

For programs and projects whose proposals or investment policies were approved before the effective date of this Law, the loan proposal procedure is not required; however, if there are changes to the content regarding an increase in the loan value after the effective date of this Law, the loan proposal procedure as prescribed in Clause 9, Article 1 of this Law must be followed.

For programs and projects applying special mechanisms on public debt according to the National Assembly's Resolution, ministries, central agencies, provincial People's Committees, and state-owned enterprises may choose to continue applying the issued Resolution or the provisions of this Law.

The National Assembly voted to pass the Law amending and supplementing a number of articles of the Law on Public Debt Management with 432 out of 433 attending delegates voting in favor. Photo: Pham Thang

For international treaties, ODA loan agreements, and preferential foreign loans for which the proposing agency has submitted dossiers to the competent authority for negotiation, signing, ratification, approval of amendments, supplements, or extensions before the effective date of this Law, the provisions of the Law on Public Debt Management No. 20/2017/QH14 shall continue to apply.

Programs and projects for which the Prime Minister approved the financial mechanisms and relending conditions before the effective date of this Law shall continue to be implemented according to the approved mechanisms.

Source: https://daibieunhandan.vn/quoc-hoi-thong-qua-luat-sua-doi-bo-sung-mot-so-dieu-cua-luat-quan-ly-no-cong-10399978.html