Prime Minister: increasing public investment efficiency
(VOVworld) – A national online conference was held on Tuesday to review the 3-year implementation of a party resolution on infrastructure development to develop Vietnam into an industrialized nation by 2020.
Chairing the meeting, Prime Minister Nguyen Tan Dung said the efficiency of public investments has improved, helping to boost socio-economic development and ensure national defense and security. He said, however, that there remained a number of shortcomings and limitations: “There have been improvements in Vietnam’s laws and institutions but some obstacles still remain. Institutions should continue to be refined and administrative procedures simplified in order to mobilize more social investment. Improving the use of public investments and ensuring the quality of public facilities is the best way to fine-tune our institutions.”
Prime Minister Dung asked the Ministry of Planning and Investment to calculate public investments over the next 5 years from the state budget, government bonds, and ODA in order to make medium-term plans. He also asked the ministries and localities to strengthen their management of public investments.