VOV.VN - Vietnam has received international acclaim for its improved investment environment, becoming an attractive and safe destination for foreign investors, Minister of Planning and Investment Nguyen Chi Dung has affirmed.

Vietnam has become one of the world’s fastest growing economies since the country first opened up to foreign trade and investment more than three decades ago, with GDP last year being 12.5 times higher than in 2001.

Minister of Planning and Investment Nguyen Chi Dung urged localities on August 26 to not use Official Development Assistance (ODA) loans next year for projects where funding can be mobilised from the private sector or domestic sources.

Relevant agencies need to take drastic and concerted actions and quickly remove barriers and difficulties to speed up the disbursement of public investment, Minister of Planning and Investment Nguyen Chi Dung has said.

The Ministry of Planning and Investment (MPI) held a teleconference in Hanoi on July 28 to review its six-month performance and outline tasks for the remaining months of this year.