The plan on mid-term public investment for 2016-2020 was among the topics put on the table during group discussions as part of the 14 th National Assembly’s second meeting on October 22 afternoon.
Deputy Prime Minister Vuong Dinh Hue ordered the restructuring of capital sources in the medium-term public investment plan in 2016-2020 at a recent meeting in Hanoi.
VOV.VN -The domestic sector has lost the local and export forestry markets to the foreign sector, Huynh Van Hanh, general director of the Handicraft and Wood Industry Association of Ho Chi Minh City has said.
The International Monetary Fund has warned Vietnam’s government about a growing budget deficit and public debt, largely due to a big rise in recurrent expenditure and ineffective usage of public investment.
It is expected that large amounts of money will be pumped into circulation to obtain the ambitious target of 6.7% GDP growth rate. This has raised the fear that hot growth will bring high inflation back.
The Ho Chi Minh City Transport Department and the State-owned Ho Chi Minh City Financial Investment Company (HFIC) signed a set of rules to jointly mobilise capital for urban development.
Ministries, sectors and localities have together disbursed over VND83 trillion (US$3.73 billion) of public investment capital so far this year, completing 33.14% of the disbursement plan in 2016, heard a meeting in Hanoi on June 21.
The Prime Minister has asked ministries, agencies, municipal and provincial authorities to submit reports on the disbursement of public investment this year.
Vietnam’s economic growth is forecast to expand 6.17 percent in the second quarter of this year, said the Central Institute for Economic Management (CIEM).
Local and international experts on May 10 met in Hanoi to discuss enhancing the effectiveness of public investment and measures to minimise risks in the public-private partnership (PPP) model.
The role of the State in investment activities has been spotlighted at a conference in Hanoi on April 12.
The 12th Party Central Committee’s second plenum from March 10-12 accomplished the items on its agenda and made decisions on important issues, the Committee said in its announcement on the plenum.
(VOV) - Investment in public infrastructure must be substantially increased to ensure the nation’s future socio-economic development plans as outlined by the National Assembly, said speakers at a seminar late last month in Hanoi.
Public investment restructuring is still sluggish and has not focused on measures improving investment effectiveness, many experts pointed out at a seminar in Hanoi on November 24.
The Mekong city of Can Tho is striving to mobilise VND280-300 trillion (US$12.45-13.34 billion) from 2016-2020 to invest in its socio-economic infrastructure.
The economic situation of the first half of 2015 and relevant growth measures were discussed during a conference hosted by the Central Institute for Economic Management (CIEM) in Hanoi on July 29.
Economic reforms aim to broaden choices for residents, said Vo Tri Thanh, Vice Director of the Central Institute for Economic Management (CIEM) at a conference evaluating achievements and challenges for the Vietnamese economy held in Hanoi on June 23.
The Vietnamese economy is forecast to increase moderately at 6.1%-6.2% due to to improving exports, investments and household purchasing demand.
The State Bank of Vietnam (SBV) has been requested to continue implementing flexible monetary policies in close association with fiscal policy in order to ensure macro-economic stability, support production development, and boost economic growth.
(VOV) -Under the title “Vietnam sets economic targets for 2015” Italy’s sudestasiatico.com ran an in-deep article on Vietnam’s remarkable economic growth despites numerous difficulties, including bad debt.