Tags: public investment

Lawmakers look at supervision of economic restructuring

Lawmakers look at supervision of economic restructuring

The implementation of economic restructuring processes in public investment, State-owned enterprises and the banking system was the focus of the National Assembly (NA) Standing Committee's 31st session on October 1.

Standard needed for public debt assessment

Standard needed for public debt assessment

(VOV) -Vietnam has not yet built a standard to evaluate its public debt, said Dr. Nguyen Duc Kien, Vice Chairman of the National Assembly Committee for Economic Affairs.

State Audit targets economic restructuring activities

State Audit targets economic restructuring activities

The State Audit of Vietnam (SAV) will focus on auditing economic restructuring activities and the efficiency of public investment and assets this year, says Deputy State Auditor General Le Minh Khai.

How to tighten public investment?

How to tighten public investment?

(VOV) - Scattered public investment causes policymakers major headaches and costs major national economic losses. Resolving the issue is no easy task.

Public investment efficiency needs improving

Public investment efficiency needs improving

(VOV) - The public investment/GDP ratio has fallen from 31.1% in 2012 to 29.1% in 2013, a decline mirroring the 20.3% to 18.7% year-on-year slide in its State budget share.

NA passes 1992 Constitution amendments

NA passes 1992 Constitution amendments

(VOV) - With 97.59% of votes in favour, the National Assembly passed the amended 1992 Constitution at its plenary session in Hanoi on November 28.

Government proposes budget deficit rise

Government proposes budget deficit rise

(VOV) - The Government has proposed the National Assembly raise the 2013-14 budget deficits to 5.3% of GDP to meet development investment requirements and pay debts.

Improving public investment efficiency

Improving public investment efficiency

(VOV) -Reducing public and foreign debts to a level below the manageable threshold and ensuring national financial security demands enhancing the efficiency of public investment.

SOEs make up 70 percent of total bad debts

SOEs make up 70 percent of total bad debts

(VOV) - Bad debts owed by State-owned enterprises (SOEs) are currently estimated at VND200,000 billion (70 percent of the country’s total bad debts), with State groups and corporations accounting for around VND153,000 billion (53 percent).

NA approves the Law on the Sea

NA approves the Law on the Sea

Vietnam’s Law on the Sea was adopted by 495 out of 496 National Assembly (NA) deputies on June 21, accounting for 99.8 percent of the vote.

Public investment needs breakthroughs

Public investment needs breakthroughs

Breakthroughs are needed to improve the effectiveness of public investment by clarifying areas that require proper investment, assigning responsibility to relevant agencies, and ensuring financial transparency.

Restructuring public investment a must

Restructuring public investment a must

The Prime Minister has recently asked ministries, agencies and localities to tighten management of State capital sources in an effort to stop scattered investment and optimize the efficiency of State-funded projects.

PM resolves to speed up public investment reform

PM resolves to speed up public investment reform

The government is making every effort to restructure public investment to stop scattered investment and waste, Prime Minister Nguyen Tan Dung assured the National Assembly on November 25.