The government’s determination is to cut public investment by 80 trillion dong in 2011, accounting for 9-10% of total social investment capital, the government said in its website. According to data of Ministry of Industry and Trade, from the government’s Resolution No 11/NQ-CP being issued (February 24, 2011) till the end of May, municipal agencies [...]
Regardless of the Vietnamese government’s measures on cutting down public investments in an effort to curb inflation, the actual results on public investment are raising many challenges. According to the latest figure from the General Statistics Office (GSO), the total actual amount of capital from the state budget for development and investment was estimated at [...]
Improving the efficiency of public investment by strengthening the four stages of investment cycle –project selection, project implementation, financial management and oversight – is the focus of a US$ 350 million operation from the WB to Vietnam As The World Bank announces, improving the efficiency of public investment by strengthening the four stages of investment [...]
Vietnam will slash 10 percent, or 97 trillion dong (US$4.7 billion), of development investment this year, the Ministry of Planning and Investment said. Nearly half of the cutback, 46.89 trillion dong, comes from revoking, delaying or scaling down new and ineffective investment projects, compared to 37 trillion dong in cutbacks last year. Major state-owned enterprises [...]
Vietnam planned to cut roughly VND97 trillion social investments and development capital or 10% total estimated investment capital in 2011 Vietnam planned to cut roughly VND97 trillion social investments and development capital or 10% total estimated investment capital in 2011, the local newspaper Vietnam Investment Review reported on April 28, citing the Ministry of Planning [...]
Minister and Chair of the government Office Nguyen Xuan Phuc while speaking at the periodical government meeting said that implementing all the measures to control inflation, stabilise macroeconomic situation, ensuring social life in Resolution 11 has brought back more positive achievements. Specifically, ministries, cities and provinces have started to save public expenditure by 10 percent [...]
Subscribe via Email 
Subscribe in a Reader 
Follow us on Twitter 
Connect on Facebook
China Business News