Public investment in Vietnam big, but efficiency low

Public investment has become a hot topic on economic forums, especially when nine delegations of officials on March 8 will start inspection tours to examine public investment projects in localities and economic groups, a part of the plan to curb inflation in 2011. Low investment efficiency The report by the Ministry of Planning and Investment [...]

Vietnam scales down public investment reform loans

Deputy Prime Minister Nguyen Sinh Hung on January 28 agreed to adjust down the size of the loan for a public investment reform project funded by the World Bank to $350million and 35million euro from previous estimation of $500millon. Deputy Prime Minister Nguyen Sinh Hung on January 28 agreed to adjust down the size of [...]

Ministry calls for less public investment

The Government should reduce public investment to 3.5 per cent of the GDP this year, the Ministry of Planning and Investment has said. The Thoi bao Kinh te Viet Nam (Viet Nam Economic Times) newspaper reports that the ministry has also said that State Budget spending should not exceed levels accepted by the National Assembly [...]

Vietnam listed among countries with highest public investment rate

Vietnam is listed among countries worldwide with the highest public investment rate which accounts for up to 10% of the national GDP, said Martin Rama, head of the World Bank’s East Asian Development Office. Rama made the statement at an international seminar in Hanoi on strengthening public investment management in Hanoi on September 8. Infrastructure [...]

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