July 14, 2024

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Vietnam PM calls for efficiency in public investment

Vietnam PM calls for efficiency in public investment

A telegram issued by the Government Office in this regard requests economic operators to prepare reports assessing the status of payments in the first quarter, including the results, constraints, reasons for delays and possible solutions to improve performance in this period in the second half of the year.

According to the General Statistics Office, in the first five months of the year, public investment spending from the state budget was estimated at about $7.5 billion, equivalent to 26.6 percent of the annual target, and an increase of five percent over the same stage in 2023.

Meanwhile, government-run investments amounted to US$1.28 billion, a figure equivalent to 29.3 percent of the year’s plan, but a decrease of 2.6 percentage points year-on-year.

Experts believe that improving the efficiency of public investment will become a driving force for boosting aggregate demand for economic growth, as public capital allocation and disbursement remain slow. This will help boost private investment, improve the business climate and attract foreign investment in advanced technologies, said Pham Hong Chung, president of the National University of Economics, quoted by national media here.

Poem / mpm

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