Measures to improve the efficiency of public investment were among issues mentioned by Minister of Planning and Investment Nguyen Chi Dung at the Q&A session on November 16 of the 14th National Assembly (NA)’s ongoing fourth session.
Minister of Planning and Investment Nguyen Chi Dung at the Q&A session on November 16 of the 14th National Assembly (NA)’s ongoing fourth session. (Photo: VNA)
Hanoi (VNA) – Measures to improve the efficiency of publicinvestment were among issues mentioned by Minister of Planning and InvestmentNguyen Chi Dung at the Q&A session on November 16 of the 14th National Assembly (NA)’s ongoing fourth session.
Dung said that thanks to the Law on Public Investment which set forth strictermanagement and allocation of central and local budget, the number of investmentprojects dropped from 20,000 during the 2011-2015 period to 1,000 in 2016-2020.
Accumulative capital borrowed to perform investment projects in previous stageswill be handled completely during the 2016-2020 period, he said.
The minister blamed low efficiency of public investment on the complicated andtime-consuming process of land clearance, bidding and compensation for landclearance, which result in higher costs.
To improve the efficiency of public investment, the Government has submitted tothe NA for consideration and promulgation of a public investment restructuring plan,Dung said.
In addition, the Government also assignedthe Ministry of Planning and Investment to review shortcomings in the implementationof the Law on Public Investment to submit to the NA for amendments andsupplements to ensure tighter management and greater efficiency of publicinvestment as well as simplified procedures for investors, the ministerstressed.-VNA
Vice Chairman of the National Assembly Phung Quoc Hien has advised caution in amending the Law on Public Investment, saying that adjustments are necessary but must not be made hastily, lest the legal system be disrupted.
Prime Minister Nguyen Xuan Phuc was worried about the slow disbursement of public investment capital while chairing the government’s regular meeting in Hanoi on October 3.
Lawmakers continued their discussions on the implementation of the socio-economic development plan and state budget in 2017, as well as orientations and measures for 2018 on November 1 as part of the ongoing fourth sitting of the 14th National Assembly.
Ho Chi Minh City plans to put projects under the Build-Transfer (BT) investment model under more scrutiny by auctioning land instead of offering it in exchange for infrastructure.
Minister of Finance Dinh Tien Dung pointed out shortcomings in public debt management and put forth solutions to overcome in the coming time while answering questions raised by lawmakers at the fourth session of the 14th National Assembly in Hanoi on November 16.
China’s Laoling city, in coordination with VINEXAD, hosted a series of events in Ho Chi Minh City from August 7-9 to seek trade and economic cooperation with Vietnam.
Vietnamese Ambassador to Cambodia Nguyen Minh Vu led a delegation to Mondulkiri, Ratanakiri, and Kratie provinces from August 5-8, aiming to deepen economic ties and support Vietnamese businesses operating in Cambodia’s northeastern region.
Party General Secretary To Lam’s upcoming state visit to the Republic of Korea (RoK) is expected to mark a new milestone in the bilateral relationship, creating fresh momentum for trade and investment cooperation between the two countries.
In the context of the growing global digital economy, digital transformation and the promotion of e-commerce are key drivers helping Vietnam boost integration, enhance competitiveness, and expand export markets, according to the Vietnam E-commerce and Digital Economy Agency
Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
Minister of Planning and Investment Nguyen Chi Dung at the Q&A session on November 16 of the 14th National Assembly (NA)’s ongoing fourth session. (Photo: VNA) 
