14TH NATIONAL CONGRESS OF THE COMMUNIST PARTY OF VIETNAM

Restructuring for Vietnam's economy more competitive

Thu Minh

Dec 13, 2016 / 03:00 PM

Prime Minister Nguyen Xuan Phuc has agreed for the adjustments of an investment plan for the project “The Restructuring for a More Competitive Vietnam” which uses non-refundable official development assistance (ODA) from the Australian Government.

Accordingly, the project's targets include studying impacts of economic restructuring on gender equality; examining policy on competitiveness and revising the Law on Competition; supervising the enforcement of the enteprise and investment laws, and the implementation of commitments to the European Union (EU) and the ASEAN Economic Community (AEC).

Illustrative image

The implementation of the project will be extended to June 30, 2017. Additional capital for the project will value at 522,000 AUD (around 391,233 USD), including 500,000 AUD (360,000 USD) in non-refundable ODA sourced from the Australian Government, and 490 million VND (21,662 USD) in counterpart capital of the Vietnamese Government.
The Prime Minister requested the Ministry of Planning and Investment to coordinate with the Ministry of Industry and Trade and the Ministry of Agriculture and Rural Development to carry out the adjustments in accordance with the project’s targets and regulations on the management and use of ODA capital.

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