Vietnam PM warns of punishment for sluggish public investment
The Vietnamese government remains steadfast in disbursing the full target amount of VND630 trillion (US$27.26 billion) to aid economic recovery.
The Vietnamese government remains steadfast in disbursing the full target amount of VND630 trillion (US$27.26 billion) to aid economic recovery.
During the first quarter, budget revenue collection reached VND391 trillion (US$16.75 billion), equivalent to 25.9% of the year's plan and up 1.8% year-on-year.
Accelerating public investment is one of Hanoi’s key economic solutions this year which would help the city to achieve its objectives, said Hanoi Party chief Vuong Dinh Hue.
Total capital expenditure in the 2016 – 2020 period would exceed the target of VND2,000 trillion (US$86.45 billion), accounting for 27 – 28% of total spending.