During the two-day seminar, jointly held by the World Bank, the
Ministry of Planning and Investment (MPI), and the Asian Development
Institute, participants share their experiences in mapping out
strategies that help countries improve public investment management.
According to the MPI, around 286 trillion VND was used for public
investment during the 2001-2005 period, accounting for 23 percent of the
total social investment. In the 2006-2010, the figure is estimated to
reach over 739 trillion VND or 24 percent of the total social
investment.
State capital for public projects and
programmes holds a large proportion so the effective management and use
of the source are very important and necessary.
Therefore, the Vietnamese government should have suitable measures and
policies to use the national capital source more effectively, the
ministry said.
Marin Rama, Acting Director of the
WB’s East Asia Development Department, said Vietnam is one of the
countries with a high public investment proportion, nearly 40 percent of
its total GDP.
However, he also pointed out
Vietnam ’s shortcomings in public investment management that should be
addressed in the coming time, including ineffective uses, insufficient
attention to regional development in the overall investment plan,
decentralisation and the overlapping of related laws such as the State
Budget Law, the Construction Law and the Bidding Law./.
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