Update news public investment
The sluggish disbursement of public investment is attributable to the combination of three major factors.
The Presidential Office held a press conference in Hanoi on July 4 to announce the President’s order on the promulgation of seven laws which were adopted at the seventh session of the 14th National Assembly.
The draft revised law on public investment was at the focus of attention at the National Assembly during the morning of May 28, the 7th working day of the NA’s 7th session.
Some economists warn that the higher investment capital for national important projects may make it more difficult to manage public projects and lend a hand to unnecessary use of state funds.
Vietnam is still under big pressure to call for capital for domestic debt swap, with 50 percent of domestic debts expected to reach maturity in the next three years, according to the World Bank.
VietNamNet Bridge - Many bidding documents require tenderers to provide import products, even if the products can be made domestically.
Fort Hood Col. Viet Xuan Luong became the first Vietnamese American to be made a general in US history in an August 6 ceremony at Cooper Field at Fort Hood, attracting Austin police and members of the local Vietnamese community.
VietNamNet Bridge – Nguyen Quang Thai, a professor at the Viet Nam Economics Science Association, told newspaper Dai doan ket (Great National Unity) about the progress made towards restructuring public investment.