Minister of Planning and Investment Nguyen Chi Dung answered NA deputies’ questions on June 14 (Photo: quochoi.vn)

Responding to concern over the management of State capital, Mr. Dung said the promulgation of the Law on Public Investment with stricter regulations, from selecting to evaluating and approving projects has raised the efficiency of capital management: “Strict capital management is required in investment projects in all stages: from planning, investment plans, building and implementing projects, auditing, and completing projects for delivery. Investment capital needs to be planned, managed, and allocated properly. It is essential to assure transparency among sectors, areas, and localities”.

In order to attract more public-private partnership projects to mobilize more resources for economic development, Minister Dung said procedures for Public-Private-Partnership projects are facing problems and the Ministry of Planning and Investment is asking government to revise Decree 15: “There is still a big gap in investment attraction between localities due to their unequal competitiveness advantages. It is essential to invest more in infrastructure, especially transportation, as well as train human resources to meet the increasing demand”.

At the Q&A session on Thursday, Deputy Prime Minister Vuong Dinh Hue said the government’s slow capital disbursement has negatively affected economic growth. Mr. Hue said the government will take measures to accelerate public investment disbursement: “The government will continue to examine and revise regulations to enhance principles and raise responsibility of managers, and project managing board. It is necessary to check for any inadequacy in documents on public investment. Improper management leading to slow public investment disbursement will be strictly punished”.