Addressing a national conference, he described public investment as a key macroeconomic management tool and a major driver of double-digit economic growth, modern and synchronized infrastructure development, and the creation of new space for national development.
“It is essential to establish disbursement plans for each project, promptly reallocate funds to projects with strong implementation capacity and additional capital needs, and proactively inspect worksites to resolve bottlenecks as they arise. Weaknesses must be identified at every stage, project and locality in order to implement timely solutions,” the PM said.
PM Hung requested the swift submission to the National Assembly’s second session of a draft law consolidating the Law on Public Investment and the State Budget Law, along with amendments to the Bidding Law.
He also stressed the need to accelerate administrative reform in public investment toward a leaner and more transparent system, shortening project preparation and implementation time while reducing compliance costs for stakeholders.
