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Official Gazette

Saturday, July 4, 2020

Medium-term public investment for 2016-20 estimated

Updated: 09:00’ - 23/03/2016
MPI Minister Bui Quang Vinh has said the total medium-term development investment demand for the 2016-2020 period was estimated at VND 4,000 trillion, 20.5 times higher than the previous period and more than twice as higher than the state budget capability in this period.

Dong Nai General Hospital, one of the first projects in the form of public-private partnership in the country__Photo: VNA

The ministry is currently reviewing the list of projects funded by the state budget in the 2016-2020 period before submitting it to the National Assembly for approval.

The MPI minister affirmed that medium-term investment will be allocated to completed and commissioned projects that have not yet fully received investment capital and those expected to be completed on schedule in the planning period. In the priority order, medium-term investment capital would also be used as domestic counterpart funds for projects funded with official development assistance (ODA) and soft loans from foreign donors and as the State’s investment in projects to be implemented in the form of public-private partnership (PPP), he added.- (VLLF)

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