Cabinet approves 5-year investment boostVietNamNet Bridge – Three mega programmes covering agricultural restructuring, fisheries and forestry development and disaster prevention have been allocated VND640 trillion (US$29 billion) in a five-year investment boost approved by the cabinet on Tuesday, Aug 30. The resolution passed covers investment plans for 21 targeted programmes during the 2016-2020 period. The Ministry of Public Security will manage an investment of VND9 trillion ($414 million) to improve traffic safety, fire-fighting and crime prevention, including drug abuse. The cabinet meeting also discussed amendments and supplements to trade and investment laws, and to laws supporting small and medium enterprises. The State Capital Investment Corporation (SCIC), is now managing the State’s holdings in the SOEs such as Vinamilk on behalf of the government.

Source: VietNamNet News September 02, 2016 01:07 UTC