Vietnam pushes for faster pace of public projects - News Summed Up

Vietnam pushes for faster pace of public projects


Photo: VNAThe government has ordered its agencies to speed up public projects to boost economic growth, which has been slowing down amid the below-par performance of some key sectors. Figures from the Ministry of Planning and Investment showed that around VND81.8 trillion (US$3.66 billion) were spent on public projects in the first five months, or just 32.6 percent of the target. A file photo of the construction site of a river embankment in the Mekong Delta Province of Vinh Long. The government's resolution was issued a few days after Prime Minister Nguyen Xuan Phuc partly blamed the slow progress of public projects for causing the economy to slow down at a meeting with several ministries last week. Projects that are behind schedule should have their funding cut off this year, it said.


Source: Thanhnien News July 12, 2016 03:11 UTC



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