Minister stresses improving efficiency of public, foreign investment
Minister of Planning and Investment Nguyen Chi Dung stressed improving the efficiency of public and foreign investment during a Q&A session at the 14th National Assembly’s third plenum on June 14.
Minister of Planning and Investment Nguyen Chi Dung (Source: VNA)
Hanoi (VNA) – Minister of Planning and Investment NguyenChi Dung stressed improving the efficiency of public and foreign investmentduring a Q&A session at the 14th National Assembly’s ongoing thirdplenum in Hanoi on June 14.
Responding to concern over inefficient State capitalallocation, Dung said his ministry asked agencies and localities to continuefollowing policies on investment restructuring, seriously comply with legalregulations on public investment and improve planning quality forsocio-economic development.
Units concerned were required to strengthen audit,inspection and supervision of all stages, from screening to evaluating andapproving projects, ensuring that capital allocation suits realities, he said,adding that annual and five-year capital allocation is stipulated in the Law onPublic Investment, under which, the process is set more thorough with morerelevant agencies taking part.
He admitted that the ministry was slow in issuing documentsguiding the implementation of the law, leading to different understanding ofits terms.
According to Dung, slow disbursement impacted projects’efficiency due to big demand for capital.
The minister conceded that the ministry was still unresolvedto ask ministries, agencies and localities to seriously abide by the Law on PublicInvestment, the National Assembly’s resolutions and the government’sdirections.
Asked about solutions to environment pollution, tax evasion,transfer pricing and limited technology transfer in the foreign-investedsector, Dung underscored the importance of further attracting foreigninvestment due to limited State capital.
However, foreign capital inflows will be geared towardsprojects using eco-friendly technology, little natural resources and manpower,he said.
As scheduled, Minister Dung and other Cabinet members willcontinue to answer lawmakers’ questions on June 15 morning.-VNA
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Ha expressed his hope that cooperation in science and technology, agriculture, and natural resources would emerge as new focal points and engines of growth in Vietnam–China relations.
Giang said he believes that building on the solid foundation nurtured over the past half-century and the strong determination of both nations, the Comprehensive Strategic Partnership will continue to grow in a more robust, comprehensive, and extensive manner, thus bringing more practical benefits to the two nations' people.
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According to the Ministry of Public Security, Hoan, formerly Deputy Minister of Labour, Invalids and Social Affairs, is under investigation for allegedly taking bribes in connection with a case involving the Hoang Long Construction and Manpower Supply JSC and related units.
Chairing a national conference on the organisation of the examination on June 18, the PM highlighted the historical significance of the examination, as the restructuring of provincial-level administrative units is underway and the two-tier local administration model is set to officially begin operations on July 1.
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Vietnam and Indonesia reaffirmed their commitment to strengthening cooperation in combating terrorism as it remains a threat to peace, security, and stability across their respective nations, the broader region, and the international community.
The Vietnamese representative also emphasised the shared responsibility of relevant parties to build trust, enhance cooperation, and jointly manage the risks of conflict, thus safeguarding long-term peace and stability in the East Sea.
The National Assembly on June 18 passed the law amending and supplementing a number of articles of the Law on Product and Goods Quality, with 408 out of 420 participating deputies voting in favour, accounting for 85.36% of the total.
The Party leader asked the new HCM City to embrace a multi-centre and integrated urban ecosystem where each development pole functions as a link complementary to and intelligently connected with each other in a harmonious whole.
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Legislators are due to pass several amended laws, including the Law amending and supplementing several articles of the Law on Economical and Efficient Use of Energy, and the Law amending and supplementing several articles of the Law on Product and Goods Quality.
Vietnamese localities' readiness to implement the two-tier local administration model, the evacuation of 18 Vietnamese citizens from Iran, Petrovietnam's 11th ranking in the 2025 Fortune Southeast Asia 500 are among news highlights on June 17 evening.
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Restructuring and improving the quality of officials, civil servants, and public employees is no longer a choice, but an urgent requirement to transition from administrative management to governance in service of the people.
The Vietnamese Embassy in Israel has advised Vietnamese people living there to proactively prepare and seek ways to leave the country via land border crossings, especially toward Jordan or Egypt, when security and safety conditions allow.
Minister of Planning and Investment Nguyen Chi Dung (Source: VNA) 
