VN cuts VND 45,000 bln in public investment
VGP – Việt Nam has cut around VND 45,000 billion in public investment since the introduction of the Government’s Resolution No. 11/NQ-CP dated February 24, reported the Ministry of Planning and Investment (MPI).
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Of the above figure, ministries, sectors and localities have cut or reallocated VND 5,556.4 billion in 2,048 projects.
Meanwhile, State-owned enterprises (SOEs) have reviewed and delayed the implementation of 907 projects with total investment of VND 39,212.2 billion. Most of the SOEs’ delayed projects are non-production items.
The spirit of the Resolution No. 11/NQ-CP should be strictly followed to realize the preset target of reducing 9-10% public investment, said the MPI.
By Hải Minh