Planning and investment sector urged to better performance

Vice President Nguyen Thi Doan (Source :VNA)

Hanoi (VNA) – Vice President Nguyen Thi Doan has asked the planning and investment sector to ceaselessly improve its role as an advisor to the Party and State leaders on the country’s socio-economic development strategies.

Speaking at a ceremony to mark the sector’s 70 th founding anniversary in Hanoi on December 9, the Vice President praised its significant contributions to the country’s development, renovation and integration. 

The sector has taken many initiatives in managing public investment to solve scattered investment and public debt in investment, improve the efficiency of investment and draw official development assistance (ODA) sources, she said.

Doan urged the sector to increase its management and use of investment capital in an economical, transparent and effective manner, thus avoiding wastefulness and loss. 

According to Minister of Planning and Investment Bui Quang Vinh, his agency has given advice to the Government on many important policies for the reform process of State-owned businesses, while making contributions to building and perfecting legal documents on assisting enterprises.

The country’s policy to attract foreign direct investment (FDI) plays a crucial role in removing economic blockade and embargo, as well as in luring external resources to serve its socio-economic development, thus fostering the nation’s regional and global integration, Vinh noted. 

Vietnam lured 98 billion USD of FDI and 30 billion USD of ODA in the 2011-2015 period, with respective disbursed values hitting nearly 60 billion USD and 23 billion USD. The resources have contributed to creating impetus and foundation for Vietnam’s economic growth and development./.