Improved public investment management is among the key 2015 tasks not only for the Ministry of Planning and Investment (MPI), but also for other agencies and localities, stated Minister of Planning and Investment Bui Quang Vinh.
Views must universally shift from short-term vision to long-term strategies, Vinh said to the media recently.
In 2015, Vietnamese enterprises are expected to face greater challenges, including fiercer competition as a result of the formation of the ASEAN Economic Community and the implementation of other international integration commitments, he said.
To that end, the ministry will continue assisting and strengthening support to businesses, especially in building and promoting their trademarks with a focus on private firms, said the official.
He also stressed that enterprises should take the initiative in improving connections, boosting the development of the support industry, and updating their technology.
He predicted that the number of companies ceasing operations or filing for bankruptcy will be lower than that of 2014.
Vinh reiterated that reforming the economic institutions is an ongoing necessity. Vietnam is in the process of building and completing legal frameworks in line with international best practices, thus creating favourable conditions for stable enterprise operations.
He emphasised the need to mobilise resources for the renovation of growth models based on innovation, advanced technology, and high labour productivity.
The official also revealed that a decree on public-private partnership (PPP) investment model will shortly be announced, providing favourable conditions for the private sector to engage more deeply in the country’s growth process.
Currently, the Government is working to complete a list of projects calling for investment in PPP form, to be made public soon, he added.-VNA
Views must universally shift from short-term vision to long-term strategies, Vinh said to the media recently.
In 2015, Vietnamese enterprises are expected to face greater challenges, including fiercer competition as a result of the formation of the ASEAN Economic Community and the implementation of other international integration commitments, he said.
To that end, the ministry will continue assisting and strengthening support to businesses, especially in building and promoting their trademarks with a focus on private firms, said the official.
He also stressed that enterprises should take the initiative in improving connections, boosting the development of the support industry, and updating their technology.
He predicted that the number of companies ceasing operations or filing for bankruptcy will be lower than that of 2014.
Vinh reiterated that reforming the economic institutions is an ongoing necessity. Vietnam is in the process of building and completing legal frameworks in line with international best practices, thus creating favourable conditions for stable enterprise operations.
He emphasised the need to mobilise resources for the renovation of growth models based on innovation, advanced technology, and high labour productivity.
The official also revealed that a decree on public-private partnership (PPP) investment model will shortly be announced, providing favourable conditions for the private sector to engage more deeply in the country’s growth process.
Currently, the Government is working to complete a list of projects calling for investment in PPP form, to be made public soon, he added.-VNA
