Vietnam to cancel 1,500 unnecessary public projects

25/05/2021 15:32 18

Vietnam to cancel 1,500 unnecessary public projects

Vietnam will trim the list of public projects to around 5,000 after cutting at least 1,500 deemed unnecessary and ineffective. -

This will improve investment efficiency, officials say. So far, around 1,050 projects have been cut from the country’s investment plan for the 2021-2025 period, according to the Ministry of Planning and Investment.

PM Chinh also said that he is considering a mechanism for state investment to account for around half the funds needed for expressway projects in the 2021-2025 period, sourcing the rest from other investors.

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