Government approves 5-year investment boost


Hanoi (VNA) – Three mega programmes covering agricultural restructuring, fisheries and forestry development and disaster prevention have been allocated 640 trillion VND (29 billion USD) in a five-year investment boost approved in a government resolution recently.

The three programmes fall under the purview of the Ministry of Agriculture and Rural Development.

The government resolution covers investment plans for 21 targeted programmes during the 2016-2020 period.

Other major allocations in the plan include 42 trillion VND (2 billion USD) to the Ministry of Health for developing public health care programmes at the grassroots level.

The Ministry of Public Security will manage an investment of 9 trillion VND (414 million USD) to improve traffic safety, fire-fighting and crime prevention, including drug abuse.

The plan allocates 27 trillion VND (1.2 billion USD) to the Ministry of National Defence for developing the national defence industry and the Ministry of Investment and Planning will manage four programmes worth nearly 282 trillion VND (13 billion USD) to develop coastal infrastructure, high-tech industrial zones and border economic zones.

The development of education in remote and mountain areas as well as a programme to promote vocational training and labour safety nation-wide have been allocated around 5 trillion VND (225 million USD) and 27 trillion VND (1.2 billion USD) respectively. These projects will be managed by the ministries of Education and Training (MoET) and Labour, Invalids and Social Affairs (MoLISA).

Others ministries including the Ministry of Natural Resources and Environment; Information and Communication, and Trade and Industry will manage a total investment worth about 58.5 trillion VND (2.6 billion USD) for environmental protection, electricity supply to islands as well as rural and mountainous areas, and information technology development.

Source: VNA

Photo: CBR Investment AG