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Ministry of Planning and Investment tables estimate for 2016-2020 period.
Minister of Planning and Investment Bui Quang Vinh has said that the total medium-term development investment demand for the 2016-2020 period has been estimated at VND4,000 trillion ($179 billion).
The estimate is 20.5 times higher than for the previous period and more than double State budget capacity for the period.
The ministry is currently reviewing the list of projects to be funded by the State budget in the 2016-2020 period before submitting it to the National Assembly for approval, the Vietnam Law & Legal Forum magazine reported.
Minister Vinh affirmed that medium-term investment will be allocated to completed and commissioned projects that have not yet fully received investment capital and those expected to be completed on schedule in the planning period.
Medium-term investment capital would also be used as domestic counterpart funds for projects funded with official development assistance (ODA) and soft loans from foreign donors and as the State’s investment in projects to be implemented in the form of public-private partnerships (PPP), he added.