Government approves 5-year investment boost

August 31, 2016 | 14:54

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Three mega programmes covering agricultural restructuring, fisheries and forestry development and disaster prevention have been allocated VND640 trillion (US$29 billion) in a five-year investment boost approved in a government resolution recently.

government approves 5-year investment boost hinh 0

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 VND42 trillion (US$2 billion) 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 VND9 trillion (US$414 million) to improve traffic safety, fire-fighting and crime prevention, including drug abuse.

The plan allocates VND27 trillion (US$1.2 billion) 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 VND282 trillion (US$13 billion) 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 VND5 trillion (US$225 million) and VND27 trillion (US$1.2 billion) 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 VND58.5 trillion (US$2.6 billion) for environmental protection, electricity supply to islands as well as rural and mountainous areas, and information technology development.

VNS

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