Deputy PM Tran Hong Ha emphasized the need to revise investment procedures governed by the Investment Law, including auction processes, bidding, and investor selection and recommended these be included in future legislative amendments.
According to the draft law, there are 18 administrative procedures, including 9 existing ones, while 6 others have been eliminated, representing a 40% reduction compared to current regulations.
At a meeting on September 22, Prime Minister Pham Minh Chính emphasized that the state should do what the private sector cannot, and should not do what the private sector can do and does better.
The disbursed volume of public investment in January-August period was estimated to reach 46.3 per cent of this year's plan, according to an official dispatch issued by Prime Minh Chinh on September 21.
The Van Canh Binh Dinh Wind Power Plant project, to be invested by Nexif Ratch Energy from Singapore, with a total investment of over VND 5,700 billion (nearly $216 million), expected to be completed and operational from 2028…