VN five-year economic plan to focus on non-state sector
Minister of Planning and Investment Nguyen Chi Dung spoke to Thoi bao Kinh te Viet Nam (Viet Nam Economic Times) about the five-year economic restructuring plan. Is it feasible to raise two thirds of the capital resources required in the next five years (2016-2020) for economic restructuring from the public? Viet Nam needs about VND10,570 trillion, or some US$480 billion, to implement the plan. It is estimated that one third will come from the State budget while the remaining will be mobilised from other sources. Soon we will come up with a detailed financial plan, for example for public investment in the coming five years, $96 billion will be disbursed from the State budget. We foresee that in the next five years, mobilising additional money from the State will be very difficult as our budget is already very tight. So the only possible solution is to mobilise capital resources from non-state sectors. In my opinion, two sectors in which we should invest State budgets are credit institutions and State-owned enterprises. These are the driving force for our national economic development, particularly for our infrastructure development.
