SPEND 20-25% TOTAL STATE BUDGET FOR DEVELOPMENT INVESTMENT
This is the scheme of the overall economy restructure scheme attached to the growth model transfer towards the improvement of quality, effectiveness and competition capacity in the 2013 – 2020 period issued attached with the Decision No. 339/QD-TTg dated February 19, 2013.
In particular, focus is public investment for restructuring investment, to maintain a rational proportion of state investment, of about 35% - 40% total social investment; annually gradually increase thrift from the State budget for investment, spend 20% - 25% of total budget expenditure on development investment. To renew basically mechanism of capital allocation and use management, to overcome investments which are spread, dispersed and wasteful, increase effectiveness of state investment. Besides, to mobilize rationally resources for development investment to ensure total social investment of about 30% - 35% GDP, maintain the big balances of economy at a rational level such as: Thrift, investment and consumption, the State budget, trade balance, international payment balance, public debts and foreign debts of nation.
To improve role, position of credit institutions of Vietnam in governing and leading market, ensure that state commercial banks and commercial banks in which state holds dominant shares actually are an key and principal force in system of credit institutions. To strive by 2015 for forming at least from one to two state commercial banks or commercial banks in which state holds dominant shares which meet regional qualification on scope, administration, technology and competition.
This Decision takes effect on the signing date.
