Deputy Minister of Planning and Investment, Cao Viet Sinh, said that there will be a reduction in the level of investment in those projects which have not yet received investment license or have been delayed. Investment priority will be given to projects which are expected to complete in 2011 and 2012.

Mr Sinh added that businesses are not allowed to get 30 percent of investment capital in advance as in previous years.

At present, about VND8,000 billion from bonds in 2009 and VND20,000 billion from last year’s investment sources have not yet been disbursed. This amount is not allowed to be transferred to 2011. As a result, this year’s investment in projects will see a sharp decrease requiring chief investors to make planning adjustments.