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Submitted by ctv_en_1 on Tue, 06/13/2006 - 09:00
Vietnam is striving to mobilise US$140 billion during 2006-2010 to fulfill its target of achieving an annual economic growth rate of 7.5 percent or higher, said a senior official of the Ministry of Planning and Investment (MPI) on June 12.

MPI Deputy Minister Cao Viet Sinh was speaking at the Conference on Public-Private Partnerships (PPPs) in Provision of Essential Infrastructure Services for the Poor in Vietnam, organised by the MPI and the Asian Development Bank (ADB).

Mr Sinh said that 65 percent of the capital is projected to come from domestic sources and the remainder from foreign sources. The public sector will receive 45 percent of the fund and the private sector, 55 percent, while this ratio five years ago was 51 and 48 percent, respectively.

The private sector will play an important role in economic development after 2010, when Vietnam escapes from the group of low-income countries provided that it maintains a high economic growth rate of more than 8 percent.

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