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Local authoritieVietnam learns US experience in public investment managements play an important role in providing public services and creating a favourable environment for the private sector to boost economic growth, said US economist Jean Christopher Charlier.

Charlier made the comment at a seminar held in the northern province of Ninh Binh on September 20 by the Ministry of Planning and Investment (PMI) to gather opinions for the Government’s draft decree on mid-term investment plan.

Charlier said that the US and other developed countries concentrate on three key factors in public investment, including politics, administration and financial management.

He stressed the need to increase transparency in the national economy and identify responsibility of organizations and individuals.

Regarding PPP, PMI official Tran Thanh Long said that from 1990 to 2009 more than 1,300 PPP contracts, worth over 5 million Euro each, were signed in the European Union (EU). This investment model makes a positive impact on promoting public services, increasing investment sources and preventing over-spending of State budget.

Participants focused their discussions on mid-term spending proposal, State management of public investment projects, public-private partnership (PPP), and the Research Triangle Park (RTP) in North Carolina, the US.

Most of them agreed on the Government’s draft decree on mid-term investment plans. However, they said, it is necessary to clarify the purpose of State investment restructuring and increase inspection work at national level.

(VOV)

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