Vietnam's total development
investment is set to increase 12.3 percent from 2009 to VND791 trillion (US$41.4
billion) this year, a government official said Thursday.
The total investment will be
equal to 41 percent of the country's gross domestic product, Minister of
Planning and Investment Vo Hong Phuc said during a video conference on
Investment from the state
budget, government loans and bond proceeds will account for 30 percent of the
total number while the rest will come from foreign investors, local businesses
and other sources, he said.
Most of this year's government
bond proceeds will be allocated to infrastructure, healthcare and education
projects, Phuc said.
Prime Minister Nguyen Tan Dung
told the conference that infrastructure construction is a priority for the
country this year.
It's important that capital is
raised and used effectively so that the country can achieve its social and
economic development targets, he said.
Dung also asked the Ministry of
Natural Resources and Environment to work with cities and provinces to speed up
land clearance and support relocated residents.