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VietNamNews

Ministry plans to check on public investments

Update: January, 05/2012 - 09:59

HCM CITY — The Ministry of Planning and Investment will conduct a comprehensive examination of public investment projects this year, with a focus on State-budget management and bond use.

The inspection is part of a 2012 examination plan formulated under a decision made by the ministry to check on the progress of implementation of the Prime Minister's instruction 1792/CT-TTg, which strengthens control of State budget and bond use.

The ministry will also check on plans to develop State budget funds for 2012 and State bonds for the 2012-15 period. Inspection will take place in 33 cities and provinces.

The ministry will examine State-budget management of investment and development between 2009 and 2011 in the northern provinces of Lang Son, Lai Chau and Vinh Phuc as well as the Central Highlands province of Gia Lai and the southern provinces of An Giang and Long An.

State management of tourist real-estate project implementation in southern Ba Ria-Vung Tau Province and projects contracted under the forms of BT, BOT and BTO (Build-Transfer, Build-Own-Transfer, and Build-Transfer-Own, respectively) in southern Binh Duong Province will also be investigated.

Two public investment projects on Ham Luong Bridge in the Mekong River Delta province of Ben Tre and the upgrade of Highways 10 and 21 in northern Nam Dinh Province will be inspected this year as well, according to the plan.

MPI's inspection teams plan to conduct comprehensive investigations of investment, contract bids and implementation of the PM's instructions in State-run bodies nationwide.

Investments of a number of key corporations, such as Viet Nam Coffee, Viet Nam Television and the Irrigation Support Project in Central Region (ADB4) loaned by the Asian Development Bank, will be investigated thoroughly.

The Viet Nam Cement Corporation's contract bidding will be looked at closely as well.

The MPI will also inspect national target programmes in many cities and provinces nationwide.

In addition, businesses with direct foreign investment in the fields of education and training, healthcare and pharmacy will be inspected.

The ministry will also check adherence to laws that cover overseas investments of companies in Ha Noi and HCM City as well as Central Highlands Dac Lac and Gia Lai provinces.

It will inspect investment projects under the management of ministries and sectors, including those that provide medicine in northern mountainous provinces using World Bank loans. . — VNS

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