Investment in key infrastructure projects should be a priority in the next five years to give strong boost to socio-economic development, said Prime Minister Nguyen Xuan Phuc.

PM Nguyen Xuan Phuc at the meetiong on allocation of
medium-term investment plan in the next five years

The Government chief made the statement at a meeting held on Thursday to discuss orientations for allocation of public investment capital in 2021-2025 period.

Total public investment for the next five years is VND 2.75 quadrillion (US$ 119 billion), including VND 1.38 quadrillion of central budget and VND 1.37 quadrillion of local budget. 

Phuc also tasked ministries, agencies, and localities to mobilize other investment capital sources, including from foreign donors and private sector, for infrastructure development. 

The Ministry of Planning and Investment was tasked to finalize public investment plan and submit to the PM before March 20./.