Prime Minister Nguyen Tan Dung has emphasised the need for the planning and investment sector to urgently make a socio-economic development plan for the 2016-2020 period.

Speaking at a national conference of the sector in central Da Nang city on August 7, PM Dung stated that the building of the plan at central and local levels must be conducted in an urgent and serious manner on the basis of the platform for national construction during the transitional period and the 2011-2020 socio-economic development strategy adopted by the 11^th National Party Congress as well as the Party Central Committee’s resolutions and the Prime Minister’s decrees on building plans for the period.

Photo: VNA

The plan should continue speeding up the implementation of three breakthroughs set in the 2011-2020 strategy on perfecting the socialist-oriented market economy institution, developing human resources and building a synchronous infrastructure system, he said.

In the context of unpredictable regional and global developments, the PM stressed the need to focus on analysing and forecasting the situation in order to make the plan feasible.

According to Dung, over the past time, the country has built and implemented mid-term public investment plans, bringing in initial positive results.

Based on the achieved outcomes, he urged the continued implementation of such plans for the 2016-2020 period, especially when the National Assembly approved the Law on Public Investment.

The mid-term public investment plans must be carried out at all levels to ensure more effective public investment and avoid scattered investment and cumbersome administrative procedures, he said.

It is also necessary to have mid-term plans for capital resources such as central and local budgets, Government and local bonds, official development assistance (ODA) and preferential loans, he added.

The conference is scheduled to run until August 8, during which participants will be updated on the Law on Public Investment and the revised Bidding Law.

(Source: VNA)