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Implementing the decision of PM in rearranging the investment and development plan in 2008 with the aim to curb inflation, Ministry of Planning and Investment reported inspecting results of projects using the State budget, which will be delayed in the year of 2008. Accordingly, total 1968 projects with value of nearly 6,000 billion VND, equal to 8% of 2008 plan. At provincial level, 1884 projects will be pended with the total capital of 5,662 billion VND.
According to the inspection results at 15 groups and General Corporations , almost also have to reduce or delay starting works, extend the progress of 1,300 projects valued 29,0000 billion VND. In short, total ministries, government agencies, provinces, groups and General corporations have reduced and extended the progress of 2,971 projects, therefore more than 35,000 billion VND savings will be used to arrange capitals for more urgent and effective projects. It can takes into account that almost all pending projects are newly started projects, not the currently working ones, so the loss of capital is very little. Besides, together with 6,000 billion VND savings as mentioned above, there are more 10,000 billion VND gained from selling government bonds. Those will be a big amount to contribute to the curbing inflation and economy recovery process.
Despite the initial satisfactory results, there still have some difficulties in capital usage as well as inefficient investment. Therefore, after considering carefully the results, Ministry of Planning and Investment will continue guiding and arranging the investment plans in 2008, at the same time strictly control the newly building of departments, entertainment centers, financial and banking centers.
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