Over 300 million USD slashed from public investment

Public investment has been cut by more than 5 trillion VND (over 300 million USD) as localities and State oganisations suspended some 1,600 projects, according to the Ministry of Planning and Investment (MPI).

The stop of unnecessary and ineffective public investment projects was one among inflation control measures the Government implemented in June, thus helping pull down the consumer price index to the lowest level within the past six months.

The ministry has sent 11 inspection missions to localities to review public investment projects and credit loans.