Summary report of Phu Yen Provincial People’s Committee on the implementation of the medium-term public investment plan for the period 2016-2020. It is clear that the implementation of the medium-term public investment plan in the province has achieved outstanding results.

In which, Phu Yen has actively reviewed and reduced projects that are not really necessary; allocating concentrated capital for urgent projects. In the period of 2021-2025, Phu Yen province aims to raise the economic growth rate, increase the application of science and technology to production, and develop hi-tech agriculture and ecological agriculture.

Besides, the province also promotes economic restructuring, labor structure towards industry and modernity; to focus on investing in building a system of road infrastructure, step by step modernizing; improve the quality of education – training and the quality of human resources…

In order to achieve the above goal, the People’s Committee of Phu Yen province has developed a medium-term public investment plan for the 2021-2025 period, with the total capital expected to be balanced at VND 22,100 billion, up 14% compared to the medium-term plan. 2016-2020 was assigned and increased by 72% compared to the actual capital plan arranged for the period 2016-2020. In which, the central budget is more than 5,400 billion VND; the local budget is nearly 16,700 billion VND.

At the 2nd session of the 8th Phu Yen Provincial People’s Council held online, the delegates agreed that in the period of 2021-2025, Phu Yen province strives for the 5-year average economic growth to reach 8, 5 years; by 2025, GDP per capita by 2025 will reach 3,800 USD; the average total investment capital of the whole society in 5 years is about 95 thousand billion VND; the annual disbursement rate of public investment plan is over 90%.

Source: cafef.vn