TAILIEUCHUNG - Enhancing quality and efficiency of public investment in Vietnam up to 2020

Based on the theories on quality and efficiency of public investment and on the ground of a new economic model, this study carries out an analytical assessment of the management of Vietnam’s public investment, with the primary aims to detect limitations on management, carry evaluation of the investment, and propose solutions to improving its quality and efficiency. | Diep Gia Luat et. al. / Journal of Economic Development 23(1) 02-24 2 Enhancing Quality and Efficiency of Public Investment in Vietnam up to 2020 DIEP GIA LUAT University of Economics HCMC – gialuat@ DANG VAN CUONG University of Economics HCMC – dangcuong@ BUI DUY TUNG University of Economics HCMC – tungbd@ ARTICLE INFO ABSTRACT Article history: Based on the theories on quality and efficiency of public investment and on the ground of a new economic model, this study carries out an analytical assessment of the management of Vietnam’s public investment, with the primary aims to detect limitations on management, carry evaluation of the investment, and propose solutions to improving its quality and efficiency. The findings indicate that both the public investment quality and efficiency of Vietnam reveal certain limitations, and no evidence can be found for the effectiveness of investment expenditures in short terms, although a long-term relation exists between the public investment and economic growth. A few comprehensive solutions to investment enhancement until 2020 are as follows: (i) Rationally adjusting investment structures and portfolios, (ii) Improving institutional environment; (iii) Controlling investment efficiency; and (iv) Modernizing the monitoring system for the public investment. Received: Aug. 27 2014 Received in revised form: Jan. 30 2015 Accepted: Dec. 30 2015 Keywords: Public investment, quality, efficiency, ARDL, dynamic OLS. Diep Gia Luat et. al. / Journal of Economic Development 23(1) 02-24 3 1. Introduction In Vietnam public investment plays a significant role in total social investment. Recent years saw its positive contribution in domestic socioeconomic development along with its .beneficial effects, such as on attracting foreign capital investment, promoting rapid economic growth, enhancing living standards of citizens, stabilizing macroeconomic performance, and significantly facilitating poverty .

• Kinh tế học
• Public investment
• Dynamic OLS
• Enhancing quality
• Carry evaluation
• Environmental factors
• Impact of public investment
• Public investment and private investment
• Private investment
• Socio economic issues
• Restructuring Vietnam’s public investment
• Restructuring of public investment
• Pinpoint drawbacks
• The structure of public investment
• Economic growth
• Evidence from Vietnam
• Public investment on private investment
• Crowding in
• Crowding out effect
• Gross investment
• Structural vector autoregressive
• Private domestic investment
• Public private partnership investment
• Investment decisions
• Budget overspend
• Public debt
• Public financial policy
• Finance market
• Stateowned companies
• Summary of Doctoral thesis
• Effectiveness of public investment
• The agriculture area
• Practical issues of public investment
• The agricultural sector
• Leadership behavior
• Public management
• Construction investment
• Road infrastructure
• Public investment management
• Summary of Doctoral thesis Finance – Banking
• Current period in Vietnam
• Managing Vietnam’s public investment
• Luận văn Thạc sĩ Tài chính ngân hàng
• Finance Banking
• Efficiency of public investment
• Promote disbursement of public investment
• Food security
• Capital formation
• Agriculture in Karnataka
• Summary of Doctoral thesis in Economics
• Context of climate change
• Investment management
• Greenfield Investment
• Cross border M&As
• Foreign direct investment
• Public service sectors
• Transportation sectors
• Public infrastructure
• Investment and development
• Evidence from turkey
• Development public infrastructure
• Gross enrolment rate
• Infant mortality rate
• Doctoral thesis on Law
• Laws on investment
• Public private partnership
• Public private partnership in Vietnam
• Impact of public expenditure
• Public expenditure on private investment
• Policy implications for Vietnam
• Public administration
• State management
• Investment projects
• State budget
• Higher education
• Postgraduate education
• Doctor of public administration
• Postgraduate education in Vietnam
• Managerial finance
• Lecture Managerial finance
• Financial statements
• Initial public offerings
• Investment banking
• Financial restructuring
• GMM Arellano Bond
• Provinces in Vietnam
• Growth relationship in Vietnam
• Summary thesis Doctoral
• Managing investment project
• Infrastructure construction
• The form of Public Private Partnership
• Improve the management
• Summary of PhD thesis
• Summary of PhD thesis in Public Management
• Reforms of administrative procedures
• Investment in Thai Nguyen province
• Administrative procedures
• Dissertation abstract Construction mannagement
• Risk management
• Technical infrastructure construction
• Investment projects in Da Nang