The multi-dimensional impact of public investment on socio-economic development in Vietnam by geographical region
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https://doi.org/10.63640/3030-4091/jpd.apd.147Keywords:
public investment, Multi-dimensional, Geographical RegionAbstract
This article analyzes the role and impact of public investment on Vietnam's socio-economic development in recent times. Based on 2023 data and a regional geographical analysis, the article demonstrates that public investment not only promotes GDP growth but also improves infrastructure, people's living standards, and drives economic restructuring. However, shortcomings still exist, such as uneven distribution among regions and inefficient capital utilization. The article proposes specific policy recommendations to enhance the effectiveness and sustainability of public investment in the coming period.
References
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National Assembly (2019). Law on Public Investment No. 39/2019/QH14.
National Assembly (2020). Law on Public-Private Partnership Investment No. 64/2020/QH14.
Prime Minister (2022). Decision No. 1513/QD-TTg dated December 3, 2022, on assigning the 2023 state budget capital investment plan.
Prime Minister (2022). Official Dispatch No. 1076/CD-TTg dated November 10, 2022, on accelerating the disbursement of public investment capital in the final months of 2022 and early 2023.
World Bank. (2020). Public investment efficiency and sustainable development. Washington, DC: World Bank.
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OECD. (2021). Public investment governance and regional integration. Paris: OECD Publishing.
United Nations Development Programme (UNDP). (2022). Public investment and the Sustainable Development Goals (SDGs). New York: UNDP.
