Bottlenecks in public investment projects discouraging contractors

Addressing the Vietnam Socio-Economic Forum 2022, Mr. Nguyen Quoc Hiep, Chairman of the Vietnam Association of Construction Contractors, proposed several solutions to speed up the disbursement of public investment capital. He said the first bottleneck is that payment and settlement procedures and investment procedures remain cumbersome, and the assignment of responsibilities has not been clarified. The second is that many public construction unit prices are low, some at just one-third of actual implementation, so many contractors do not want to be involved.