The government proposed that the National Assembly (NA) permit the use of over VND63.7 trillion ($2.65 billion) from the reserve fund for the mid-term public investment plan, at an extra-ordinary session of the NA on January 16.

The fund will be used in five key areas: national defense, national security, State management, science and technology, and transport, according to Minister of Finance Ho Duc Phoc.

Of the figure, VND500 billion ($20.5 million) will be allocated for the Ministry of Planning and Investment to invest in purchasing equipment for the National Innovation Center in Hanoi.

Over VND57.7 trillion ($2.37 billion) is to be invested in 32 transport projects to complete the country’s strategic transport infrastructure network, especially national transport projects, expressways, coastal roads, regional connectivity projects, projects connecting industrial parks, airports, and seaports, in order to attract investors and boost economic efficiency.

Vietnam targets having over 3,000 km of expressways by 2025.