Relevant ministries and agencies will strengthen inspections and examinations over delayed projects, public investment projects, and the management of funds for scientific and technological development this year to prevent waste, according to Minister of Finance Ho Duc Phoc.

Delivering a report on thrift practice and waste prevention last year and solutions and tasks for this year to the ongoing fifth session of the National Assembly on May 23, he said the government issued a plan last December for efforts this year.

The plan sets out eight main tasks and solutions, including reviewing, amending, and supplementing regulations to tackle difficulties and obstacles in bidding, purchasing public assets, and managing public investment; strengthening inspections, examinations, and supervision over the use of State budget funds; and reviewing and amending regulations relating to the use and management of public investment capital.

Other solutions include tightening management over the use of public assets at State agencies and units; continuing to complete the legal framework on land; and increasing management over capital invested by the State in enterprises.

Last year, almost VND53.9 trillion ($2.29 billion) in State capital was saved, as reported by ministries, sectors, and localities, according to the government.