Developing transport connections, increasing investment attraction
Emphasizing the importance of transportation in contributing to the success of economic growth because it directly connects supply (production) and demand (market), Dr. Nguyen Duc Kien stated the fact that socio-economic development cannot take place without the accessibility provided by the transportation sector. Transportation allows producers' goods to reach consumers within a region, a country as well as globally. Thanks to that, manufacturing enterprises access and benefit from the use of the country's resources, bring products to the market to meet the increasing demands of users and is one of the factors that determine the overall attractiveness in attracting investment in a certain area.
Dr. Nguyen Duc Kien said that international studies have identified 12 factors affecting the attraction of investment and production support of transport infrastructure, including: transport mode and quality of transport mode including time, safety; ability to connect to transport networks (direct transport or through many transits); logistics costs and affordability; speed, distance and capacity of infrastructure, including vehicles; ability to integrate multimodal transport; transport demand; requirements of transport users; competitiveness of transport modes; traffic management and operation of state management agencies; land use capacity and efficiency; priority level of transport modes for product types.
Dr. Nguyen Duc Kien observed that, in the 2021 - 2025 term, public investment has played a leading role, even "overpowering" private investment, with the advantage of concentrated investment. To achieve double-digit growth in the next period, this economic expert believes that Vietnam still has to rely on infrastructure from public investment to lead and attract investment from the whole society. This requires optimizing public investment activities by focusing on real efficiency. Accordingly, it is necessary to shift from conservative thinking to thinking that takes efficiency as the center of all decisions.
Focus on efficiency, strengthen post-control, prioritize the development of Vietnamese enterprises
Through the actual management of the economy in the fiscal year 2024 - 2025, Dr. Nguyen Duc Kien said that there have been many good lessons and experiences in this field. For example, the implementation of the 500 KV line from Quang Trach ( Quang Binh ) to Pho Noi (Hung Yen) with a length of more than 500km, a total investment of nearly 3,000 billion VND under the close direction of the Prime Minister, the project was deployed and put into operation after 7 months of construction. This is a project spanning 11 provinces and cities with very different volumes of site clearance and compensation policies, depending on each locality, but was completed in record time. With projects and works of similar scale in the past, we had to construct in about 4 years.
Dr. Nguyen Duc Kien also gave an example of the implementation of the Phong Chau bridge (formerly Phu Tho) since the decision to implement it under the form of designated bidding, the construction unit was the 12th Army Corps, with the Government's emergency funding, after only 10 months it was completed and put into operation.
From the two successful experiences above, Dr. Nguyen Duc Kien believes that in order for the country to rise up in the new era, the economy will grow at a high speed, it is necessary to change the way of thinking about public investment, focusing on efficiency instead of focusing on compliance with processes and procedures. In policy making, it is necessary to avoid making regulations based on the mentality of "fear of losing money" or not trusting anyone, instead of looking at actual effectiveness.
According to Dr. Nguyen Duc Kien, in the remaining term of the 15th National Assembly, it is necessary to prepare well for amending the Law on Public Investment, the Law on Investment and the Law on State Budget in the direction of focusing on efficiency, strengthening post-audit and prioritizing the development of Vietnamese enterprises. For public investment to be effective, decisions must be consistent and based on national interests.
For large-scale and complex infrastructure projects (especially transportation), Dr. Nguyen Duc Kien suggested that it is necessary to appoint contractors to ensure progress, but there needs to be a consensus on the implementation and appointment of contractors to avoid delays. For example, the North-South Expressway project in the East was delayed for 3 years due to the change from appointment of contractors to international bidding and then finally had to return to appointment of contractors.
For the railway system (including high-speed railway, metro, light rail), there needs to be a direction to unify technical criteria, automation systems, signal information and imported equipment. Failure to unify all technical criteria will lead to limited resources and spread across many areas.
Different transport systems (e.g. metro, bus) need to be linked together (e.g. one ticket, one zone). Currently, the simplest connection of convergent transport between regions and areas is "disjointed".
Along with that, it is necessary to continue to improve the quality of supervision and accountability to create social consensus. Strengthen supervision of the implementation of resolutions and laws.
Source: https://daibieunhandan.vn/doi-moi-tu-duy-trong-dau-tu-cong-chu-trong-hieu-qua-10388809.html
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