Investment in infrastructure development in Vietnam: Current situation and solutions

Abstract

Infrastructure is the nature of public goods and services, essential for the development of the economy and social life. But the development of these goods and services requires a lot of investment capital, hard to recover or low levels of return on capital, high risk. The number one role of the state in the development process is to secure public goods, public services, and infrastructure. For investment in infrastructure development, the state plays the role of a manager, an investor (public investment), a public service provider, and a controller. Investing in infrastructure has a huge impact on socio-economic development, changing growth and economic restructuring, reducing costs for most industries and commerce.