Under the plan, total public investment need for the period is estimated at nearly 11 trillion dong (US$495 million), equal to 75.6 per cent of the amount spent from 2011 to 2015.

More than 8.7 trillion dong ($391.5 million) from the proposed amount will be sourced from the State budget, some 950 billion dong ($42.75 million) from Government bonds and approximately 1.288 trillion dong ($57.96 million) from foreign fund.

The mid-term investment will focus on building facilities for education-training and science-technology establishments to assist them in switching to the self-control financing mechanism.

According to the ministry’s statistics, it was assigned to manage the spending of almost 1.6 trillion dong ($72 million) from the State for 38 public projects, six of which have become operational.

Meanwhile, the ministry mobilised some $17.5 million in four projects from the United Nations and the government of Japan, Germany and Republic of Korea.