tóm tắt tiếng anh hiệu quả dự án đầu tư bằng vốn ngân sách nhà nước trên địa bàn tỉnh bắc giang

Analyze and evaluate the state of efficiency of investment projects funded by state budget Bac Giang province, through which draw the achievements, constraints and the cause of an invest

MINISTRY OF EDUCATION AND TRAINING

NATIONAL ECONOMICS UNIVERSITY

INTRODUCTION

1 Necessity of of the subject

Development Investment is extremely significant role in promoting social and economic

in each country, each branch, each locality, it is the foundation of growth and sustainable development The practice of market economy in the developed countries as well as over 20 years of real innovation in Vietnam have confirmed that: Tools to use resources effectively to achieve the economic objectives of the plan is oriented programs and projects on socio-economic development, in other words, programs and projects are tools specific plan, to put the plan into real life market On the other hand, the project has a very important role for investors, managers and direct impact to the process of socio-economic development The project is important to base decisions of capital investment, investment planning and monitoring the investment process The project is the basis for the financial institutions making funding decisions, the state authorities for approval and issuance of investment licenses The project is considered an important tool in the management of capital, materials, labor in the investment process In our country in general and the province of Bac Giang in recent years, waste, loss and the negative to make effective investment income from projects using State budget is not high, is that the hot issues both social care With the special meaning of this important show the need for operational research to improve the efficiency of investment by the state budget in the province of Bac Giang

2 Research purposes

Codify and clarify the basic theory about the effectiveness of the investment projects in the state budget, experience of public investment projects in some countries in the world and lessons learned

Analyze and evaluate the state of efficiency of investment projects funded by state budget Bac Giang province, through which draw the achievements, constraints and the cause of an investment project with capital budget State policies are not effective in Bac Giang province Proposed solutions and recommendations improve the efficiency of investment projects in the state budget in the area

3 Objects and scope of the research

Objects of the research: Efficiency of projects were invested in the state capital budget Orientation and strategic socio-economic development of Bac Giang and effective measures to improve project

Scope of the research: Efficiency of investment projects in the state budget funds in the province of Bac Giang period from 2006 to 2010 of the investment projects completed and put into use

4 The research methods

Methodology based on dialectical materialism, historical materialism, by using mathematical modeling methods, combining history and logic, statistical method, comparative method and some other scientific methods to elucidate research problems

5 The thesis research situation

Currently, there are some research issues related to investment projects and investment efficiency in the domestic and foreign Through the research process and find out, I have some comments, review of these studies are as follows:

In "Financial management in the construction sector" by Dr Thai Ba Cam Authors focused on big projects and big investments from the state budget, focused analysis of

investment projects before 2000, has stated quite detailed about the basic characteristics of the activity construction affecting waste and losses, negative in construction investment, which is characterized stated cost management construction project, generally assess the investment situation of our country from early stages of our country by 2000 The book raises a number of causes of loss and waste of capital construction investment period 1991 – 2000 Downside of the author is not quantify the value loss, there is next to his law studies before construction was born, quantify the targets have not been applied in evaluating projects, not to evaluate the effectiveness of the investment focused on the remaining causes should be overcome by the implementation of investment projects on the level of the country

In "Project Management" and "construction project management" of the academician, doctor of science Nguyen Van Dang, the author presents fairly comprehensive definition of investment projects, the structure of the projects, facilities construction project management, methods of organizing construction project management, project contract management, financial management introduction project management method project finance with curve charts "S" for the use of different objects

The thesis research of Dr Nguyen Phuong Bac with the theme "Orientation and investment solutions economic development in Bac Ninh province," the authors analyze the major factors affecting investment in the local economic development Bac Ninh province The thesis was divided capital in each industry, agriculture, transport infrastructure, trade and tourism services, education and health and make the causes affecting the efficiency of capital investment The thesis has not fully evaluated the effectiveness of investment projects, has not yet been the model of project management that promote the efficiency of investment projects with capital budgets

Going into financial solutions to improve the efficiency of capital construction from state budget PhD thesis in economics "Financial solutions to improve the efficiency of capital construction investment from the state budget in the area Nghe An province "in 2003 In this subject the author Phan Thanh Mao presented a systematic analysis and theoretical issues about the effectiveness of capital construction investment from the state budget, analyzing the status

of this problem in Nghe An province and the major part of the thesis focusing on measures to improve the efficiency of capital construction investment capital from state budget However,

in this thesis the author analyzes the situation only through the statistical method described without using the test method to demonstrate the factors that most influence the efficiency of capital construction investment budget, if they do this financial solution will make the thesis more persuasive

Ministry level "A number of measures to improve investment efficiency from the state budget" in 2005 to the Institute for Economic Management by the Central MA Hoang Van Thanh, chairman of Thread is going into the solution to improve the efficiency of investment from the state budget and divided into four main groups: group solutions financial solutions group human group on the mechanism solutions, investment management policies from the State budget alternative group However, in this study gave very general solution for the entire project management activities from the capital investment budget and improve its performance, have not shown that any solution will be applied to file medium for each particular local

Also, on the journals have a lot of articles and works management refers to projects funded by state budget This may include a number of important posts such as: "Making effective use of capital construction" of the Tao Huu Phung Journal of Finance (6/440), "Some comments on the charter amendments investment management and construction" of the lodge

Phuc Quynh on Vietnam Financial Times of 27 in 2003, "Regulation bidding - the burning issues" of Tran Trinh Tuong Construction magazine 7, 2004… These articles are more or less the situation analysis on the management of investment projects with capital budget and propose solutions to address the backlog However, under the article shall not be a thorough analysis of the situation as well as offer solutions to the problem worth monitoring

With the spirit to acquire, selectively inheriting the findings of previous works, in this thesis, the author focused on a fairly comprehensive and depth of the theory and practice efficiency of investment projects in the state budget, based on which the Author proposed practical and feasible to increase the efficiency of investment in state budget capital

6 The new point of the thesis

The new contribution in terms of academic, theoretical:

Research projects and efficient capital investment projects in the state budget in the context of Vietnam, how the thesis proposed classification of investment projects based on

"type of investment," which has 3 types of projects: (i) Investment projects with construction works, (ii) The investment project has no construction work, (iii) The investment project includes a mixture of investment and construction Each type requires the appropriate management policies to achieve effective

The thesis also shows two features of investment projects with state budget capital, including: (i) The project is not tied to a real owner, (ii) The project is the form of goods and services in which public goods pure and impure These two characteristics lead to difficulties in managing such: likely to cause waste or loss is less effective, particularly as a basis for restructuring requires public investment and enhance the socialization of investment projects with state budget capital

The thesis proposed target group to assess the effects of capital investment projects in the state budget, including impact indicators of investment to economic growth through economic model of; impact assessment criteria to projects of social justice through the GINI coefficient and Lorenz curve; impact indicators project to attract investment outside the state budget The conclusions and recommendations drawn from new research results, surveys of the thesis: Thesis confirm the effectiveness of investment projects fund by state budget capital is lower than expected, is proved by the impact of weak investment to economic growth, economic restructuring, job creation employment, environment, economic development and difficult areas of social justice The thesis also offers 13 reasons for the low investment performance which highlighted the inadequacies of text mode in the management of investment projects between Law and Procurement Law provisions in the state capital

Research projects invested by the state budget in the province of Bac Giang, eight group thesis launched a new solution for improving the effectiveness of the project in the province, which is: (1) promulgate regulations state cooperation - Private (PPP) in the field of investment projects, the rent regulations organizing the management of investment projects with state budget capital; (2) To speed up construction planning and investment management increased as planned; (3) The process of formulation, appraisal and approval of investment projects; (4) management of capital investment projects, (5) Inspection, control and supervision of the state, (7) To renew the project operator, (8) To consolidate the work Consultant of the Project executive

The thesis also proposes a number of new proposals to the State, including: (i) of the Law

on Public Investment Board, (ii) assign the function of State management of the bidding for the Ministry of Construction

7 The structure of the topic

Project "Efficient of investment projects funded by the state budget capital in Bac Giang province "

Composition: In addition to the introduction and conclusion, table of contents, appendices and reference lists, topic is structured into 3 chapters: (i) Chapter 1: Rationale for the efficiency of investment projects in the state budget, (ii) Chapter 2: Current status effective investment projects funded by state budget Bac Giang province (iii) Chapter 3: Solutions improve the efficiency of investment projects funded by state budget Bac Giang province

Chapter 1 RATIONALE ON EFFICIENCY OF INVESTMENT PROJECTS FUNDED

BY THE STATE BUDGET CAPITAL

1.1.1 Investment activities

1.1.1.1 The concept of investment

Investment is the process of using existing resources in order to conduct operations to obtain the results, make certain goals in the future Which resources can be used money, natural resources, the intellectual labor and intellectual These results may be an increase in physical assets, financial assets or intellectual assets and resources are qualified to work with higher productivity for the economy and for the entire social

1.1.1.2 The concept of investment capital

a The concepts

Investment of funds accumulated by the society, the business units and services, it is the savings of the people and mobilize capital from various sources such as joint ventures or foreign-funded…aim to reproduce the fixed assets, to maintain operation of the technical facilities available, to innovate and add the material and technical basis for the economy, for the branches or agencies business services, as well as implementation costs necessary to create conditions for the start of the active material and technical basis of newly added or newly innovative

b Characteristics of investment capital

Investment is considered basic elements beginning of the growth and profitability Investment requires a large amount of capital, large amount of capital is the main objective to create the material and technical conditions necessary to ensure growth and economic development Capital construction process to go through a very long labor process can be put into use, the investment is a major risk areas

c The sources of investment capital: Capital investment in the economy is formed from

two main sources of domestic capital and foreign capital

1.1.2 Investment projects

1.1.2.1 The concept and characteristics of investment projects

a The concept of investment projects

The investment project is a set of proposals related to the commitment of capital to create new, expansion or renovation of certain facilities in order to achieve or maintain growth, improvements, improved of product or service for a period determined Thus, an investment project includes four main components: objectives, results, activities and resources

b Characteristics of investment projects

Starting from the concept of investment projects, which can identify the following basic

characteristics of the project has specific objectives to meet a specific need has been set, the project exists in an environment uncertainty, was dominated by projects and project duration subject to resource constraints

1.1.2.2 The necessity to carry out investment activities under the project

The project has a very important role for investors, managers and direct impact to the process of socio-economic development Without the project, the economy will be difficult to capture the growth opportunities The project is important to base decisions of capital investment, investment planning and monitoring the investment process The project is the basis for the financial institutions funding decisions, the authorities of the state for approval and issuance of investment licenses On the other hand the project is also regarded as important tools to manage capital, materials, labor in the investment process

1.1.2.3 Classification of investment projects

The projects are very diverse in level and type, size, duration and are classified according

to different criteria To facilitate the monitoring and management and suggest measures to improve investment performance, is necessary to classify investment projects according to the following criteria As a form of investment: This criterion of investment projects can be divided into three categories as follows: (i) Investment projects with construction work, (ii) investment project without building it, but the project planning, procurement, technology transfer…(iii) Projects mixture of both investment and construction, this type is now common for most of the investment project Under the decentralized management of projects under the deciding competence or licensing of investment: Depending on the importance and scope of the project, the project is divided into 4 groups: Important national projects and projects of Group A, Group

B projects, the project group C

1.1.3 Investment projects funded by state budget capital

1.1.3.1 The concept and characteristics of investment projects funded by state budeget

a The concept

Projects funded by the State budget as projects using State budget funds to implement programs and plans of the state in each given period

b Characteristics of investment projects funded by the State Budget

The projects is invested by state budget with the following characteristics: Projects funded

by the state budget is not tied to a real property owners; do not follow rules direct refund; follow closely the plan of the State, and local industries, mainly new projects, large and complex, wide influence, have an important role in the development of various sectors and local and economy, the project shall comply with the principle of allocating increased and accounted for the major projects with capital investment in the state budget often address many different purposes

1.1.3.2 Cycle of capital investment projects in the State Budget

Cycle of a project funded by the state budget are the steps or stages that a project must go through when starting from the new project is intended to be completed when the project termination activities We can illustrate the project cycle under the following model

Model 1.1: The cycle of capital investment projects in the State Budget

1.2 Efficiency of investment projects funded by the state budget capital

Preparation of investment

Implementati

on of investment

Operation of investment results The idea of

new projects

The idea of

investment

projects

1.2.1 The concepts

Hiệu quả dự án ñầu tư bằng vốn ngân sách nhà nước là mối quan hệ so sánh giữa các lợi ích trực tiếp và gián tiếp mà nền kinh tế xã hội thu ñược so với các chi phí trực tiếp và gián tiếp

mà nền kinh tế xã hội phải bỏ ra trong quá trình thực hiện dự án

1.2.2 Methods for evaluating the effectiveness of investment projects funded by the State Budget

a Methods evaluate the effectiveness of financial

Effective method of evaluating project financial analysis techniques applied cost - benefit (CBA) This technique was developed from the theory of financial investment

b Method of assessment of the economic efficiency of investment projects

Effective method of evaluating project financial analysis techniques applied cost - benefit (CBA) Including an economic price (shadow price) is used to calculate the economic efficiency norms Worldwide, the CBA technique is most commonly used in the analysis / evaluation of investment projects

c Methods evaluate the social effectiveness

For many projects, especially projects of state social in nature, besides financial performance and economy, should assess the social effects of the project In the calculation of economic efficiency, the environmental impact and social assessment through the benefits and costs arising from the impact If costs and benefits can be quantified and economic valuation, just internalize that effect included in the model and evaluate the effectiveness economic 1.2.3 The criteria evaluate the effectiveness of capital investment projects funded by the State Budget capital

1.2.3.1 The criterias for evaluating financial performance

a Profit criteria

It is determined based on the set ratio of annual net profit on capital This rate is usually calculated only for a year, usually a year production capacity But it can also be calculated for the level of use of different production capacity, or for different years in the start time There are two rates of return on total capital employed (total investment of the project) and on capital, usually of the interest

b Payback criteria

Payback period is the number of years required for project activities and depreciation profits earned enough to repay the initial investment

1.2.3.2 The criterias for evaluating social-economic efficiency

a Criterias impact of investment projects to economic growth

To assess the impact of investment to economic growth of a region, a local, through criteria such as target ICOR, or through econometric methods econometric models

ICOR = The investment capital of projects / GDP growth

The impact of capital investment projects in the state budget impact to economic growth

is to determine the relationship between capital investment in projects, in a period at the rate of economic growth To determine this relationship and to quantify the effect of the investment of state budget project we use econometric methods to evaluate the effectiveness of investment projects funded by the State Budget boost economic growth According to the theory of economic growth, including investment capital factors have a significant place for the general model GDP = F (Capital investment by the State Budget) On the basis of collecting statistics

on investment from the state budget for the project and the value of GDP over the period, the construction of mathematical models with economic variables and the variable data ,

estimation, appropriate testing for positive results are important for evaluating the effectiveness

of investment projects funded by the State Budget for GDP growth

b Criterias impact of investment projects to the restructuring of economic

To assess the impact of capital investment projects in the state budget to economic restructuring, are evaluated by comparing the relationship between investment structure and the transformation of economic structure in certain period with the orientation and efficiency of investment in each sector

c Criterias impact of investment projects to create jobs for workers

Impact assessment of investment projects by the State budget capital in creating new jobs for workers involved tend to use more capital investment or labor-intensive use To assess the impact of the project on labor and employment could be considered both absolute indicators and targets that relative is: Target number of employees employed by the project and the target number of employees employment activities per each unit of capital

d Criterias impact of investment projects to strengthen technical facilities of the economy

Measured in value of fixed assets increased during the period of the project using funds invested by the State Budget To evaluate the efficiency norms on strengthening material base

of the economy people have used the method of comparing the fixed assets value added of the projects using State budget capital to the total value of fixed assets increased during the calculation will be used to evaluate Mobilizing factor fixed assets = Value of fixed assets are mobilized to complete the year / total capital investment in

e Criterias impact of investment projects to income distribution and social justice

This is an important indicator, it helps evaluate the project's contribution to the implementation of the target distribution and determine the impact of the project to the regulatory process income groups and the territories The essence of this criterion is to examine the value of the project and associated projects (if any) will be distributed to the different target groups include those employees, who benefit profits, state or between the territories of how, if

it meets the goal of economic development or social To assess the impact of capital investment projects in the state budget to social justice, we mention three common index measuring inequality is: The Gini coefficient, Theil's L index, and Theil's index T Following two indicators are part of a set of "general inequality index entropy-geneal," so called Theil L GE (0) and Theil T called the GE (1)

f Criterias impact of investment projects to increase savings and foreign currency

To calculate this indicator to calculate the total foreign exchange earned savings and then subtract the total cost of foreign currency in the process of project implementation

g Criteria impact assessment of investment projects to international competition (IC):

This criterion for evaluating the competitiveness of products produced by the project on the international market

h Criterias for evaluating the impact of investment projects to the ecological environment

Methods to assess environmental impact of projects such as: Method of determining the cost benefits and methods of network diagrams, the matrix method or the method list of environmental conditions In addition we can also use the typical method of analysis, through the projects selected to analyze the negative and positive of the project on the ecological environment as they work

i Criterias for evaluating the impact of investment projects to contribute to budget

To consider the effectiveness of their contribution to the project's budget, we can use indicators to contribute to the rate of the total budget invested This percentage is large, then the project contribute to effective budgetary and vice versa if a small percentage of the low efficiency

j Criterias for evaluating the impact of investment projects to attract other projects

To measure the attractiveness of the investment projects from the state budget to other projects, we consider as an investment by the state budget in a locality or region is already collected project attracted many other participants, the registered capital involved and the amount of capital investment made to participate in a certain time Through indicators such as the ratio between the number of investment projects in the state budget to attract projects drawn and the ratio between investment projects with capital investment in state budget registered capital investment of the project attracted, in addition to using the ratio of investment to projects funded by the state budget for implementation of capital projects to attract

k Criterias impact of investment projects to the economic development of local social and infrastructure

Considering the capacity of the new infrastructure is created from the project, not only for the main effects which the project but also to affect other projects and the development of local 1.3 Factors affecting to the efficiency of investment projects funded by state budget

Two groups of factors are contributing factors from the macro environment economic environment; political environment, legal; cultural environment - social natural environment) and the team from environmental factors operational (project Management, the investment management agency, the project implementation units) The impact of the contributing factors from the macro environment and operational environment affecting the efficiency of investment projects in the state budget can illustrate the following Figure 1.2

(macro-Model 1.2: (macro-Model performance impact of capital investment projects in the state budget

1.3.1 Group macro environmental factors

1.3.1.1 The political environment

Political and social environment have a great influence to the success of investment projects n the political situation unstable: War, protest, strike, strike, the struggle between the

Macro environment Macroeconomic environment social and cultural environment

Nature - Environment Politics, Legislation

The investment management agencies

The organization of the project directly

Project management

parties, the forces in society will affect the direct and indirect investment projects from the period preparation, implementation phase and operation phase of investment projects

1.3.1.2 Legal Environment

A uniform legal environment, completeness, consistency and stability will greatly effect the operation of the economy in general and capital investment activities in particular the state budget

1.3.1.3 Macroeconomic environment

Macroeconomic environment will affect the investment idea and govern the operation of the project to facilitate or impede project implementation process Macroeconomic conditions, not only creates favorable conditions for the project was born, which effectively operate in a certain extent may occur investment ideas The elements of the macroeconomic environment may have a lot such as growth rate; interest rate, rate of inflation, foreign trade situation, status

of the budget deficit; economic systems and policies the macro state

1.3.1.4 Social and cultural environment

Research content and level of socio-cultural research affects the process of implementation and operation of the investment results of each project can vary depending on the nature of business activities and objectives of each project project

1.3.1.5 Natural environment and natural resources can be exploited for the implementation of projects

Depending on the project, which the natural environment will be studied under different levels to ensure the success of each of the investment

1.3.2 Factors environmental operational of projects

1.3.2.1 Management of investment projects

The role of management organizations are present when the project began to form in the idea of an investment project and continue throughout the implementation and operation of investment results, and arrested its role through effective early stages of the process of establishment and management of investment projects

1.3.2.2 The agencies management of investment projects

The combination of investment management agencies great influence to the management

of investment projects Coordination of agencies and good management of the evaluation, the project approval process is done fast, clearance work is done quickly, the project was started early and soon put into operation improve the efficiency of the project

1.3.2.3 The organizations directly implement projects

The unit directly implement projects including contractors and consulting organization This is the main factor for the construction of facilities projects, affect the good and bad quality

of the project, which from that affect the efficiency of investment projects

1.4 International experience of raising the efficiency of investment projects funded by state budget

1.4.1 China's experience on the management of public investment projects

Promulgate regulations establish the feasibility study include the following contents: the need for construction, size, performance, ability to meet the capital, the desired effect Model

"building representative" was born to encourage the separate stages of "investment, construction, management and use", promoting the mutual agreements processing stage Establish the accountability and widely practiced mode question of responsibility

1.4.2 Experience from abroad on the form of Public Private Partnership (PPP)

In China shares model, the preferred form is applied in China to cooperate with the

government through private shareholding company

Korea: Consistency of policies, Korea began its PPP program in 1994 with Law promoting private investment for social capital In addition, Korea also encourages the development of PPP in the tax exemption of value added

1.4.3 The lessons for Vietnam

Strengthening state management of investment projects: promulgate appropriate policies and laws and strictly implement policies Coordination between state investment and private investment in the project investment Construction PPP model in Vietnam should consider various factors on the historical elements, social - economic circumstances

Chapter 2:

EFFECTIVE SITUATION IN INVESTMENT PROJECTS FUNDED

BY STATE BUDGET CAPITAL IN BAC GIANG PROVINCE

2.1 The socio-economic and political characteristics impact of nvestment projects funded

by the State Budget capital in Bac Giang province

2.1.1 Geographical location and natural conditions

Bac Giang is a mountainous province is re-established under the resolution of the 10th session of National Assembly 9 of 9 districts of Bac Giang province and a city which has 6 districts and 01 mountain district (Son Dong district) areas with high total of 229 communes, wards and townships Compared to the northern mountainous provinces, Bac Giang is located relatively favorable geographic

2.1.2 Socio-economic characteristics

In recent years, the pace of economic growth of Bac Giang province reached 9.3% this is

an encouraging result for a difficulf mountainous province The trend of economic restructuring

in Bac Giang province over the years have positive level shifted towards increasing the proportion of industry in GDP The proportion of agriculture in GDP declined from 39.83% Bac Giang in 2006 to 32.5% in 2010, corresponding to the share of industry increased from 25.24% in 2006 to 33.6% in 2010 however, the service sector decreased from 34.93% in 2006

to 33.9% in 2010, this is not commensurate with the potential of Bac Giang province

2.1.3 Overview of the management of investment projects funded by the State Budget of Bac Giang province

In recent years, most investors built on Bac Giang province implement the management model of investment projects with capital budgets based on the function, relationships and powers shall be recorded authorities in decisions on the investor and tasks based on the facts available to the system of their organization, along with the development process in each period with appropriate adjustments In practice however, most projects funded by the state budget in the province of Bac Giang in the model after:

Model 2.1: The organizational model management of investment projects by State budget Bac Giang province

2.2 Situation efficient investment projects funded by the State Budget capital in Bac Giang province

2.2.1 Investment capital for projects

2.2.1.1 Investment capital for projects

Total investment made whole society in the province of Bac Giang period 2006 - 2010 in current prices is 30 502 billion In the last 5 years invested socio-economic development of the province has increased 221.5% (2.21 times), the increase in average annual investment is about 26.2%, the investment ratio to GDP maintain approximately 51.1% Capital growth through investment in the province in the period 2006 to 2010 with the changes in the direction of increasingly slow, while growth of the country is almost less volatile in the period specific : in

2006 the highest growth rate reached 46%, in 2007 was 27%, in 2008 was 36%, 18% in 2009,

in 2010 only 8% In 2010 capital growwing reduction is partly due to reduced policy limits the investment of state for projects on State Budget At current prices the total social investment has continuously increased over the years from 2006 to 3684 billion in 2010 to 8163 Capital investment to GDP of Bac Giang province is much higher than the country in 2006 with an investment of 41.6% in 2007 was 44% in 2008 was 51%, 58% in 2009 to 2010 was 56 %

2.2.1.2 Investment capital of the projects fund by the state budget

State budget capital investment for projects in the five year period from 2006 to 2010 accounted for 30.2% investment in the province, with 15.45% of GDP in the province in which the state budget due to capital local management of investment accounts for 15.9% of total provincial investment capital, with 8.12% of GDP; The state budget funds by central management accounts for 6% investment in the province, with 3.08% of GDP government bond investment accounted for 3.9% of the province, with 1.99% of GDP; Non-refundable ODA managed by the province accounts for 3.7% investment in the province; by 1.87% of GDP preferential credit capital invested 0.8% of total provincial GDP by 0.39%

UBND TỈNH BẮC GIANG

SỞ XÂY DỰNG

SỞ KẾ HOẠCH VÀ

BAN QUẢN LÝ

DỰ ÁN KHO BẠC NHÀ

NƯỚC TỈNH

SỞ TÀI CHÍNH VẬT GIÁ

SỞ CHUYÊN NGÀNH

CÁC NHÀ THẦU XÂY DỰNG DỰ ÁN, NHÀ TƯ VẤN CỦA DỰ ÁN

Graph 2.3: The structure of social capital in the province of Bac Giang period 2006 to 2010 Source: Department of Statistics Bac Giang province [36] [37]

2.2.2 Situation efficient investment projects by the State Budget capital

In the 5 year period from 2006 to 2010 Bac Giang province has made investment by 189 investment projects in the State Budget with a total realized capital of 10,198 billion VND in which the number of completed projects are: Project 108 ; number of projects being implemented are: 70 project has not started projects are: 11 projects Specifically capital investment by the State Budget has seen a significant increase from 1009 billion to 2233 billion, the growth rate is 221%, concentrated in investment projects in Group B and Group C has 74 projects group B has a mass investment of 3,399 billion VND, accounting for 36.8% of total investment, 110 projects of group C have mass investment of 4492 billion, accounting for 48.68% of the total investment projects in Group a with nine volumes of investment capital is 1,337 billion, accounting for 14.49% of total investment The volume of capital investment over the years tended to increase, the average rate in the period 2006 - 2010 is 27% In the period, there were completed 108 projects and put into use in which 02 projects of group A According to statistics in the province of Bac Giang, projects with capital investment budget for the period 2006 - 2010 was an important contribution in strengthening the material and technical basis of the provincial economy, is expressed through the results of specific industrial projects and construction, transportation projects and projects of agriculture and rural development, health projects, project information culture - physical education, sports, trade and tourism, education projects and training, and management projects in the state, the security and defense projects, projects for urban development

2.3 Evaluate the effectiveness of investment projects funded by the State Budget of Bac Giang province

2.3.1 The achieved results

2.3.1.1 Attracting investment projects increased budget and mobilize resources for economic development in the province

With funds from the provincial budget has made investment in industrial parks have gradually attracted a large number, the fast growth of the number of projects and registered capital investment projects from the countries and regions in the world and large corporations

in the country to participate in investment in the province Specific: In the period has attracted

66 investment projects with foreign direct from a registered capital of 613.5 million, bringing the total number of projects of foreign direct investment to 93 projects, with some registered capital of nearly USD 785 million Attracted 318 domestic investment projects with total registered capital of 18,750 billion, up 2 times compared with the period from 2001 to 2005 At the same time there are 17 ODA projects are being implemented, with a total investment of 611 billion VND, 82 aid projects using foreign non-governmental organizations (NGOs), with