UNDP: Private sector growth is crucial to financing sustainable development

Developing the private sector and expanding domestic private financial sources is the key for Vietnam to meet financial demand for the successful implementation of the United Nations' Sustainable Development Goals (SDGs), said a report by the UN Development Programme (UNDP) and the Ministry of Planning and Investment released Tuesday.

The report said Vietnam's FDI and deposits are not adequate to its ODA and state revenue, which have not been enough to meet state expenses. Vietnam is advised to extend its tax base, ensure better management of State property, and enhance the efficiency of State expenditures, public investment, and public debt management.

Source: VOV5