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MINISTRY OF EDUCATION AND TRAINING THUONGMAI UNIVERSITY NGO NGAN HA DECENTRALIZATION OF PUBLIC INVESMENT MANAGEMENT OF THAI NGUYEN PROVINCE Major : Economic Management Code: 931.01.10 SUMMARY OF ECONOMIC DOCTORAL THESIS Hanoi, 2022 The thesis was completed at: Thuongmai University Supervisors: Assoc.Prof.Dr Pham Thi Tue Assoc.Prof.Dr Phan The Cong Reviewer 1: Reviewer 2: Reviewer 3: Thesis will be protected before the thesis review board meeting at …………………………………………………………………………………… The dissertation can be found at: National Library Library of Thuongmai University LIST OF PUBLISHED WORKS OF THE AUTHOR RELATED TO THE THESIS Ngo Ngan Ha (2017), “Some solutions to accelerate the disbursement of public investment capital in Thai Nguyen province”, Economy and Forcast Review No 20, 07/2017 Ngo Ngan Ha (2019), “Experience in decentralizing the public investment management in some countries and suggestions for Vietnam”, Economy and Forcast Review No 01, 01/2019 Ngo Ngan Ha (2019), “Public investment management in Thai Nguyen province: Situation and solutions”, Economy and Forcast Review No 31, 11/2019 Ngo Ngan Ha, Phan The Cong (2020), Accelerating the disbursement of public investment capital: Solutions to promote Vietnam’s economic growth in the context of the Covid-19 pandemic Scientific conference, Vietnam Academy of Social Sciences ISBN: 978-604-308-172-5 Publication decision No 273/QD-NXB KHXH November 23, 2020 Ngo Ngan Ha, Nguyen Thi Nguyet (2020), Decentralization of public investment management in Vietnam: Situation and solutions International scientific conference of young scientists in economics and business 2020 (ICYREB 2020) ISBN: 978-604-55-7883-4 Publication Decision No: 07/QD-HN dated 11/01/2021 Confirmation of publishing registration number: 27-2021/CXBIPH/01-02/HN Ngo Ngan Ha (2021), “Enhnacing the efficiency of decentralization of public investment management of Thai Nguyen Province”, Industry and Trade Magazine ISSN: 0866-7756 No 14, June 2021 INTRODUCTION Rationale After more than 30 years of socio-economic development reform, Vietnam's public investment now accounts for nearly half of total social investment and plays an important role in the economy Public management contributed to changing the country's socio-economic structure, building the material and technical foundations of the economy, and increasing labor productivity However, in addition to the positive contributions to the development of the country, the National Assembly of the Socialist Republic of Vietnam in the Report on the evaluation of the results of the implementation of the socio-economic development plan and the state budget for the year 2021 has pointed out the limitations of public investment in Vietnam such as: slow disbursement of public investment capital, large loss of public investment, low efficiency of public investment The policy of decentralization of state management in general and decentralization of public investment management has been systematically mentioned by the Party and Government in the resolutions of the Party and Government Right from the first stage of renovation, the issue of decentralization was seriously recognized by the Party and included in the Resolution of the 6th Party Congress (1986): "It is necessary to restore order and discipline in management economic and social It is the management mechanism that is still heavily centralized and bureaucratic, both restraining subordinates and reducing the effectiveness of centralized management, which is the direct cause of disordered order Therefore, it is not possible to overcome the confusion by returning to the old mechanism, but must resolutely implement the decentralization of management according to the principle of democratic centralism." Resolution 21/2016/NQ-CP on decentralization in state management between the Government and the People's Committees of provinces and cities under the central government sets the goal of "Improving the effectiveness and efficiency of state management of sectors and fields (including public investment) on the basis of reasonable and clear decentralization of tasks, powers and responsibilities among the Government, the Prime Minister, ministries, ministerial-level agencies and People's Committees of provinces and cities under the central government, ensuring the unified management of the Government, promoting the initiative, responsibility and creative spirit of local government and pointed out the areas that need to focus on decentralizing state management in the 2016-2020 period, including: State budget management; Exercising the rights and obligations of the state owner towards state enterprises and the state capital invested in the enterprise; Investment Management; Management of public affairs, cadres, civil servants and public employees; Land Management At the XXIII Party Congress (2021), the Party commented: “Strengthening decentralization and decentralization, clearly defining responsibilities between the Government and ministries and branches; between the Government, ministries, branches and local authorities; thoroughly overcome the overlapping of functions, tasks and powers; ensure unified state management, and at the same time promote the proactive, creative and responsible roles of each level and each branch.” In general, the decentralization of public investment management by local governments has helped to clearly define the authority of local governments at all levels regarding public investment management, giving more agency for local authorities in carrying out public investment activities in accordance with their competence and responsibilities However, the decentralization of public investment management to local governments was done while lacking in synchronization and not ensuring the consistency between decentralized authority and conditions to enforce this authority, leading to the situation that local governments at all levels are given the authority to manage public investment, but the implementation results are limited Addressing this situation, various home and abroad researchers have affirmed that while it is necessary to implement decentralization of management in order to improve the efficiency of public investment, whether it is effective or not depends on the actual situation of each locality Thai Nguyen is a midland and mountainous province in the North with a relatively high level of populism In 2021, the total investment capital of Thai Nguyen province is 8393.4 billion VND In recent years, local governments at all levels of Thai Nguyen province have focused on decentralizing public investment management As a result, many important public investment programs and projects have been put into practice, contributing to the local economic growth and social progress However, in general, the decentralization of public investment management of Thai Nguyen province still has its limits as it has not really given agency for local authorities at all levels in public investment management, not improved investment efficiency as many public investment programs and projects are behind schedule, their quality does not meet the requirements, and the implementation costs are not guaranteed From a theoretical perspective, although there have been many studies on decentralization of state management in general and decentralization of public investment management in particular, most studies mainly focus on clarifying public investment management decentralization at the macro perspective between the central government and the local government Meanwhile, the public investment management decentralization of the local government is on the one hand part of the national public investment management hierarchy and influenced by this hierachy in general, but on the other hand, it also has its own characteristics As far as the researcher is concerned, there are few studies that systematically and comprehensively mention the decentralization of public investment management of local authorities Therefore, it is neccessay to have a systematic study on the decentralization of public investment management of the local government Choosing to conduct research on the topic “Decentralization of public investment management of Thai Nguyen province” is therefore necessary, having both theoretical and practical significance The study will clarify the theoretical and practical basis of decentralization of public investment management of local goverment, assess the current situation of decentralization of public investment management of Thai Nguyen province, thereby proposing solutions to improve the decentralization of public investment management of Thai Nguyen province in the coming time Research objectives and tasks 2.1 Research objectives Detecting the limitations of the current situation of decentralization of public investment management in Thai Nguyen province in the 2016-2021 period, thereby proposing solutions and recommendations with scientific and practical basis to improve the decentralization of public investment management of Thai Nguyen province to 2025 and vision to 2030 2.2 Research tasks In order to meet the research objectives, the thesis defines these tasks: - Systematize the theoretical and practical basis of decentralization of public investment management of local governments - Analyze the current situation of decentralization of public investment management of Thai Nguyen province - Propose solutions and recommendations to improve the decentralization of public investment management of Thai Nguyen province Research subjects and scope 3.1 Research subjects The thesis research subject is the decentralization of public investment management of Thai Nguyen province 3.2 Research scope - Regarding the subject scope: the thesis analyzes the decentralization of public investment management of local governments - Regarding time scope: The thesis focuses on analyzing the current situation of decentralization of public investment management of Thai Nguyen province from 2016 to 2021 This period was chosen because it is in line with the medium-term public investment plan for the period 2016 - 2020 The thesis proposes solutions to 2025 and vision to 2030 in line with the Master Plan for Socio-Economic Development of Thai Nguyen Province in the period of 2021 - 2030 with a vision to 2050 and the Public Investment Plan for the period of 2021 - 2025 - Regarding space: The thesis analyzes the decentralization of public investment management among levels of local government of Thai Nguyen province - Regarding content areas: In this thesis, the PhD student approaches management decentralization in areas as follows: Building a legal framework for decentralization of public investment management of local goverment; Organize the implementation of decentralization of public investment management of local goverment; Inspect and supervise the implementation of decentralization of public investment management of local goverment The thesis does not go deep into the decentralization of public investment management in terms of occupational safety management in public investment or the decentralization of management of the construction volume of public investment projects… Contributions of the thesis 4.1 Academic and theoretical contributions On the basis of inheriting (with development) domestic and foreign, the research results of the thesis have made some new contributions related to the basic theories on decentralization of public investment management of local government Some of the research's notable theoretical contributions include: Firstly, the research results of the thesis have helped to systematize and reinforce the theoretical basis for decentralization of management of local government In which, the thesis has focused on clarifying some concepts such as decentralization in state management, local government; analysis of model of local government organization In particular, the thesis clarifies the content of the decentralization of management of local government in terms of the decentralizing subjects, the decentralized subjects, the areas of decentralization Secondly, the research results of the thesis have helped to generalize the theoretical basis of public investment In which, the thesis has analyzed the concept, characteristics, classification of public investment and clarified the role of public investment in economic growth, solving social issues and environmental problems Thirdly, the research results of the thesis help to systematize and supplement the theoretical basis for the decentralization of public investment management of local governments through the establishment of 03 main contents of decentralization of public investment management of local governments (Building a legal framework for decentralization of public investment management of local government; Organizing the implementation of decentralization of public investment management of local government; Inspecting and supervising the implementation of decentralization of public investment management of local government); 04 criteria containing scientific content, closely following the objectives of decentralization of public investment management of local governments to comprehensively evaluate decentralization of public investment management of local governments (Effectiveness; Efficiency; Relevance; Sustainability) and 02 groups of factors affecting the decentralization of public investment management of local governments 4.2 Practical contributions In addition to theoretical contributions, the thesis also contributes to helping the central government and local authorities at all levels of Thai Nguyen province get an overall perspective on the decentralization of public investment management of Thai Nguyen province during the period 2016 - 2021 Firstly, the research results of the thesis contribute to helping the central government and local governments at all levels of Thai Nguyen province better understand the situation of public investment of Thai Nguyen province in terms of scale, structure and field of public investment Secondly, by qualitative and quantitative analysis related to 03 contents of decentralization of public investment management of Thai Nguyen province (Building a legal framework for decentralization of public investment management of Thai Nguyen province; Organizing the implementation of decentralization of public investment management of Thai Nguyen province; Inspecting and supervising the implementation of decentralization of public investment management of Thai Nguyen province), the research results of the thesis provide evidence that there are still limitations in the current situation of decentralization of public investment management of Thai Nguyen province during the period 2016 - 2021 Through the IPA model and the integrated Kano – IPA matrix, the thesis has shown that in the current situation of decentralization of public investment management of Thai Nguyen province during the period 2016 - 2021, there are 19 factors that need to be prioritized for improvement; 12 factors need to continue to maintain; 01 factor to reduce investment; 01 low attention factor 4.3 New proposals for solutions Upon the theoretical basis and actual situation of decentralization of public investment management of Thai Nguyen province during the period 2016 - 2021, upon applying the experience of other local authorities; upon the perspectives, goals, and orientations for socioeconomic development of Thai Nguyen province to 2025 with a vision to 2030; the requirements, orientation to complete the decentralization of public investment management of Thai Nguyen province to 2025 with a vision to 2030, the thesis proposes 04 solutions to improve the decentralization of public investment management of Thai Nguyen province to 2025 with a vision to 2030 Important solutions include: - The solutions to synchronize the legal framework for decentralization of public investment management of Thai Nguyen province emphasize solutions to review and systematize the policy on decentralization of public investment management issued by local authorities on a regular and continuous basis; develop mechanisms and policies to decentralize public investment management suitable for each locality in the province; issue documents guiding the inspection and supervision of the implementation of decentralization of public investment management; issue a handbook on decentralization of public investment management in Thai Nguyen province; organize the propagation and dissemination of regulations and policies on decentralization of public investment management - The solutions to complete implementation of decentralization of public investment management of Thai Nguyen province emphasize solutions to complete the construction of a public investment plan; complete the implementation of the public investment plan; complete the organization of the public investment management apparatus - The solutions to develope a mechanism to inspect and supervise the implementation of decentralization of public investment management of Thai Nguyen province emphasize solutions to develop a plan to inspect and supervise the implementation of public investment management decentralization; develop and publicize specific criteria and indicators to evaluate public investment projects; strengthen supervision of People's Councils at all levels of Thai Nguyen province; pay attention to implementing community monitoring activities; detect and handle strictly, promptly and satisfactorily the detected violations; perform independent audit of all public investment projects of Thai Nguyen province - The solutions to enhance the capacity of the public investment managers of Thai Nguyen province emphasize solutions to train staff to management work on public investment; adhere to the principle of transparency and publicity in recruiting and arranging public investment managers in state management agencies; review and supplement the planning on training and employing public investment managers in the field of state management in general and public investment in particular; take disciplinary action against violating managers; train the ethical qualities of local public investment managers In addition, in order to ensure feasibility, the thesis has proposed a number of recommendations to the National Assembly in order to improve the decentralization of public investment management in Thai Nguyen province, such as amending the content related to the Law on Public Investment to create initiative for local governments at all levels to decentralize public investment management; amending a number of other laws to ensure uniformity, as a basis for decentralization of public investment management by local governments Thesis structure In addition to the introduction, conclusion, list of research works, list of references, appendices, the thesis is structured into 04 chapters as follows: Chapter 1: Overview of the research situation and research methods Chapter 2: Theoretical and practical basis of decentralizing public investment to local government Chapter 3: Current status of decentralization of public investment management of Thai Nguyen province Chapter 4: Solutions to perfect the decentralization of public investment management of Thai Nguyen province CHAPTER OVERVIEW OF THE RESEARCH SITUATION AND RESEARCH METHODS 1.1 Literature review The author summarizes home and abroad publications related to the research topic regarding the following content areas: 1.1.1 Studies on the role of state management in public investment The author reviews the studies regarding the following areas: 1.1.1.1 Studies on public invesment 1.1.1.2 Study on the role of state management in public investment 1.1.2 Studies on the areas of decentralization of public investment management of local government The author reviews the studies on the scope and areas of the decentralization of public administration management of local government, including: 1.1.2.1 Studies on the extent of decentralization of public investment management of local governments 1.1.2.2 Research on the areas of decentralization of public investment management of local governments 1.1.3 Studies on criteria for evaluating the decentralization of public investment management of local governments 1.2 Significance and limits of the reviewed studies 1.2.1 Limits and gaps of the studies 1.2.1.1 Limits of the studies The author points out the following limits of reviewed studies: - Regarding research content - Regarding research methods 1.2.1.2 Gaps of the studies In reviewing previous studies, the author finds some gaps in the research topic, which are: - Previous studies have paid attention to the theoretical and practical basis of decentralization of public investment management of a country and some localities However, to the knowledge of the researcher, there are few systematic studies on the decentralization of public investment management of Thai Nguyen province - Previous studies on the decentralization of public investment management to local authorities have taken on different approaches However, there are few systematic studies on: (i) Building a legal framework for decentralization of public investment management of local goverment; (ii) Organizing the implementation of decentralization of public investment management by local goverment; (iii) Inspecting and supervising the implementation of decentralization of public investment management by local goverment - Previous studies have addressed the criteria for evaluating the decentralization of public investment management of local government However, there are few comprehensive studies on the criteria for evaluating effectiveness, efficiency, relevance and sustainability In particular, there are few systematic studies of these criteria using the IPA model 1.2.2 Scientific and practical values from previous studies This thesis is grounded in the scientific and practical values of home and abroad research works as follows: - Some basic theoretical issues about decentralization of management of local government: definition of decentralization of management, definition of local government, model of local government organization - Some basic theoretical issues about public investment including: definition, 10 characteristics and role of public investment - Some basic theoretical issues about the decentralization of public investment management of the local government, including: definition, objectives, principles, evaluation criteria, factors affecting the decentralization of public investment management of local authorities 1.3 Research questions Given the research gap and stated research objectives, the thesis focuses on answering the following questions: Question1: What is the scientific basis for the decentralization of public investment management of local government? Question 2: Which criteria can be used to evaluate the decentralization of public investment management of local governments in terms of: Improving the efficiency of public investment; Bringing into play the dynamism, creativity, autonomy and selfresponsibility of local authorities at all levels; Better meeting the needs of local people and contributing to the local socio-economic development? Question 3: What is the current status of decentralization of public investment management of Thai Nguyen province? What are the limitations of Thai Nguyen province's decentralization of public investment management and the causes of those limitations? Question 4: In order to perfect the decentralization of public investment management of Thai Nguyen province, which areas of decentralization should the local government of Thai Nguyen province improve? What recommendations should be made to improve the decentralization of public investment management of Thai Nguyen province? 1.4 Analytical framework and research methods of the thesis 1.4.1 Analytical framework of the thesis On the basis of reviewing home and abroad literature and consulting experts on public investment management decentralization of local governments, the analytical framework of the thesis is determined as follows: - Three objectives of the local government's decentralization of public investment management include: Improving the efficiency of public investment; Promoting the dynamism, creativity, autonomy and self-responsibility of local authorities in public investment management; Better meeting the needs of local people and contributing to the local socio-economic development - Three areas of the decentralization of public investment management of the local government include: Building a legal framework for decentralization of public investment management of local goverment; Organizing the implementation of decentralization of public investment management of local goverment; Inspect and supervise the implementation of public investment management decentralization of local goverment - Four criteria for evaluating the decentralization of public investment management of local government: Validity, effectiveness, relevance and sustainability - The factors affecting the decentralization of public investment management of local governments: objective factors and subjective factors - Analyze the current situation of decentralization of public investment management of Thai Nguyen province and propose solutions to complete the decentralization of public investment management of Thai Nguyen province 1.4.2 Research Methods 1.4.2.1 Qualitative method 14 investment management among local government levels on the basis of ensuring the compatibility between the level and nature of authority with the actual capacity and conditions of each level in order to enhance the quality, effectiveness and efficiency of public investment management activities at all levels of local government 2.3.2 Objective bases and conditions for implementing decentralization of public investment management of local governments 2.3.2.1 The objective basis of the decentralization of public investment management of local governments First, the decentralization of public investment management by local governments is based on the role of local government in public investment management Second, the decentralization of public investment management is a way to enhance public investment efficiency 2.3.2.2 Conditions for implementing decentralization of public investment management of local governments Firstly, the role of local people Second, information transparency Third, accountability Fourth, state budget 2.3.3 Objectives and principles of decentralization of public investment management of local governments 2.3.3.1 The objectives of decentralizing public investment management of local governments Firstly, improve the efficiency of public investment Second, promote the dynamism, creativity, autonomy and self-responsibility of local authorities in public investment management Third, better meet the needs of local people and contribute to the socio-economic development of the locality 2.3.3.2 Principle of decentralization of public investment management of local governments Firstly, attach the decentralization of public investment management at local authorities to central government Second, ensure the principle of centralized democracy Third, create favorable conditions for implementing the decentralization of public investment management by local governments Fourth, ensure an effective and strict inspection and supervision mechanism 2.3.4 Areas of decentralization of public investment management of local governments 2.3.4.1 Building a legal framework for decentralization of public investment management of local governments The legal system on decentralization of public investment management of the local government includes legal documents and documents applying the law Through the legislative function, the State promulgates the legal system on decentralization of public investment management for general application throughout the country On the basis of central legal documents on decentralization of public investment management, local governments promulgate legal documents on decentralization of public investment management to supplement or detail directional regulations of the National Assembly, Government and central ministries to guide local authorities in implementing public investment management The local government’s legal framework for decentralization of public investment management includes legal provisions on decentralization of public investment management Some key legal provisions on decentralization of public investment management are: - Legal provisions on decentralization of planning - Legal provisions on budget decentralization for public investment 15 In addition to the key provisions mentioned above, there are a number of provisions on decentralization of investors, decentralization in bidding management, decentralization in adjustment of public investment projects Building a legal framework for decentralization of public investment management of local governments must clearly and timely define the authority of local government at all levels in public investment management in order to achieve the objectives of the decentralization of public investment management of the local government 2.3.4.2 Organizing the implementation of decentralization of public investment management of local governments a Developing plans for public investment programs and projects in the locality Basis for developing public investment plans: Socio-economic development plans; Sources of public investment capital of local governments at all levels; Forecast on socio-economic development situation; Functions and duties of government at all levels The process of developing a public investment plan begins with the policies on public invested projects and programs Based on the decided investment policies, the owner of the public investment program or project (the agency or organization assigned responsibility for the management of the public investment program) prepares the public investment program and project, organize appraisals and submit to local authorities at all levels Local governments at all levels make decisions to invest in public investment programs and projects and include them in the list of public investment programs and projects in the medium-term and annual public investment plans of the local government The formulation of public investment plans by local governments at all levels must ensure the basis for formulating public investment plans in general; must seriously conduct the appraisal stage of public investment programs and projects and ensure publicity, transparency and have a mechanism for local people to contribute ideas to public investment plans of all levels of government b Implementing the public investment plan for public investment programs and projects in the locality The implementation of public investment plans by local authorities is a regular and continuous process, from allocating and assigning public investment capital plans, to bidding management and implementation management of public investment projects The implementation of public investment plans of local governments must be in line with the conditions for implementing decentralization of public investment management by local governments c Organizing the public investment management apparatus of the local government First, design the state management apparatus on public investment of the local government Second, design the management apparatus of public investment programs and projects of the local government 2.3.4.3 Inspecting and supervising the implementation of decentralization of public investment management of local authorities a Who inspect and supervise the implementation of public investment decentralization of the local government The implementation of public investment management decentralization is conducted by People's Committees and specialized agencies of People's Committees at all levels The implementation of public investment management decentralization is overseen by: People's Council, Civil society organizations; local people b The areas and methods of inspection and supervision of the implementation of public investment decentralization of local authorities The areas of inspection of the implementation of decentralization of public investment management of the local government includes reviewing and evaluating all aspects of the activities of the lower administrative agencies in performing the tasks of public investment management 16 according to decentralization such as formulating plans for public investment, implementing public investment plans and reviewing and evaluating their own activities in performing public investment management tasks The areas of monitoring the implementation of decentralization of public investment management of local government includes supervising the issuance and implementation of a system of legal documents on decentralization of public investment management by local authorities Inspecting and supervising the implementation of decentralization of public investment management of local governments can be carried out in many different ways such as reviewing reports, establishing inspection and supervision teams, joint supervision, answering questions Inspecting and supervising the implementation of decentralization of public investment management of local authorities must be regular, periodic, irregular, continuous, honest, complete, objective and timely In particular, the supervisory role of the people and civil society organizations must be emphasized 2.3.5 Criteria for evaluating the decentralization of public investment management of local governments On reviewing home and abroad studies, the thesis uses the following criteria to evaluate the decentralization of public investment management of local governments: 2.3.5.1 Effectiveness The criteria to evaluate the effectiveness criteria include: - The extent to which the legal framework for decentralization of public investment management is promulgated fully, timely and synchronously - The extent to which guidelines are fully issued as a basis for formulating public investment plans - The level of dynamism and creativity of local authorities in solving new problems arising in public investment management - How timely obstacles and difficulties in public investment by local authorities are overcome - How quick and timely local authorities respond when the legal policy on decentralization of public investment management is unclear - The degree of coordination between agencies in public investment management - Regularity and timeliness in inspecting and supervising the implementation of decentralization of public investment management - The extent to which legal documents on decentralization of public investment management are promulgated according to regulations - The degree of promulgation and implementation of the basis for developing public investment plans - The extent to which bidding and construction management is implemented according to regulations - The degree of compliance with the State’s policies and laws in inspecting and supervising the implementation of public investment management decentralization 2.3.5.2 Efficiency The criteria to evaluate efficiency include: - How the public investment projects progress compared to the scheduled plan - The extent to which public investment projects meet the quality requirements - How effectively public investment projects are used - Reduce corruption in public investment management - The level of job creation and income for local people when public investment works and projects are put into operation and use - The degree of environmental pollution during construction period and after the project is completed and put into operation - The degree of influence of positive externalities - The degree to which they contribute to poverty reduction 2.3.5.3 Relevance 17 The criteria for evaluating relevance include: - The relevance of the legal framework for decentralization of public investment management to the practical decentralizing of public investment management of local governments - The relevance of the public investment plan to the socio-economic development needs and realities of the locality - The relevance of the decentralized authority of public investment management to the financial capacity of the local government - The relevance of the decentralized authority to the application of information technology in the implementation of public investment management decentralization - The relevance of decentralized authority of public investment management to the ability of managers 2.3.5.4 Sustainability Criteria for evaluating sustainability include: - Stability of the legal framework for decentralization of public investment management - Promote the dynamism, creativity, autonomy and self-responsibility of local authorities in public investment management - How public investment works and projects can be scaled up - The extent to which living environment and the living standards of local people are improved thanks to public investment works and projects 2.3.6 Factors affecting the decentralization of public investment management of local governments The decentralization of public investment management of the local government is influenced by many different factors such as socio-economic development model, cultural factors, customs and habits, geographical location, thinking Among these, the thesis focuses on analyzing and clarifying some key factors affecting the decentralization of public investment management, including: 2.3.6.1 Objective factors Firstly, the state structure model Secondly, the institutional environment 2.3.6.2 Subjective factors Firstly, the level of local economic development Secondly, the capacity of public investment managers Thirdly, the application of information technology in the implementation of public investment management decentralization 2.4 Experience in decentralization of public investment management of some local governments and lessons for Thai Nguyen province 2.4.1 Experience in decentralizing public investment management of local governments 2.4.1.1 Decentralization of public investment management of Vinh Phuc province 2.4.1.2 Decentralization of public investment management of Ha Nam province 2.4.1.3 Decentralization of public investment management of Hoa Binh province 2.4.2 Lessons for Thai Nguyen province First, lessons on building a legal framework for decentralization of public investment management of local governments The decentralization of public investment management is associated with clearly defining the tasks, authority and responsibilities of each level of local government and ensuring that these policies are consistent with the policies and laws issued by the central government and in accordance with the practical situation of public investment management in the locality Second, lessons learned on the implementation of decentralized public investment management of local governments Promoting the decentralization of public investment management must be associated with the 18 conditions for implementing decentralization of public investment management It means to encourage the participation of local people and socio-political organizations in building public investment plans At the same time, implementing the public investment plan in association with increasing publicity and transparency in bidding and adjusting public investment projects In addition, the accountability of management agencies for public investment must be increased in order to improve public investment management responsibility as well as strengthen the supervision of the community Thirdly, lessons on inspecting and monitoring the implementation of decentralizing public investment management of local governments It is necessary for the organizations who inspect and supervise the implementation of decentralizing public investment management to coordinate different levels of government, different functional agencies, with an emphasis on the supervision of the People’s Council, of other major socio-political organizations and of the community Governments at all levels need to establish a strict monitoring system for public investment projects and classify public investment projects in order to have appropriate inspection and supervision measures At the same time, it is necessary to carry out independent audits or audits by high-level agencies for completed projects CHAPTER CURRENT STATUS OF DECENTRALIZATION OF PUBLIC INVESTMENT MANAGEMENT OF THAI NGUYEN PROVINCE 3.1 Overview of Thai Nguyen province and public investment of Thai Nguyen province 3.1.1 Socio-economic characteristics of Thai Nguyen province Thai Nguyen is a political and economic center, a gateway for economic and social exchanges between the Northern Midlands and Mountains and the Northern Delta In recent years, given favorable conditions, the local economy has been increasingly developed with a modern economic structure, and people’s lives have been increasingly improved Recent achievements in economic development and its being the gateway of the Northern Midlands and Mountains have created favorable conditions but also require further public investment in infrastructure, transportation, health care, education to meet the needs and rapidly developing pace of the province However, the infrastructure of transportation, medical services, education of many remote districts and communes is still limited Therefore, local authorities of Thai Nguyen province need to pay more attention to public investment to improve the infrastructure of transportation, health, education, environment of these districts and communes 3.1.2 Current status of public investment of Thai Nguyen province 3.1.2.1 The scale of public investment Public investment capital accounts for an average of 13.3% of total social investment capital of Thai Nguyen province and tends to increase its proportion in total social investment in recent years In recent years, public investment capital of Thai Nguyen province has grown at an average rate of 19.7% per year However, the growth rate of public investment capital tends to be unstable 3.1.2.2 The structure of public investment capital - The structure of public investment capital by source: Public investment capital of Thai Nguyen province comes from the following main sources: public investment capital from the state budget, loans and other socially mobilized capital, with public investment capital from the state budget accounts for a very large proportion of 73.7% on average - Structure of public investment capital by level of decentralized management: Public investment capital managed by the province still accounts for a larger proportion than public investment capital managed by the district, city and town level However, the total decentralized capital for districts, cities and towns is gradually increasing 3.1.2.4 Field of public investment 19 Being a northern midland and mountainous province with many districts and communes far apart, divided by hills and mountains, whose residents live mainly on agriculture, so in recent years, Thai Nguyen provincial government has invested mainly in the transport and agriculture sectors Meanwhile, the processing industries, especially high-tech, artificial intelligence, trade and science and technology industries are not among the most invested industries Particularly those fields of industry, tourism, services, commerce, etc., which are industries with high production value and high added value, receive the least public investment 3.2 Analysis of the current situation of decentralization of public investment management of Thai Nguyen province 3.2.1 Building a legal framework for decentralization of public investment management of Thai Nguyen province 3.2.1.1 Legal framework on decentralization of public investment management in general a Legal provisions on decentralization in planning Since the early 2000s, Vietnam has promoted decentralization in planning From the fact that all plannings of provincial-level municipalities must be built on the basis of a system of ordinances and norms assigned by the central government, approved by the Government, and defended by subordinates in front of higher authorities Up to now, local authorities at all levels have been completely proactive in developing local plans Accordingly, local authorities at all levels actively choose the plan to develop local transport network; select plans for development of telecommunications, postal and telecommunications; select the plan to develop the electricity transmission network in association with the electricity transmission network of the whole region; select plans for development of irrigation and water supply works; choose plans to develop the system of social infrastructure and public welfare; choose plans to develop the education - training network (including vocational training), the health care system and cultural - social facilities People's Committees at all levels submit them to the People's Councils of the same level for approval The public investment plan is an important content of the national socio-economic development plan, so it is also strongly decentralized to local governments at all levels (WB, 2018) The authority to decide on public investment plans is prescribed in the Law on Public Investment Accordingly, the People’s Councils at all levels decide on the local medium-term and annual public investment plans b Legal provisions on decentralization of budget for public investment With the introduction of the State Budget Law, local governments are given more authority in prioritizing resources, especially deciding on budget allocation for public investment Before 2006, the Prime Minister, the Ministry of Planning and Investment, allocated and assigned detailed annual public investment capital plans for each project and specific capital levels (all three groups A, B, C) to localities The localities shall base on that assigned plan for implementation In case they want to adjust the list of projects or the capital level of each project, depending on the scale, they must submit it to the Prime Minister or the Ministry of Planning and Investment for approval Up to now, the Prime Minister has only assigned the total annual investment capital to the localities, the investment capital in the local balance, the total capital of the national target programs and targeted support programs from the central budget According to Article 91 of the Law on Public Investment in 2014 and Article 83 of the Law on Public Investment in 2019, the People's Councils of all levels have the authority to decide on the entire list and the amount of capital allocated for each project with the balance of local budget and capital from state credit for development, capital from local government bonds, capital from revenues left for investment but not yet included in the local budget balance, and other loans from local budgets for investment c Some other legal provisions related to decentralization of public investment management of local authorities 20 The field of bidding is also decentralized and regulated in the Law on Bidding Accordingly, the Government applies state management of bidding activities nationwide and decides on bidding contents for projects under their competence At the provincial level, the People's Committees at all levels are authorized to approve the contractor for the projects they decide to invest in and approve the bidding documents and requirements; approve contractor selection results for projects in which they are investors The Law on Public Investment also specifies the authority to regulate public investment programs and projects Accordingly, the authorities decide whether public investment programs or projects may make adjustments to public investment programs and projects 3.2.1.2 Legal framework on decentralization of public investment management of Thai Nguyen province On the basis of the legal framework on decentralization of public investment management promulgated by the central government, the local government of Thai Nguyen province has issued sub-law documents on the decentralization of public investment management of Thai Nguyen province, including the following two groups: Legal provisions to supplement and legal provisions to detail the regulations on decentralization of public investment management of the Central Government a Legal provision to supplement the central government's policies on decentralization of public investment management (i) Legal provisions on decentralization of revenue sources and spending tasks for public investment in the locality Revenue sources to be divided between provincial, district and commune budgets of Thai Nguyen province include two groups: Group (100% Provincial budget revenue, district budget and commune budget); Group (Revenues divided by percentage (%)) Spending of budget for public investment is specified as follows:: - Provincial budget is responsible for spending on investment and construction of socioeconomic infrastructure projects that cannot recover capital managed by the province - The district budget is responsible for spending money on construction of socio-economic infrastructure works that cannot recover capital from the state budget, land use levy revenue as decentralized by the province for the district level to manage; expenditure on development investment in the national target programs implemented according to the province's decentralization; invest in the construction of public schools at all levels, electricity, lighting, water supply and drainage, urban traffic, urban sanitation and other public welfare works - The commune budget is responsible for spending on investment and construction of socio-economic infrastructure works that cannot recover capital according to the provincial decentralization; development investment spending in national target programs implemented according to the provincial decentralization; investment in the construction of socio-economic infrastructure works of the commune from mobilizing contributions from organizations and individuals for each certain project according to the provisions of law, decided by the communelevel People's Councils to be put into the commune budget for management (ii) Legal provisions on local allocation of public investment capital Funds are allocated as follows: - Centralized state budget capital, after allocating sufficient capital according to the central allocation level to implement projects and programs approved by the Government; The project is 21 approved by the Provincial People's Council, the remaining capital is allocated to the provincial level 60% (for the implementation of large projects in the branches and fields managed by the province; to invest in projects and works under the expenditure task) of the provincial budget; repayment of state budget loans, reciprocal O-project capital), 40% for the district level (for the implementation of projects and works under the tasks of the district budget) - Collecting lottery numbers: To be balanced and supplemented for programs, schemes and investment projects decided by the province in the fields of health, education, - Capital from land use levy: The part collected by the province: Setting up land fund, measuring cadastral maps, reinvesting to create land fund and investing in a number of public infrastructure works by different sectors implementation of the province; The part collected by the district, city and township: To make land fund appropriation according to regulations, take cadastral map measurements, the rest is under the authority of the district level to decide on investment The People's Council of Thai Nguyen province has determined principles, criteria and norms for the allocation of development investment capital from the provincial budget to balance and allocate to projects under the investment tasks of the district budget Criteria for allocating investment capital to districts, cities and towns include: Population criteria; Criteria on the level of development; Criteria for natural area; Criteria for administrative units; Additional criteria Based on the above criteria to calculate the score of districts, cities and towns as a basis for allocating investment capital to projects of each locality b Legal provisions to detail the central government's policy on decentralization of public investment management (i) Legal provisions on decentralization in appraisal of public investment projects (ii) Legal provisions on decentralization in procurement management (iii) Legal provisions on decentralization in the adjustment of public investment programs and projects Thus, on the basis of the legal provisions on decentralization of public investment management issued by the Central Government, the local government of Thai Nguyen province has issued legal provisions to supplement or detail the policies of TW The legal provisions on decentralization of public investment management issued by the local government of Thai Nguyen province are relatively complete and timely, creating a legal basis for the assignment of public investment management authority of Thai Nguyen province local government levels but have not yet ensured the synchronization and compatibility between political decentralization, administrative decentralization and budgetary decentralization, not really creating initiative for local government levels in public investment management In addition, the legal provisions on decentralization of public investment management by the local government of Thai Nguyen province are scattered in many different legal documents and there is no unified legal document governing the entire process decentralization of public investment management as a legal basis for the implementation of public investment management decentralization in Thai Nguyen province 3.2.2 Organizing the implementation of decentralization of public investment management of Thai Nguyen province 3.2.2.1 Developing plans for public investment programs and projects within Thai Nguyen province On the basis of policies on decentralization of public investment management, local governments of Thai Nguyen province have developed public investment plans Public investment plans at all levels are built on the basis of socio-economic development plans, sectoral plans and other relevant plans of Thai Nguyen province Besides, the work of determining the budget balance capital source for the province's medium-term public investment plan is carried out, including sources such as the state budget, project capital, Government bonds However, developing an investment plan Publication offers a fairly 22 extensive list of investment programs and projects, expressing the subjective aspirations and desires of the leadership apparatus at all levels, scattered, lack of focus, and shown to be inconsistent with the needs of the government, pressing needs of the local people 3.2.2.2 Implementing the plans for public investment programs and projects within Thai Nguyen province On the basis of the approved public investment plan, local governments of Thai Nguyen province implement the allocation and assignment of public investment capital plans more centrally, according to the principles and order of priority, thereby reduce the debt arrears in public investment However, the allocation of public investment capital plans by local governments at all levels is still heavily subsidized on average The arrangement of capital plans is not close to the projects The bidding management and appraisal of local authorities at all levels is carried out on the basis of the provisions of the Bidding Law and relevant legal documents The appraisal and approval of contractor selection is carried out in accordance with the current prescribed order and procedures In the past time, the investor has been bidding for the items of the public investment project of Thai Nguyen province in the direction of open bidding, but the form of contractor appointment is still popular and contains many subjective factors Local governments at all levels of Thai Nguyen province have implemented investment divergences for projects using targeted support capital from the central budget with a large total investment; temporarily suspending and extending the progress of some projects that are not really urgent to create conditions for capital concentration for key projects In the process of construction management and execution, the status of delay, capital, project adjustment also occurs due to many different reasons 3.2.2.3 Organization of public investment management apparatus a State management apparatus for public investment In the process of state management of public investment, Thai Nguyen provincial government has built a coordination mechanism between agencies with functions and tasks of public investment management, especially between the Department of Planning and Investment and the Department of Finance , Department of Construction, Department of Transport and other relevant departments and agencies However, when coordinating in performing management tasks between departments and agencies, state management of public investment is still confused, publicity, transparency and accountability are still limited b Public investment program and project management apparatus The management apparatus of public investment programs and projects can be agencies, organizations or specialized project management boards 3.2.3 Inspecting and supervising the implementation of decentralization of public investment management of Thai Nguyen province 3.2.3.1 Regarding the inspectors and supervisors of the implementation of public investment management decentralization Supervising the implementation of decentralization of public investment management by the authorities at all levels with the participation of the People's Council and the residential community People's Committees at all levels have inspected the implementation of public investment management decentralization through their specialized agencies Inspecting and supervising the implementation of public investment management decentralization in Thai Nguyen province with the participation of Inspectors of the Government, provinces, districts, independent auditing agencies in accordance with the provisions of law 23 3.2.3.2 Regarding the content and form of inspection and supervision of the implementation of decentralization of public investment management Monitoring the implementation of public investment management decentralization by People's Councils at all levels is carried out in various forms such as reviewing reports, organizing question-and-answer sessions and answering questions directly at regular meetings with content related to the implementation of public investment by local governments, reports of the Community Investment Supervision Board Every year, the People's Committee of the province establishes an inspection team to review and evaluate the organization and operation situation and the direction and administration of public investment management of the district-level People's Committee At the same time, People's Committees at all levels have assessed the implementation of the province's public investment plan In the process of inspecting and monitoring the implementation of public investment management decentralization in Thai Nguyen province, relevant agencies have discovered the main violations related to: Violations in allocating capital for start-up projects The new construction is not an urgent one; Violation of the law on bidding; Errors in checking and accepting payment volume, disbursement, payment of public investment capital is slow, investment capital advance is prolonged, is late in advance recovery, and violations of regulations on management of investment project costs ; Violation of environmental issues For violations, investors are handled such as: reprimand, warning; replace the investor; not assigned as investor of other projects 3.2.4 Assessing the current status of decentralization of public investment management of Thai Nguyen province according to the chosen criteria 3.2.4.1 Meaning scores and standard deviations of importance and performance of the criteria for assessing the status of decentralization of public investment management From the overview of the evaluation criteria presented in the previous section combined with the results of expert interviews, the thesis has built 33 observed variables corresponding to the survey questions in order to evaluate the validity, reliability, and effectiveness efficiency, suitability and sustainability of the decentralization of public investment management in Thai Nguyen province These criteria will be evaluated on two scales: importance and performance Each scale is rated from to on the Likert scale With a score from to 5, the distance value = (Maximum value - Minimum value) / n = (5-1)/5 = 0.8, so the meaning of the average scores is as follows: Level of importance: - Scale: 1=Not important; 2=Less important; 3= Average; 4= Quite important; = Very important; - Meaning of mean score: 1.00 - 1.80: Very unimportant; 1.81 – 2.60: Doesn't matter; 2.61 – 3.40: Medium; 3.41 – 4.20: Important Performance: - Scale: 1= Very not good; = Not good; 3= Average; = Fairly good; 5= Very good - Meaning of score mean: 1.00 – 1.80: Very poor; 1.81 – 2.60: Poor; 2.61 – 3.40: Medium; 3.41 – 4.20: Good; 4.21 – 5.00: Good From the set of established criteria, questionnaires were prepared and distributed to 300 public investment managers The results obtained were 288 valid answer sheets, cleaned data and ran the IPA model on SPSS software to evaluate the current status of public investment management decentralization in Thai Nguyen province according to the following criteria: validity, effectiveness, suitability, and sustainability The analysis results showed that the sustainability criterion achieved a good level of performance with an average score of 3.45 The remaining criteria of validity, effectiveness, and suitability have an average level of performance with scores of 3.05, 3.14 and 2.98, respectively 24 3.2.4.2 Matrix of importance and performance of criteria for assessing the status of decentralization of public investment management of Thai Nguyen province From the scatter plot and the table summarizing the Kano - IPA matrix, the following observations and policy implications can be made: 19 factors that need to be prioritized for improvement; 12 factors need to continue to maintain and maintain; 01 factor to reduce investment; 01 low attention factor 3.3 Situation of factors affecting the decentralization of public investment management of Thai Nguyen province 3.3.1 Objective factors 3.3.1.1 State structure model 3.3.1.2 Institutional environment 3.3.2 Subjective factors 3.3.2.1 The level of economic development of the locality 3.3.2.2 Capacity of public investment managers 3.3.2.3 The application of information technology in implementing decentralization of public investment management 3.4 Comments on the current situation of decentralization of public investment management of Thai Nguyen province 3.4.1 Results Firstly, the decentralization of public investment management of Thai Nguyen province has identified the authority to manage public investment among local government levels Secondly, the decentralization of public investment management of Thai Nguyen province contributes to promoting economic growth of the locality, especially in cities, districts and towns in Thai Nguyen province Third, the decentralization of public investment management of Thai Nguyen province contributes to improving the quality of life of local people 3.4.2 Limitations and causes 3.4.2.1 Limitations Firstly, the decentralization of public investment management of Thai Nguyen province is still lacking in synchronicity, not ensuring the consistency between political decentralization, administrative decentralization and budgetary decentralization, between decentralized authority and capacity exercise those powers of local authorities Second, the decentralization of public investment management of Thai Nguyen province has not helped to improve the problem of developing a focused and focused public investment plan, stemming from the needs of local people Third, the decentralization of public investment management of Thai Nguyen province has not really created the initiative of local authorities in implementing public investment plans, especially in allocating public investment capital Fourth, the decentralization of public investment management of Thai Nguyen province has not helped improve the efficiency of public investment in Thai Nguyen province 3.4.2.2 The causes of the limitations There are many reasons leading to the above limitations, including: the lack of uniformity in the legal framework on decentralization of public investment management; lack of coordination in performing public investment management tasks among public investment management agencies; inspection and supervision of implementation of decentralization of public investment management is not regular, timely and formal; capacity of the public investment managers of Thai Nguyen province is still limited 25 CHAPTER SOLUTIONS TO PERFECT THE DECENTRALIZATION OF PUBLIC INVESTMENT MANAGEMENT OF THAI NGUYEN PROVINCE 4.1 Perspectives, goals, and orientations for socio-economic development of Thai Nguyen province to 2025 with a vision to 2030 4.1.1 Perspectives on socio-economic development of Thai Nguyen province to 2025 with a vision to 2030 Firstly, the socio-economic development of Thai Nguyen province must be consistent with the socio-economic development strategy of the whole country, the master plan for socioeconomic development in the Northern Midlands and Mountainous region, consistent with the master plan sectors and fields of the country Secondly, socio-economic development based on internal resources is the main combination with external resources, effectively promoting comparative advantages, forming spearhead products and driving force areas Third, bring into play the human factor, attach importance to the development of highquality human resources, and realize social progress and justice in each development step Fourthly, closely combine socio-economic development with environmental protection and sustainable development, strengthen economic links with provinces in the region and the whole country, promote international economic integration 4.1.2 Socio-economic development goals of Thai Nguyen province to 2025 with a vision to 2030 4.1.2.1 Overall goals To build Thai Nguyen province into a developed industrial province, an economic center of the Northern Midlands and Mountains with a modern economy, converging elements of the knowledge economy 4.1.2.2 Specific goals Economic goals: The average economic growth rate to 2025 with a vision to 2030 is about 8%/year Cultural and social goals: Striving for Thai Nguyen province to be truly a high-quality multi-disciplinary and multi-field training center Regarding infrastructure and urban space: Building a synchronous and modern infrastructure system in all fields to meet the socio-economic development needs of the province 4.1.3 Socio-economic development orientation of Thai Nguyen province to 2025 with a vision to 2030 First, industrial development Second, develop agriculture, forestry and fishery and build new rural areas Third, develop services and tourism Fourth, infrastructure 26 Fifth, develop social fields 4.2 Requirements, orientation to complete the decentralization of public investment management of Thai Nguyen province to 2025 with a vision to 2030 4.2.1 The requirements to complete the decentralization of public investment management of Thai Nguyen province to 2025 with a vision to 2030 Firstly, completing the decentralization of public investment management must ensure requirements suitable to the conditions and capacity of local authorities at all levels, promote the dynamism, creativity, autonomy and self-responsibility of the local government local government levels in public investment management Second, completing the decentralization of public investment management must ensure the requirements of enhancing transparency and accountability Third, completing the decentralization of public investment management must ensure the time, cost, and quality of public investment programs and projects, improve the efficiency of public investment, and soon put investment programs and projects into effect public investment into practice, contributing to socio-economic development of the locality 4.2.2 Orientation to complete the decentralization of public investment management of Thai Nguyen province to 2025 with a vision to 2030 Firstly, the decentralization of public investment management aims to perfect the legal framework on decentralization of public investment management in line with local public investment management practices Second, decentralize public investment management towards developing and implementing a focused public investment plan Third, decentralize public investment management towards establishing the state management apparatus of public investment and organizing a complete and effective public investment program and project management apparatus Fourth, public investment management decentralization towards perfection in inspection and supervision of implementation of public investment management decentralization Fifth, decentralization of public investment management aims to strengthen the conditions for implementing decentralization of public investment management 4.3 Some solutions to complete the decentralization of public investment management of Thai Nguyen province to 2025 with a vision to 2030 Based on the problems posed to the decentralization of public investment management of Thai Nguyen province; experience in decentralization of public investment management of some local governments, lessons learned for local governments of Thai Nguyen province; results of summarizing the Kano - IPA matrix on groups of issues related to the validity, effectiveness, suitability and sustainability of the decentralization of public investment management of Thai Nguyen province; viewpoints, objectives and orientations for socio-economic development of Thai Nguyen province; requirements and orientation to perfect the decentralization of public investment management of Thai Nguyen province, in order to complete the decentralization of public investment management of Thai Nguyen province, it is necessary to focus on implementing the following solutions: 4.3.1 Synchronizing the legal framework for decentralization of public investment management of Thai Nguyen province 27 Firstly, review and systematize the policy on decentralization of public investment management issued by local authorities on a regular and continuous basis Second, develop mechanisms and policies to decentralize public investment management suitable for each locality in the province Third, issue documents guiding the inspection and supervision of the implementation of decentralization of public investment management Fourth, issue a handbook on decentralization of public investment management in Thai Nguyen province Fifth, organize the propagation and dissemination of regulations and policies on decentralization of public investment management 4.3.2 Completing the organization and implementation of public investment management decentralization of Thai Nguyen province 4.3.2.1 Completing the construction of a public investment plan Firstly, synchronously develop socio-economic development plans and related plans Second, carry out project appraisal according to standards with advanced appraisal methods and conduct independent evaluation of public investment project appraisal Third, the public investment planning method of Thai Nguyen province is based on the medium-term expenditure framework Fourth, strengthen the participation and consultation of the people in the development of public investment plans 4.3.2.2 Completing the implementation of the public investment plan First, improve the role of the government in guiding the allocation of public investment capital plans Second, publicity and transparency of information in bidding and implementation of online bidding Third, review the implementation progress of public investment projects Fourth, strictly control the adjustment of public investment projects Fifth, application of information technology in public investment management 4.3.2.3 Completing the organization of the public investment management apparatus Firstly, the solution to improve the organization of the state management apparatus on public investment Second, the solution to improve the organization of the management apparatus for the implementation of public investment projects Third, enhancing accountability 4.3.3 Developping a mechanism to inspect and supervise the implementation of decentralization of public investment management of Thai Nguyen province Firstly, develop a plan to inspect and supervise the implementation of public investment management decentralization Second, develop and publicize specific criteria and indicators to evaluate public investment projects Third, strengthen supervision of People's Councils at all levels of Thai Nguyen province Fourth, pay attention to implementing community monitoring activities Fifth, detect and handle strictly, promptly and satisfactorily the detected violations 4.3.4 Enhancing the capacity of the public investment managers of Thai Nguyen province Firstly, adhere to the principle of transparency and publicity in recruiting and arranging public investment managers in state management agencies Second, train staff to management work on public investment Third, take disciplinary action against violating managers Fouth, train the ethical qualities of local public investment managers 4.4 Some recommendations to improve the decentralization of public investment 28 management of Thai Nguyen province to 2025 with a vision to 2030 Firstly, amende the content related to the Law on Public Investment to create initiative for local governments at all levels to decentralize public investment management Second, amende a number of other laws to ensure uniformity, as a basis for decentralization of public investment management by local governments