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VIETNAM NATIONAL UNIVERSITY, HANOI
INTERNATIONAL SCHOOL
=============
NGUYỄN TRUNG HIẾU
EVALUATING THE EFFICIENCY OF PUBLIC
INVESTMENT IN BÌNH GIANG DISTRICT, HAI
DUONG PROVINCE
Program: Master in Financial Management.
Code: 8340202.01QTD
Supervisor: Assoc. Prof. Dr. Pham Xuan Hoan
Hanoi - 2025

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DECLARATION OF AUTHORSHIP
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I hereby declare that this thesis was carried out by myself under the guidance
and supervision of Assoc. Prof. Dr. Pham Xuan Hoan; and that the work contained
in it and the results in it are true by the author and have not violated research ethics.
The data and figures presented in this thesis are for analysis, comments, and evaluations
from various resources by my own work and have been duly acknowledged in the
reference part.
In addition, other comments, reviews and data used by other authors, and
organizations have been acknowledged and explicitly cited.
I will take full responsibility for any fraud detected in my thesis.
ACKNOWLEDGEMENTS
I would like to express my profound gratitude to Associate Professor Dr. Pham
Xuan Hoan, who directly supervised and enthusiastically guided me in conducting this
research. Without his assistance and dedicated involvement in every step of the process,

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this thesis could not have been accomplished. I am extremely grateful for his support,
patience, and understanding throughout this journey.
I would like to sincerely thank the Board of Rectors and the Postgraduate
Training Department of VNU–International School for creating the best possible
conditions for me throughout my studies and during the completion of this thesis. Most
importantly, none of this would have been possible without the unwavering support and
encouragement of my family, friends, and classmates of MFM7 at VNU–International
School. Their insightful discussions and thoughtful feedback have been truly invaluable
in shaping the direction and quality of my research.
Nguyễn Trung Hiếu
………, ………………
SUMMARY
This Master's thesis undertakes a comprehensive study and assessment of the
implementation process of public investment projects in Bình Giang District, Hải Dương
Province, focusing specifically on basic construction investment projects. Furthermore,
the study evaluates the efficiency of public investment in promoting local socio-
economic development, using empirical data and statistical evidence collected from the

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district. By examining the current status and efficiency of public investment in
infrastructure development, the research aims to propose insights and recommendations
that may enhance the efficiency of public investment and support the successful
realization of socio-economic development objectives as set forth by the District
People’s Council.
The thesis was conducted using various research methods, including information
collection, data evaluation, and expert interviews. Data were gathered from official
sources such as the Resolutions of the People's Council of Bình Giang District and
reports from the People's Committee of Bình Giang District. In addition, to support the
research, I conducted interviews with several experts in the field of public investment,
including the Head of the Department of Economic, Infrastructure and Urban Affairs of
Bình Giang District, and the Chairman of the People's Council of Bình Giang District.
These interviews provided diverse perspectives from local leaders and contributed
valuable insights to the study.
The study reveals that the implementation of basic construction investment
projects in Bình Giang District has been carried out in strict accordance with legal
regulations. However, certain limitations still exist, which reduce the overall efficiency
of public investment. The thesis places particular emphasis on evaluating the current
status of public investment project implementation, with a focus on the efficiency of
these projects in terms of financial outcomes, economic impact, cultural and social
development, as well as their influence on social issues and negative phenomena.
TABLE OF CONTENT
DECLARATION OF AUTHORSHIP ii
ACKNOWLEDGEMENTS ii
SUMMARY iii
TABLE OF CONTENT iv
CHAPTER I. INTRODUCTION 1

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1. Rationale for the Research Topic 1
2. Research Objectives 1
3. Research Questions 2
4. Scope of the Study 2
5. Structure of the Thesis 2
6. Theoretical Overview 2
6.1 Related Studies 2
6.2 Overview of Theoretical Basis 3
7. Research Methodology 3
CHAPTER II. THEORETICAL FOUNDATIONS OF PUBLIC INVESTMENT AND THE
EFFICIENCY OF PUBLIC INVESTMENT IN THE CONSTRUCTION SECTOR 4
1. Overview of public investment 4
1.1 Definition 4
1.2 Characteristics of Public Investment 4
1.3 Overview of Public Investment Capital Sources 5
1.4 The Role of Public Investment in Vietnam 5
1.5 Overview of Legal Framework on Public Investment in the Construction Sector 7
2. Theoretical Framework on Public Investment Management and Evaluation of Public Investment
Efficiency. 7
2.1 Concept of Efficiency Public Investment Management 7
2.2 Principles of Public Investment Management 9
2.3 Organization of Public Investment Implementation 10
2.4 Factors Affecting the Efficiency of Public Investment 11
2.5. Evaluation of Public Investment Programs and Projects 12
3. Theoretical Basis of Capital Construction Investment Projects and the Evaluation of Investment
Project Efficiency 13
3.1. Definition of Capital Construction Investment Project 13
3.2. Classification and Categorization of Capital Construction Investment Projects 14
3.3. Project Implementation Process for Basic Construction Investment Projects 14
3.4. Key Requirements for Construction Investment Projects 14
Table 1.Several criteria for evaluating the efficiency of construction investment 16
4. Implementation procedure of construction investment projects funded by district-level budget in
Binh Giang District 16
4.1. Procedure for the preparation, Appraisal, and Allocation of Investment Capital. 16
4.2. Adjustment of the Public Investment Plan 18
4.3. Implementation of summary and reporting according to the regulations of the People's
Council 18
5. Project Implementation Management Process 19

