Speaking at a meeting with representatives of 17 ministries and central agencies on April 27, Deputy PM Ha underlined the need to strengthen their capacity in directing and managing the disbursement of public investment capital from the stage of preparation to investment decision.

An overview of the meeting.

He requested leaders of ministries and central agencies to bear responsible for the whole process from project proposing and verification to implementation.

Particularly, the Ministry of Construction must d apply measures to shorten the verification duration for projects, he said.

According to Deputy Minister of Planning and Investment Do Thanh Trung, this year, the total State budget capital assigned to 17 ministries and central agencies is over 111.76 trillion VND (4.76 billion USD). So far, more than 105.13 trillion VND, or 94% of the amount, has been allocated to particular projects.

To date, the 17 ministries and agencies have disbursed 23.74 trillion VND, completing 21.24% of the yearly plan. However, the rate is not equal among the ministries and agencies. While the Ministry of Transport and the Vietnam Academy of Science and Technology posted 24.27% and 19.44%, respectively, the rest showed slow disbursement.

Trung held that the major reasons behind the situation is slow investment procedures. Many ministries pointed to difficulties in ground clearance.

Vietnam looks to step up economic cooperation with Italian region

A series of workshops and seminars on the potential for promoting economic cooperation between Vietnam and the Umbria region, along with trade and investment promotion events, were hosted by the Vietnamese Embassy in Italy on April 14 – 16.

Bac Giang’s strengths and potentials promoted at 12th Vietnam-France decentralised cooperation conference

(BGO)- The 12th Vietnam-France decentralised cooperation conference took place in Hanoi from 13 to 16 April themed “localities’ cooperation: the driving force for sustainable and comprehensive recovery and development after Covid-19 pandemic”. The conference lured more than 1,000 participants from the central ministries, agencies, 50 localities of Vietnam and 15 localities from France and representatives of enterprises, institutes, unions, hospitals and universities of both countries.

Bac Giang, Hai Duong enhance development cooperation

(BGO) - The Standing Boards of the Party Committees of Bac Giang and Hai Duong provinces on April 12 held a conference to review the implementation of the two localities’ cooperation program on promoting regional linkages. 

Vietnam, China's Guangxi promote trade cooperation

There is ample room for Vietnam and China’s localities, particularly Guangxi province, to boost trade collaboration, said Deputy Director of the city’s Investment & Trade Promotion Centre (ITPC) Nguyen Tuan.

Vietnam treasures friendship, comprehensive cooperation with Laos: FM

President Vo Van Thuong’s official visit to Laos on April 10 and 11 has contributed to creating a new impetus for cooperation between the two countries in 2023 across all key fields, from politics and diplomacy to security, economy, education and training, science and technology, culture, sports and tourism on the basis of the effective implementation of their high-level agreements, Minister of Foreign Affairs Bui Thanh Son has said.

Source: VNA