Chairing a Hanoi meeting of the working group in charge of inspecting, solving difficulties to accelerate public capital disbursement, Deputy PM Khai, who is also its head, said the current disbursement progress is very slow.

Deputy PM Le Minh Khai speaks at the event.

Ministries and agencies must identify where the obstacles lie, which procedures are causing delay and which projects are behind schedule, and propose solutions to fix them, he said.

According to the Ministry of Planning and Investment (MPI), the Prime Minister has allocated over 38.3 trillion VND (1.66 billion USD) to 17 ministries and centrally-run agencies to perform 22 tasks and launch 80 projects, including 34 transferred and 46 new ones this year. So far, they have allocated more than 34.9 trillion VND to tasks and projects, or 91.2% of the plan assigned by the PM.

However, the disbursement rate only met 0.04% of the PM’s plan, much lower than the national average of 10.35%. Up to 13 ministries and centrally-run agencies have yet to disburse while the remainder’s disbursement was below 2% of the assigned plan by the PM.

The State Bank of Vietnam was assigned to direct disbursement as much as possible in support of businesses and residents.

The Deputy PM urged ministries and agencies to work closely with localities to tackle difficulties in policies, site clearance and create favourable conditions for project implementation and payment.

Bac Giang hastens public investment projects, industrial parks

The northern province of Bac Giang aims to speed up the implementation of public investment projects, especially large-scale and key projects in the second quarter of this year, according to the provincial People’s Committee.

Bac Giang to accelerate disbursement of public investment for urgent projects

(BGO)- Disbursement of public investment is defined a key political task in 2023 to boost socio-economic development of Bac Giang province. Thus, the province has directed its localities and investors to highly concentrate on removing obstacles and allocating appropriate budget for rapid disbursement and efficiency.

Vietnam calls for more investment from LG

Deputy Prime Minister Tran Luu Quang hosted a reception for Kim Myoung-kyu, Vice President of LG Display Co Ltd, a subsidiary of LG Group of the Republic of Korea (RoK), on March 31 in Hanoi.

Vietnam’s total social investment up 3.7% in first quarter

The total social investment capital during the January-March period reached 583.1 trillion VND (24.8 billion USD), up 3.7% over the same period last year, according to the General Statistics Office (GSO).

Attracting Japanese investment into new fields

Vietnam ranks second in the list of foreign destinations that Japanese businesses wish to invest in. Digital transformation and green growth are issues suggested for inclusion in the Vietnam-Japan Joint Initiative in the future.

Source: VNA