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90 percent of public investment plan to be disbursed by Q4

Minister of Planning and Investment Nguyen Chi Dung has asked ministries, central agencies, and localities to continue applying measures to speed up the disbursement of public investment capital, with the aim of completing 90 percent of disbursement planned for 2021 by the fourth quarter of the year.
90 percent of public investment plan to be disbursed by Q4 ảnh 1A view of Hanoi Belt Road No.3 (Photo: VNA)
Hanoi (VNA) - Minister of Planning andInvestment Nguyen Chi Dung has asked ministries, central agencies, andlocalities to continue applying measures to speed up the disbursement of publicinvestment capital, with the aim of completing 90 percent of disbursementplanned for 2021 by the fourth quarter of the year.

Dung requested that ministries, agencies, and localitiesbuild disbursement plans for each month and each quarter.

In the first quarter, the retrieval of capital paid inadvance from the State budget investment plan for 2021 is expected to becompleted, while in the second quarter the disbursement of capital for projectspermitted to extend their investment from 2020 to 2021 is to be finished.

In the third quarter, 80 percent of State investmentplanned for 2021 will be disbursed to transitional projects scheduled for completionin 2021, along with the completion of procedures for other planned projects.

Based on the middle-term public investment plan forthe 2021-2025 period, ministries, central agencies, and localities should selectprojects to be launched in the period and complete investment verification andinvestment policies and report to the Ministry of Planning and Investment (MPI)for submission to the Government and the first session of the 15th NationalAssembly for consideration and decision.

Meanwhile, the ministry will continue reviewing the legal corridor andframeworks related to investment and ODA in a synchronous and transparent manner,while speeding up public-private partnerships (PPPs).

According to MPI, by the end of January, 452.4trillion VND (19.66 billion USD) in capital planned for 2020 had been disbursed, equivalent to96.13 percent of the assigned targets, a record for many years.

Disbursement in January was estimated at 15 trillionVND, equal to 3.25 percent of the annual target./.
VNA
#Minister of Planning and Investment Nguyen Chi Dung #isbursement of public investment #State investment #public investment plan #Vietnam #Vietnam news #Vietnam News Agency
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