Illustrative image (Photo: VNA) Hanoi (VNA) – Deputy Prime Minister Vuong Dinh Huehas asked ministries, agencies and localities to accelerate public investmentdisbursement in line with the Government’s Resolution No.70/NQ-CP and the PM’sDirective No.09/CT-TTg.
Chairing a recent meeting in Hanoi to review the four-monthpublic capital disbursement, the Deputy PM requested stepping up preparationsfor projects, including choosing contractors in line with the law, ensuringprogress as scheduled, among others.
Investors must closely monitor disbursement to promptly ask forthe addition of capital, thus hastening projects’ progress.
Ministries and localities were urged to enhance inspectionand deal with violations in line with the law.
According to the Ministry of Planning and Investment, thePrime Minister has issued decisions allocating State budget capital this yearto ministries, agencies and localities with a total value of over 367.3trillion VND (15.9 billion USD), or 85.5 percent of the plan.
The Finance Ministry reported that the total publicinvestment disbursement surpassed 68.5 trillion VND in the period from January– April 2019, or 16.45 percent of the target set by the legislature, comparedto 15.83 percent recorded during the same period last year. The foreigninvestment disbursement reached only 2.5 percent, lower than the 6.34 percent infour months last year.
During the first four months of this year, nine ministries,agencies and localities achieved high disbursement rate of over 40 percentwhile 39 others disbursed below 10 percent.-VNA
Chairing a recent meeting in Hanoi to review the four-monthpublic capital disbursement, the Deputy PM requested stepping up preparationsfor projects, including choosing contractors in line with the law, ensuringprogress as scheduled, among others.
Investors must closely monitor disbursement to promptly ask forthe addition of capital, thus hastening projects’ progress.
Ministries and localities were urged to enhance inspectionand deal with violations in line with the law.
According to the Ministry of Planning and Investment, thePrime Minister has issued decisions allocating State budget capital this yearto ministries, agencies and localities with a total value of over 367.3trillion VND (15.9 billion USD), or 85.5 percent of the plan.
The Finance Ministry reported that the total publicinvestment disbursement surpassed 68.5 trillion VND in the period from January– April 2019, or 16.45 percent of the target set by the legislature, comparedto 15.83 percent recorded during the same period last year. The foreigninvestment disbursement reached only 2.5 percent, lower than the 6.34 percent infour months last year.
During the first four months of this year, nine ministries,agencies and localities achieved high disbursement rate of over 40 percentwhile 39 others disbursed below 10 percent.-VNA
VNA
