Binh Khanh Bridge spanning the Soai Rap River in Ho Chi Minh City under construction (Photo: VNA) Of the sum, the disbursed domestic capitalis equivalent to 83.66 percent of the target for this type of funding while foreigncapital 26.77 percent.
By the end of December, sevenministries and 20 localities have posted a disbursement rate of over 80percent, including the provinces of Ba Ria - Vung Tau (95.7 percent), Hai Duong(91.6 percent), and Long An (91.4 percent).
Noting several causes of the modest disbursement, the MoF pointed to the slowassignment of public investment plans for new projects, problems in siteclearance, the complex COVID-19 situation, the surge in prices of constructionmaterials, the lack of drastic moves by some ministries and localities, as wellas the low-quality preparations and limited capacity of some project managers,supervisors, and contractors.
Given this, the ministry continuedrequesting ministries, central agencies, and localities push ahead withimplementing the directions issued by the Government, the PM, and the Cabinet’sinspection delegations so as to disburse as much public investment capital aspossible as ordered by the PM./.
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