HCM City aims to disburse at least 95 percent for public investment
Ho Chi Minh City targets achieving a 95 percent or higher rate for disbursement of public spending this year.
The HCM City People's Committee says it is taking drastic measures to speed up disbursement of public funds. (Photo: VNA)HCM City (VNS/VNA) – Ho Chi Minh City targets achieving a 95 percent or higher rate for disbursement of public spending this year.
It has budgeted for expenditure of more than 35.7 trillion VND (1.54 billion USD) on nearly 3,500 projects, and achieved 13.1 percent of it as of the end of April.
Various traffic infrastructure works have begun but been delayed due to the low funds disbursement, according to the Management Board for Traffic Works Construction and Investment.
To speed up public spending, the city plans to take drastic measures in the form of amending procedures to manage and disburse funds.
It will also address other problems, especially land acquisition, one of the biggest, that delay disbursement.
The People's Committee also assigned the State Treasury to release funds within four working days for all projects, closely coordinating with agencies overseeing the works to handle problems.
Le Thi Huynh Mai, Director of the municipal Department of Planning and Investment, said besides focusing on paying compensation and helping resettle people who have to relocate, the city would also step up oversight to ensure efficient use of resources./.
You should also see
Airports to offer 9,000 domestic flights during upcoming holidays
Vietnamese airlines are expected to operate 9,000 flights on domestic routes to meet the travel demand during the upcoming National Reunification Day (April 30) and May Day (May 1) holidays, according to the Airports Corporation of Vietnam (ACV).
See more
Business
Vietnam’s rice exports may exceed 2024 target
With positive results recorded so far, Vietnam can exceed its target of 7.6 million tonnes in rice export volume set for 2024, Nguyen Ngoc Nam, Chairman of the Vietnam Food Association, said at a conference in the Mekong Delta city of Can Tho on April 26.
Business
Ample room for Quang Ninh to attract FDI
The northeastern province of Quang Ninh has ample room to attract foreign direct investment (FDI) and realise the goal of attracting 3 billion USD in FDI this year and 10 billion USD in the 2020-2025 period.
Business
Long An, Dong Nai introduce strengths in RoK
The southern province of Long An and Dong Nai introduced their investment climate as well as socio-economic development orientations at an investment promotion conference held in the Republic of Korea (RoK) on April 26.
Business
Vietnam makes initial efforts to approach creative industries: CIEM
Vietnam has made initial efforts to approach creative industries and services, particularly a policy framework related to creative economy development, according to a new report released by the Central Institute for Economic Management (CIEM).
Business
HCM City wants to become major partner, customer of NVIDIA: Official
Chairman of the People’s Committee of Ho Chi Minh City Phan Van Mai has told the Vice President of Worldwide AI Initiative at NVIDIA, Keith Strier that the city wants to become a major and good partner and customer of the firm in Vietnam.
