PM calls for full disbursement of public investment
Hanoi (VNA) - Prime Minister Nguyen Xuan Phuc has requested that public
investment capital be fully disbursed this year, viewing this as a key
political task that requires the involvement of the entire political system.
During a teleconference with ministries, agencies, and
localities on August 21, the second of its kind since the first on July 16, the
PM said localities have been more aware of the need for the disbursement of public
investment capital, which has helped create jobs and propel growth.
Nearly 45 percent of all public investment capital is likely
to be disbursed by the end of August. Most ministries, agencies, and localities
have pledged to disburse 95-100 percent, especially those with large amounts, such
as Hanoi, Ho Chi Minh City, and Hai Phong, as well as those with many national projects,
such as Dong Nai province.
According to the Ministry of Planning and Investment,
52 out of 53 ministries and centrally-run agencies and all of the country's 63 provinces and cities have outlined plans to allocate State budget capital this year.
Nearly 455.5 trillion VND (19.8 billion USD) from the State budget, or 95.4
percent of the plan, has been earmarked for eligible projects.
Seven ministries and centrally-run agencies and 31
provinces and cities have proposed increasing central budget allocations by over 13.5
trillion VND.
Seven working delegations led by the PM and Deputy
Prime Ministers and the ministers of finance and planning and investment have inspected
the effort at ministries and localities to tackle difficulties.
The PM said a symposium on official development assistance (ODA) will be held
in the near future. The Ministry of Planning and Investment has been assigned
to work closely with the Finance Ministry and the Government Office to prepare
for the event.
If public investment capital is fully disbursed, the
economy could grow by 1 percent. Therefore, leaders of 31 ministries and centrally-run
agencies and 13 localities with disbursement of less than 35 percent and 15
percent must learn from experience and disburse all capital this year, he said.
Secretaries of municipal and provincial Party Committees,
Chairpersons of municipal and provincial People’s Committees, ministers, and heads of sectors are also
be responsible for the effort.
PM Phuc agreed to establish a working group in charge of
dealing with difficulties in key projects.
The government leader also urged the speeding up of construction
of key national projects, such as Long Thanh International Airport, the eastern
section of the North-South Expressway, and the My Thuan - Can Tho Expressway./.