Prime Minister lays emphasis on public investment disbursement

The disbursement of public investment capital should be one of the criteria to measure the performance of agencies, sectors and localities, Prime Minister Nguyen Xuan Phuc said in conclusion of the online conference between the Government and localities on July 2.
Prime Minister lays emphasis on public investment disbursement ảnh 1The online conference between the Government and localities on July 2 (Photo: VNA)
Hanoi (VNA) – The disbursement of public investment capitalshould be one of the criteria to measure the performance of agencies, sectorsand localities, Prime Minister Nguyen Xuan Phuc said in conclusion of theonline conference between the Government and localities on July 2.

The PM said the Government will set up inspection teams to check thepace of disbursement in localities, adding that this work is one of thesolutions to restore the economy.

He highlighted the requirement of shoring up epidemic preventionalongside advancing on the economic front. “This is a double goal, which mustbe implemented at the same time,” Phuc said.

He urged frontline forces in the pandemic battle to stay vigilant againstthe return of the COVID-19.

Regarding other measures to promote economic development, PM Phuc saidbesides pumping more capital into the economy, it is necessary to use toolssuch as monetary and fiscal policies in a flexible way. He added that theinflation must be kept under 4 percent this year.

Phuc required the Ministry of Finance, Ministry of Planning andInvestment, and the State Bank should build plans to arrange funding for the implementationof supporting policies.

He asked the Ministry of Labour, Invalids and Social Affairs to reviewsupport policies targeting people and enterprises affected by the COVID-19pandemic with a view to removing hindrances related to procedures.

Stressing the need to capitalise on opportunities brought about by theEU-Vietnam Free Trade Agreement (EVFTA) and the EU-Vietnam InvestmentProtection Agreement (EVIPA), the PM asked agencies, sectors and localities to maintainthe goal of import-export and strive for a trade surplus this year.

Ministries and sectors should focus on implementing key projects, hesaid, and reminded localities to continue remove obstacles in administrativeprocedures to create a favourable investment environment for citizens andenterprises.

The PM also required ministries, sectors and localities to put in place measuresto mitigate the impacts of natural disasters in the context of complex andunforeseeable weather conditions./.
VNA

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