The recent COVID-19 fight has revealed many shortcomings in socio-economic development, leaving many precious lessons for the future, the Minister of Planning and Investment acknowledged.
Greater attention should be paid to ethnic minority-inhabited and mountainous areas while designing socio-economic development plans in the future to ensure no one is left behind, many deputies to the 15th National Assembly (NA) have suggested.
Over 257.3 trillion VND (11.1 billion USD) in public investment capital were disbursed as of late October, or 55.8 percent of the target assigned by the Prime Minister, reported the Finance Ministry.
The Vietnam Railway Project Management Board under the Ministry of Transport has submitted to the ministry a project with total investment of over 2.2 trillion VND (95.88 million USD) to improve railway connections between Vietnam's Lao Cai Station and China's North Hekou Station.
The National Assembly (NA)’s Committee for Economic Affairs has asked the Government to carry out a pandemic response strategy that includes support for economic recovery and development.
The Vietnamese economy is likely to gradually recover from the fourth quarter of 2021 and escape the minus growth seen in the third quarter thanks to the activeness of the business community and the Government’s efforts to remove obstacles facing enterprises, held economist Nguyen Bich Lam who is former Director General of the General Statistics Office.
The Government Office has issued the Notice No.262/TB-VPCP dated October 5, 2021 on the Prime Minister’s conclusions at the nationwide teleconference with ministries, centrally-run agencies and localities on stepping up the disbursement of public investment capital this year.
The acceleration of investment in transport infrastructure is the main driving force fueling real estate stocks as many businesses with large land plots located in areas near key infrastructure projects will benefit from this process.
Prime Minister Pham Minh Chinh has asked ministries, sectors and localities to apply measures to speed up the disbursement of public investment capital in an effort to reach 95 percent of the disbursement plan for this year.
Amid the complex COVID-19 situation, accelerating the disbursement of public investment is one of the focal tasks Hanoi will carry out in the remaining months of 2021 to achieve the best possible economic outcomes.
The Hanoi People's Council discussed and approved 15 reports and 18 resolutions including a five-year socio-economic development plan, five-year medium-term public investment plan for 2021-25 and developing infrastructure in suburban areas during its meeting which kicked off on September 22.
The northern province of Quang Ninh is working hard to complete the disbursement of the entire public investment capital which were allocated for projects in the province at the start of 2021.
Deputy Prime Minister Pham Binh Minh on September 14 chaired a meeting of the PM's special working group on removing bottlenecks and promoting the implementation of investment projects across the country.
The Ministry of Planning and Investment estimates the total State budget to reach 516.7 trillion VND (22.6 billion USD) in 2022, up 8.3 percent against 2021’s plan.
Only over 220.7 trillion VN D (9.7 billion USD) worth of public investment capital was disbursed by the end of August, or 40.6 percent of the plan assigned by the Prime Minister.
Prime Minister Pham Minh Chinh requested thoroughly and scientifically studying measures to adapt to the COVID-19 pandemic while chairing the Government’s monthly meeting in Hanoi on September 6.
Ho Chi Minh City disbursed 13.26 trillion VND (583.55 million USD) of public investment capital in the first eight months of this year, fulfilling only 37.1 percent of its target for the year and representing a drop of 27.4 percent over the same period last year, reported the city's Statistics Office.
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