Sluggish disbursement of public investment capital will hamper the implementation of projects, and particularly, businesses that borrowed from banks will be seriously affected, a legislator has said.
The National Assembly Standing Committee spent the whole day discussing reports evaluating the implementation of the socio-economic development plan and State budget in 2019 during the ongoing 38th session in Hanoi on October 15.
Addressing the Government’s meeting on October 2, Prime Minister Nguyen Xuan Phuc requested ministries, sectors and localities to push ahead with stronger reforms to promote production and business activities amid several challenges to and problems of the economy.
Prime Minister Nguyen Xuan Phuc has ordered that more drastic solutions to be taken to speed up the disbursement of public investment capital, which he described as an urgent task from now through 2020.
The alarmingly sluggish disbursement of official development assistance (ODA) capital and foreign soft loans continued to be the topic of a teleconference in Hanoi on September 13.
The Southeastern and Mekong Delta regions together have contributed up to 63.7 percent of the national gross domestic product (GDP), Deputy Minister of Planning and Investment Nguyen Van Trung said on August 14.
Economists have forecast that the Vietnamese economy could grow by 6.86 percent this year, higher than the 6.6 – 6.8 percent set by the National Assembly.
About 745.4 trillion VND (32 billion USD) was collected for the State budget in the first half of 2019, equivalent to 52.8 percent of the year’s target and up 13.2 percent year on year, according to the Ministry of Finance (MoF).
Economists have forecast that the Vietnamese economy could grow by 6.86 percent this year, higher than the 6.6 – 6.8 percent set by the National Assembly.
The National Assembly appreciated the Government’s leadership and the drastic implementation of the NA’s resolutions on socio-economic development and State budget when examining the reports on socio-economic performance in 2018 and early months of 2019 on May 31 morning.
Deputy Prime Minister Truong Hoa Binh presented the Government’s report on the implementation of socio-economic development in the first quarter of 2019 and measures for the remaining months of the year at the opening meeting of the 7th session of the 14th National Assembly on May 20.
Prime Minister Nguyen Xuan Phuc has issued Directive 09/CT-TTg, specifying solutions to remove obstacles to production and business activities so as to achieve this year’s growth target.
Prime Minister Nguyen Xuan Phuc has requested all-level authorities and sectors seriously implement his freshly-issued Directive 09 on solutions to remove obstacles to production and business activities so as to achieve this year’s growth target.
The Government has highlighted the need to strengthen macro-economic foundation and control inflation in a resolution recent released at its regular monthly meeting.
Prime Minister Nguyen Xuan Phuc has asked for stronger efforts from sectors to promote macroeconomic stability and control inflation towards fostering sustainable and comprehensive economic growth.
The 14th National Assembly adopted a resolution on adjustments to the medium-term public investment plan for 2016-2020 with 89.48 percent of votes on November 12 during the on-going 6th session.
Party General Secretary Nguyen Phu Trong delivered an opening speech at the 8th meeting of the 12th Party Central Committee on October 2, suggesting issues regarding socio-economic development, the Vietnam Maritime Strategy and the Party building that participants should focus on.
Prime Minister Nguyen Xuan Phuc commended the central province of Ha Tinh for its good growth and high disbursement of public investment capital in the first half of the year, telling it to strive for self-financing.
Prime Minister Nguyen Xuan Phuc was worried about the slow disbursement of public investment capital while chairing the government’s regular meeting in Hanoi on October 3.
Vice Chairman of the Ho Chi Minh City People’s Committee Tran Vinh Tuyen has asked local departments and districts to disburse all public investment capital from 2017 by the end of January 2018.
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