Vietnamplus

Prime Minister Pham Minh Chinh on August 3 urged stronger determination, efforts and actions to disburse public investment as part of the Government’s main priorities.

Prime Minister Pham Minh Chinh stressed the need to ensure the stability of the macro-economy, markets of different kinds, politics and people’s material and spiritual life, while chairing a regular government meeting on August 3.

The Government convened its monthly meeting on June 4, discussing the socio-economic situation in May and the first five months of 2022 and reviewed the implementation of the government’s socio-economic recovery and development programme and the allocation and disbursement of the State budget this year.

The Vietnamese Government has set up six working groups to speed up the disbursement of public investment to create impetus for post-pandemic economic growth.

Legal steps for operating ODA projects are simplified to accelerate the disbursement of the soft foreign loans after amendments to nine laws took effect earlier this month, according to the Ministry of Planning and Investment (MPI).

Disbursement of investment capital sourced from the State budget was estimated at 46.3 trillion VND (2.02 billion USD) in the first two months of 2022, up 10.4 percent from the same period last year and completing 8.8 percent of the yearly target, according to the General Statistics Office (GSO).

Prime Minister Pham Minh Chinh on February 12 signed a dispatch urging the drastic and effective implementation of the socio-economic recovery and development programme as well as the acceleration of the disbursement of public investment.

Leaders of cities and provinces across the countries proposed that the Government and the Prime Minister continue speeding up decentralisation and the delegation of power to localities in parallel with suitable allocation of resources and strengthening of supervision and inspection during their online meeting with the Government on January 5.

The public investment disbursed in 2021 has reached 77.3 percent of the target set by the Prime Minister, lower than the rate of 82.66 percent recorded last year, according to the Ministry of Finance (MoF).

Deputy Prime Minister Pham Binh Minh has asked ministries, sectors and localities to strictly follow the direction of the Government and the Prime Minister to achieve the highest disbursement rate in the remaining time of 2021 while ensuring the effectiveness of public investment projects.

Disbursement of investment capital sourced from State budget was estimated at 48.5 trillion VND (2.13 billion USD) in November, up 14.7 percent over the previous month, according to the General Statistics Office (GSO).

Prime Minister Pham Minh Chinh chaired an online meeting on promoting disbursement of public capital on September 28.

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.

Public investment disbursement of the central city of Da Nang was estimated to reach 3.4 trillion VND (over 149 million USD) as of August, according to the municipal Department of Planning and Investment.

The disbursement of public investment in the first seven months of 2021 reached 36 percent, 4 percent lower than the figure in the same period last year, according to Deputy Minister of Planning and Investment Tran Quoc Phuong.

Prime Minister Pham Minh Chinh has signed a dispatch rolling out measures to speed up disbursement of public investment in 2021.

The disbursed public investment declined in July due to the surge in COVID-19 cases, but it still grew 5.6 percent in the first seven months of 2021 as compared to the same period last year.

The northern province of Thanh Hoa disbursed more than 5.13 trillion VND (222.92 million USD) in public investment in the first half of 2021, representing 54.4 percent of the yearly plan and a year-on-year increase of 9 percent, making it the country’s sixth best performer.

The Mekong Delta city of Can Tho posted a gross regional domestic product (GRDP) growth rate of 5.61 percent in the first half of 2021, as many sectors have gradually recovered, announced the municipal statistics office on June 28.

The agricultural sector has disbursed about 3.52 trillion VND (152.98 million USD) of public investment in the first six months of 2021, completing 35.83 percent of its yearly target, according to the Ministry of Agriculture and Rural Development (MARD).