The disbursement of public investment was estimated at 398 trillion VND (17.24 billion USD) as of the end of December, meeting 82.8 percent of the Government’s plan – the highest rate in the 2016-20 period, according to the Ministry of Planning and Investment.
The second national ethnic minority congress looked back at a decade implementing a letter of resolve adopted by the first congress, which showed ethnic minority people’s trust in the leadership of the Party and State has unceasingly been consolidated; social harmony has been enhanced and the national unity bloc has grown solid.
Hanoi voters and residents have proposed the National Assembly and the Government to continue drastic actions against the COVID-19 pandemic, according to Chairwoman of the Hanoi Fatherland Front Committee Nguyen Lan Huong.
The 10th session of the 14th-tenure National Assembly (NA) is scheduled to open on October 20 and last for 19 days, with both online and face-to-face meetings, NA Secretary General and Chairman of the NA Office Nguyen Hanh Phuc has said.
The National Assembly (NA) Standing Committee convened its 49th session in Hanoi on October 12 afternoon to prepare contents to be submitted to the NA’s 10th session.
The National Assembly (NA) Standing Committee is scheduled to hold its 49th session in Hanoi from October 12 afternoon to October 15 morning, according to the NA Office.
Prime Minister Nguyen Xuan Phuc, who is also head of the Sub-Committee for Socio-Economic Affairs of the 13th National Party Congress, chaired its sixth plenary session in Hanoi on August 28.
Authorities in the central city of Da Nang have adopted a series of measures to bolster its post-pandemic economic development, focusing on attracting investment, promoting production, business, and exports, stimulating domestic tourism and consumption, and addressing difficulties facing key projects.
Authorities in the Mekong Delta city of Can Tho held a meeting with municipal departments and agencies on March 18 to discuss the disbursement of public investment for key local works in 2019 and to launch their 2020 disbursement plan.
The policy of concentrating trusted capital from the local budget to support the poor to the Vietnam Bank for Social Policies (VBSP) has generated a motivation boosting the country’s economic development.
Budget disbursement of under 50 percent have been seen in 31 ministries and sectors as well as 19 localities, and even less than 30 percent in 18 others.
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 Country Director of the Asian Development Bank (ADB) in Vietnam has stated that the country’s capital disbursement rate has slowed down in the past 3 – 4 years.
The Government has issued a resolution assigning major tasks for ministries and local authorities and asking them to identify solutions to obstacles relating to policies and investment schemes in the construction sector.
The Ministry of Planning and Investment (MPI) has asked centrally-run cities and provinces to promptly submit their reports on the implementation and disbursement of public investment in 2018.
The Government should limit or temporarily stop issuing new Government bonds during the remaining months of the year while waiting for the improvement of public investment disbursement.
Vice Chairman of the National Assembly Phung Quoc Hien has advised caution in amending the Law on Public Investment, saying that adjustments are necessary but must not be made hastily, lest the legal system be disrupted.
Business
