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PM orders accelerating public capital disbursement

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.

Accordingly, the PM hailed four centrally-run agencies and 11 localities for disbursing 60% of the assigned capital plan as of late September, and reprimanded 36 ministries, centrally-run agencies and eight localities for completing below 40% of the target.

PM, accelerating, public capital disbursement, Government Office, nationwide teleconference, public investment capital

PM Pham Minh Chinh speaks at the event.

As the Covid-19 pandemic is forecast to remain complicated in remaining months of this year, he requested pooling the involvement of the entire political system, strengthening leadership and directions of ministries and agencies, further upholding the role of leaders and the sense of responsibility of each individual, in order to accelerate public investment capital disbursement in tandem with ensuring the quality of works and fighting corruption and wastefulness.

Ministers, heads of centrally-run agencies, Chairpersons of People’s Committees of centrally-run cities and provinces must regularly inspect the pace of investment projects in order to timely discover and tackle arising difficulties in each project, especially key ones, considering it one of the important political tasks this year.

The Ministry of Planning and Investment is responsible for reviewing and streamlining administrative procedures as much as possible, as well as increasing online working to save time and costs.

The Ministry of Finance will publicise monthly results of the work on portals of the Government, ministries, centrally-run agencies and localities.

The PM’s special working group on solving tackling difficulties in projects and others on public investment capital disbursement at ministries, centrally-run agencies and localities must keep a close watch of the situation as well as promptly fix arising issues.

PM urges for effective solutions to accelerate public investment disbursement
Prime Minister Pham Minh Chinh chaired an online conference of the Government Standing Committee with ministries, branches, localities and agencies to discuss solutions towards accelerating the disbursement of public investment in 2021.
 
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Disbursement of public investment in April was estimated at VND30.4 trillion (over US$1.3 billion), a sharp increase of 23.9% over the same period last year and equivalent to 6.6% of the yearly target, according to the General Statistics Office (GSO).
 
Public investment disbursement rises 10.6% in first two months
Almost VND40.9 trillion (US$1.77 billion) of public investment was disbursed in the first two months of 2021, equivalent to 9% of the year’s plan – the highest level compared to the same period of the last five years.
 

Source: NDO/VNA

PM, accelerating, public capital disbursement, Government Office, nationwide teleconference, public investment capital
 
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