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Gov’t determined to disburse over US$23 bln in public investment capital this year

VGP - The Government will issue a resolution on accelerating disbursement of public investment, said Prime Minister Pham Minh Chinh while chairing the Cabinet’s meeting on August 3.

August 04, 2022 10:21 AM GMT+7
Gov’t determined to disburse over US$23 bln in public investment capital this year  - Ảnh 1.

According to the Ministry of Planning and Investment, the volume of public investment capital for 2022 totals VND542 trillion (over US$23 billion), 2.5 times higher than that in 2016 and an increase of VND110 trillion (US$4.7 billion) in comparison with 2021. 

As of July 31, the disbursed volume reached about VND186.8 trillion (US$8 billion), making up 34.47 percent of the above figure. 

Fourty one out of the 51 ministries and agencies, and 18 among the 63 localities reported the disbursement rate of public investment capital lower than the national average rate. 

Addressing the event, Pham urged ministers, heads of ministerial-level agencies and chairpersons of provincial-level People's Committees to uphold responsibility for boosting public investment disbursement. 

Earlier in May, Prime Minister Pham Minh Chinh decided to set up six working groups with an aim to accelerating the disbursement of public investment capital.

These groups are led by Standing Deputy Prime Minister Pham Binh Minh, Deputy Prime Minister Le Minh Khai, Deputy Prime Minister Vu Duc Dam, Deputy Prime Minister Le Van Thanh, Minister of Planning and Investment Nguyen Chi Dung, and Minister of Finance Ho Duc Phoc.

The groups are tasked to work with ministries, centrally-run agencies, cities and provinces where disbursement rate is below the country's average rate.

They are responsible for summarizing and analyzing obstacles arising in the implementation of projects using State capital, ODA and concessional loans and put forward measures to speed up the disbursement of public investment capital./.