PM orders speedier public investment disbursement
VGP - Prime Minister Pham Minh Chinh has ordered faster disbursement of public investment capital in the remaining months in a bid to promote economic recovery and development.
In Directive No. 19/CT-TTg signed on October 17, the Government chief emphasized that accelerating disbursement of public investment capital must guaranteeing the quality and efficiency of public investment projects.
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$4.7 billion) in comparison with 2021.
The Government is determined to disburse 95-100 percent of the above figure, according to its Resolution No. 124/NQ-CP dated September 15, 2022.
Over the first nine months, total disbursed volume increased by 16 percent on year to over VND 35 trillion or US$ 1.4 billion, equal to 46.7 percent of the Government's plan.
Only two centrally-run cities and 10 localities reported disbursement rate of over 70 per cent of the public capital allocated by the central Government, the Ministry of Planning and Investment reported.