Disbursement of public investment capital up 14.7 percent in November

Wednesday, 2021-12-01 17:50:51
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Disbursement of investment capital sourced from State budget was estimated at 48.5 trillion VND. (Illustrative image/Source: VNA)
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NDO/VNA – 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).

However, the result represented a drop of 12.9 percent compared to the same period last year, the GSO reported, adding that in the first 11 months of 2021, 367.7 trillion VND (16.18 billion USD) of the capital was disbursed, fulfilling 73.8 percent of the yearly target, down 8.7 percent year on year. The total included 304.1 trillion VND of locally-managed capital.

In the January-November period, Hanoi led localities nationwide in disbursement work with 36.9 trillion VND. It was followed by Ho Chi Minh City with 17.7 trillion VND, Hai Phong 2.3 trillion VND and Quang Ninh 1.6 trillion VND.

In order to speed up the disbursement of public investment capital in the remaining of the year, Prime Minister Pham Minh Chinh has signed a decision to establish six working groups to accelerate the disbursement of public investment capital in 2021 at ministries, agencies and localities.

The working groups, headed by Deputy Prime Ministers and Ministers, are responsible for handling obstacles related to disbursement of public investment in 2021 in provinces and cities, ministries or agencies which recorded disbursement rates below 60 percent by October 31.

They are also tasked to identify the causes of the problems in the implementation of public investment projects, especially those using ODA capital and concessional loans from foreign investors as well as put forward solutions to speed up the disbursement and improve the efficiency of the capital.

The groups will also examine the responsibilities of leaders in directing and dealing with bottlenecks in the disbursement of public investment at each ministry, agency and locality.

Alongside, the Ministry of Planning and Investment has continued to review legal regulations related to public investment and disbursement to make timely adjustments, especially those on construction, land and resources.