Deputy PM calls for quicker disbursement of public investment

Wednesday, 2022-05-18 10:58:53
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The working session between Deputy PM Pham Binh Minh and five central provinces.
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NDO - Deputy Prime Minister Pham Minh Binh had a working session with the leaders of five provinces in central Vietnam on May 17 to discuss their public investment disbursement progress.

According to the Ministry of Planning and Investment, the government has allocated over 29 trillion VND (1.25 billion USD) worth of public funds to Nghe An, Ha Tinh, Quang Binh, Quang Tri and Thua Thien Hue Provinces in 2022.

As of May 15, the three provinces of Ha Tinh, Quang Binh and Quang Tri have reported disbursement rates lower than the national average of 20.27%, with figures at 6.83%, 12.51% and 10.37% respectively.

Such a slow pace is attributed to complicated procedures, unfavourable weather for construction, delayed site clearance, overlapping plans, and building material shortages.

At the working session, local leaders suggested revising several regulations in relevant laws and allowing funds allocated in previous years to be transferred to 2022.

Deputy PM Pham Binh Minh stated that accelerating public investment disbursement is an urgent task, which not only affects the progress of projects but also of each locality’s socio-economic development.

Therefore, he urged provincial authorities to step up the implementation of projects and be ready to replace those who are unable to meet the requirements of the assigned tasks.

Deputy PM Minh also asked the relevant ministries to consider revising outdated regulations and propose the adjustments to the functional agencies for review and approval.

On the same day, Deputy PM Vu Duc Dam also held a working session with 17 ministries and central agencies on accelerating public investment disbursement in 2022.

He noted that leaders of ministries and agencies must determine public investment disbursement as a key political task in 2022 and take aggressive measures to expedite the pace of disbursement.