Disbursement of public investment capital up 14.7 percent in November
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).
Hanoi (VNA) – Disbursement of investment capitalsourced 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 GeneralStatistics 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 monthsof 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. Thetotal included 304.1 trillion VND of locally-managed capital.
In the January-November period, Hanoi led localities nationwide indisbursement work with 36.9 trillion VND. It was followed by Ho Chi Minh City with17.7 trillion VND, Hai Phong 2.3 trillion VND and Quang Ninh 1.6 trillion VND.
In order to speed up the disbursement of public investmentcapital in the remaining of the year, Prime Minister Pham Minh Chinh has signeda decision to establish six working groups to accelerate the disbursement ofpublic investment capital in 2021 at ministries, agencies and localities.
The working groups,headed by Deputy Prime Ministers and Ministers, are responsible for handlingobstacles related to disbursement of public investment in 2021 in provinces andcities, ministries or agencies which recorded disbursement rates below 60percent by October 31.
They are also tasked to identify the causes of the problems in theimplementation of public investment projects,especially those using ODA capital and concessional loans from foreigninvestors as well as put forward solutions to speed up the disbursement andimprove the efficiency of the capital.
The groups will also examine the responsibilities of leaders in directing anddealing with bottlenecks in the disbursement of public investment at eachministry, agency and locality.
Alongside, the Ministry of Planning and Investment hascontinued to review legal regulations related to public investment anddisbursement to make timely adjustments, especially those on construction, landand resources./.
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Illustrative image (Source: VNA) 
