More efforts needed to accelerate public investment disbursement: PM
Prime Minister Pham Minh Chinh on November 10 signed an official dispatch requiring all ministries, sectors and localities to speed up the disbursement of public investment in the remaining months of 2022 and the first months of the following year.
Hanoi (VNA) – Prime Minister Pham Minh Chinh on November 10 signedan official dispatch requiring all ministries, sectors and localities to speed up thedisbursement of public investment in the remaining months of 2022 and the firstmonths of the following year.
In the document, the Government leader noted that in theremaining months of this year, amidst more complicated developments of theworld situation, the Vietnamese economy is forecast to face a lot ofdifficulties and challenges, especially in the financial and monetary market,and import-export activities.
To maintain the recovery momentum and gain an economicgrowth rate of about 8% in 2022, administrations at all levels and sectors need tofocus on accelerating the disbursement of public investment, considering this asa driving force for growth and a key political task, thus contributing topromoting the effective coordination between fiscal, monetary and othermacroeconomic policies, in order to stabilise the macro economy, controlinflation, and promote growth in the last months.
This year, ministries, sectors and localities are determinedto disburse 95-100% of public investment sourced from State budget. However,as of October 31, only 51.34% of the capital had been disbursed.
To achieve the set target, the Prime Minister asked for moredrastic, concerted, prompt and effective measures, with a focus placed on settlement ofsite clearance, compensation and resettlement support in a timely and correctmanner, ensuring compliance with the law, and harmonising the interests of theState and people.
It is necessary to strengthen discipline in publicinvestment disbursement, and prepare all the best conditions to quicklycomplete investment procedures, he stressed./.
As of the end of September, the Ministry of Transport (MoT) had disbursed 53.7% of total public investment planned for this year, higher than the national average of 47%, according to Luu Quang Thin, deputy head of the MoT’s Planning and Investment Department.
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Dung underlined several key objectives, including a comprehensive review of the legal framework governing SOEs, and called for updates that reflect international standards and support modern, transparent governance.
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Illustrative image (Photo: VNA) 
