Từ khóa: #Disbursement of public investment capital

Many localities and competent agencies in Ho Chi Minh City are making great efforts to achieve the disbursement rate as per plan.

Ho Chi Minh City Party Committee has just announced the establishment of working teams in charge of inspection and supervision for public investment capital disbursement and the city’s key projects.

HCMC has implemented 12 solutions for promoting socio-economic development since the second quarter (Q2) this year.

Although the Vietnamese economy made a strong recovery right after the Covid-19 pandemic, this growth is now facing many challenges and the pace is not accelerating as expected. 

At a meeting with Ho Chi Minh City on the task of socio-economic development, disbursement of public investment capital, and the progress of key projects, Prime Minister Pham Minh Chinh said that it is necessary to design a tool to control investment activities in corporate bonds.

The HCMC’s disbursement of public investment capital totaled VND11,443 billion by September 15, accounting for 43 percent of the Government's yearly target. Some among them, including VND9,591 billion from the city’s State budget, VND1,210 billion from the Central budget and VND641 billion from official development assistance (ODA) capital.

Prime Minister Nguyen Xuan Phuc has ordered that more drastic solutions to be taken to speed up the disbursement of public investment capital, which he described as an urgent task from now through 2020.