Deputy Prime Minister Vu Duc Dam, Head of the Working Group No.3 on inspecting, urging, removing difficulties and obstacles, and accelerating disbursement of public investment capital in 2022, on October 26, worked with some ministries, agencies, and central and local agencies on the disbursement progress of public investment capital in 2022.
The State Bank of Vietnam has announced adjustment of credit limit for 2022 for fifteen commercial banks by 1 percent to 4 percent, and at the same time requested banks to step up disbursement of the 2-percent interest rate support package as per Decree 31/2022/ND-CP.
Ho Chi Minh City so far has distributed the rent support amount of VND417 billion (US$17.8 million) from the state budget to over 77,000 laborers in 24,000 businesses. The HCMC Department of Labor, Was Invalids and Social Affairs is going to complete this task by August 30. This is the conclusion in yesterday’s meeting of the HCMC Steering Committee for Covid-19 Prevention and Economy Recovery.
Deputy Prime Minister Pham Binh Minh on April 8 signed the Prime Minister’s dispatch requesting the acceleration of disbursement of foreign official development assistance (ODA) and preferential loans.
Foreign investment inflows into Vietnam during the first nine months of this year rose 4.4 percent year-on-year to US$22.15 billion despite the impact of Covid-19, according to the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment.
HCMC has carried out the 2nd support package worth VND900 billion (US$39.2 million) for people in difficulties due to the Covid-19 pandemic. The coronavirus relief package will be completed before August 10.
Financial shortcomings of investors combined with the government’s failure to offer support are some of the reasons multiple BT infrastructure projects in HCMC are being delayed indefinitely, experts said. HCMC authorities, however, are trying to restart some of them.
Ho Chi Minh City had disbursed nearly VND21.28 trillion (US$920 million at current exchange rate) of public investment capital as of August 23, fulfilling 50.5 percent of the assigned capital this year, the city’s Department of Planning and Investment reported.
Deputy Prime Minister Trinh Dinh Dung yesterday had a working session with leaders of the Ministry of Agriculture and Rural Development (MARD) to discuss about implementation of important projects, aiming to promote disbursement of public investment capital and remove difficulties for investment projects.
Vice chairman of the People’s Committee of HCMC, Vo Van Hoan asked the assessment will be promptly carried out by the Assessment Committee for city's metro line projects, Ben Thanh – Suoi Tien and Ben Thanh-Tham Luong, to send them to relevant agencies. Documents can be reported to the HCM City People’s Council to allocate from its own budget by 15 October 2019.
A meeting between Deputy Prime Minister Vuong Dinh Hue and the Ministry of Health, the Ministry of Education and Training, and the Ministry of Culture, Sports and Tourism was convened on medium-term public disbursement of public investment.