Barriers to public investment disbursement must be removed: Minister
Relevant agencies need to take drastic and concerted actions and quickly remove barriers and difficulties to speed up the disbursement of public investment, Minister of Planning and Investment Nguyen Chi Dung has said.
Minister of Planning and Investment Nguyen Chi Dung (Photo: VNA)
Hanoi (VNA) - Relevant agencies need to take drastic and concerted actions andquickly remove barriers and difficulties to speed up the disbursement of publicinvestment, Minister of Planning and Investment Nguyen Chi Dung has said.
Speaking at an online conference held by the Government on August 21 in Hanoi,the minister said that recovering and promoting economic growth amid the COVID-19pandemic is a crucial political task for 2020, in which accelerating the disbursementof public investment is key.
He called on ministries, agencies, and authorities in localities to focus on clearlyidentifying any shortcomings in directing, conducting, and managing public investmentprojects in order to promptly address any problems, especially those relatingto investment procedures and site clearance.
The ministry has proposed the Ministry of Finance accelerate the application ofinformation technology in managing expenditure and processing capitalwithdrawal applications at its offices and at the State Treasury, in ODAdisbursement, and in concessional loans from foreign donors.
Reports from the Ministry of Finance show that cumulative disbursement ofpublic investment reached over 193 trillion VND in the first seven months of thisyear, equivalent to 40.98 percent of the plan, excluding capital left over fromprevious years.
The total is estimated to hit 221.7 trillion VND (9.5 billion USD) by August 31,or 47 percent of the plan.
Five ministries and central agencies and 19 localities have reported disbursementrates of more than 60 percent.
But 29 ministries and central agencies and six localities have posted rates of lessthan 35 percent.
The minister attributed the slow disbursement of ODA capital partly to the impactof COVID-19, saying that most activities linked to foreign factors, from importingmachinery and equipment to engaging foreign experts, workers, contractors, consultants,and supervisors, and project funding have been delayed./.
Deputy Prime Minister Trinh Dinh Dung held a meeting with the Ministry of Agriculture and Rural Development (MARD) in Hanoi on August 19 to examine public investment disbursement in the agriculture sector.
Prime Minister Nguyen Xuan Phuc on August 19 chaired a meeting of the Government’s permanent members to discuss draft development plans for coming years, asking for effective and feasible solutions to minimise COVID-19-caused losses and recover the economy in both short and medium terms.
Ho Chi Minh City had disbursed nearly 20.06 trillion VND (865.4 million USD) in public investment or 47.6 percent of the plan for the whole year as of the end of July, according to the municipal People’s Committee.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.
The zone will cover 1,881 ha, comprising functional areas for production, logistics, trade and services, digital technology industry, information technology, and innovation.
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.
While the US market has become more difficult to access due to new tax policies, Australia could play the role of a trade cushion, helping to reduce shocks and maintain export momentum for Vietnam's shrimp industry.
Vietnam Cycle Expo 2025 will coincide with the Vietnam Sport Show 2025, an international exhibition on sports and outdoor entertainment, expected to attract more than 20,000 visitors in the three-day event.
Despite global economic uncertainties, Binh Duong has maintained strong momentum in both exports and industrial production during the first half of 2025.
Minister of Planning and Investment Nguyen Chi Dung (Photo: VNA) 
