Deputy Prime Minister Vuong Dinh Hue speaks at a meeting with representatives from the working group of the Government (Source: VNA) Hanoi (VNA) –Deputy Prime Minister Vuong Dinh Hue recently requested that ministries,sectors, and localities speed up the allocation of public investment, amid the slowdisbursement of public investment in the first two months of 2019.
According to a planapproved by the National Assembly, 416 trillion VND (18 billion USD) will bespent on development investment in 2019. To date, Prime Minister Nguyen Xuan Phuchas allocated 355.6 trillion VND to different projects.
Of the total allocatedcapital, disbursement during the January-February period reached 4.52 percent,2.31 times higher than that of the same period last year, but still at a lowlevel.
Therefore, the DeputyPM urged ministries, sectors, and localities to steer investors to quicklycomplete procedures to speed up disbursement and construction.
They were required tostrictly follow the Government’s Resolution No.70 on main tasks and measures tospeed up capital disbursement, including sending monthly reports on theimplementation process to relevant ministries.
Over the past threeyears, procedure-related regulations of the 2014 Public Investment Law haveresulted in slow investment disbursement, affecting the progress of projectsand the nation’s economic growth.
The disbursement ofpublic investment in 2018 reached 263.6 trillion VND, meeting just 66 percentof the National Assembly’s target. –VNA
According to a planapproved by the National Assembly, 416 trillion VND (18 billion USD) will bespent on development investment in 2019. To date, Prime Minister Nguyen Xuan Phuchas allocated 355.6 trillion VND to different projects.
Of the total allocatedcapital, disbursement during the January-February period reached 4.52 percent,2.31 times higher than that of the same period last year, but still at a lowlevel.
Therefore, the DeputyPM urged ministries, sectors, and localities to steer investors to quicklycomplete procedures to speed up disbursement and construction.
They were required tostrictly follow the Government’s Resolution No.70 on main tasks and measures tospeed up capital disbursement, including sending monthly reports on theimplementation process to relevant ministries.
Over the past threeyears, procedure-related regulations of the 2014 Public Investment Law haveresulted in slow investment disbursement, affecting the progress of projectsand the nation’s economic growth.
The disbursement ofpublic investment in 2018 reached 263.6 trillion VND, meeting just 66 percentof the National Assembly’s target. –VNA
VNA
