Hai Phong tops centrally-run cities in public investment disbursement
The northern port city of Hai Phong disbursed about 13.5 trillion VND (531.6 million USD) of public investment capital in the first 11 months of this year, equal to 79.2% of the annual plan assigned by the Prime Minister and 64.2% of its own target, according to the Ministry of Finance.
Hai Phong city is accelerating the Political and Administrative Centre project. (Photo: VNA)
Hai Phong (VNA) – The northern port city of Hai Phong disbursed about 13.5 trillion VND (531.6 million USD) of public investment capital in the first 11 months of this year, equal to 79.2% of the annual plan assigned by the Prime Minister and 64.2% of its own target, according to the Ministry of Finance.
With this result, Hai Phong ranks first among centrally-run cities in terms of public investment capital disbursement.
According the municipal People’s Committee, the top priority has always been given to public investment disbursement. The Standing Committee of the Hai Phong Party Committee has issued monthly directions regarding the issue. In October 2024, Secretary of the Party Committee Le Tien Chau held two working sessions with the Standing Boards of the Party Committees of An Duong and Hai An districts, providing guidance on the disbursement in these localities.
The municipal People's Committee also established two working groups led by the chairman and vice chairman of the committee to inspect, speed up, and resolve difficulties and obstacles to accelerate the disbursement.
With the guidance and involvement of the entire political system, public investment capital has been allocated in accordance with principles, criteria, and priorities set by the municipal People's Council, ensuring efficient use that helps realise economic growth targets and address social welfare issues.
Chairman of the Hai Phong People’s Committee Nguyen Van Tung said that in 2024, the city has focused on disbursing public investment capital for building model new-style rural areas and providing housing supp🐽ort for families of revolution contributors. Additionally, the capital has also been allocated for planning, investment prꦅeparation, supporting districts in developing parks and green spaces, as well as completing important and urgent projects./.
Deputy Prime Minister Ho Duc Phoc has called on ministries, agencies, and localities to accelerate the disbursement of public investment from now until the year-end and further tighten investment management.
The Ministry of Planning and Investment is working with other ministries, sectors and localities to take drastic measures to complete this year's target of disbursing 95% of allocated public investment, its Deputy Minister Tran Quoc Phuong told the Government’s regular press conference on November 9.
Public investment disbursement was estimated at 355.61 trillion VND (14 billion USD) in the first 10 months of this year, fulfilling 52.2% of the annual target, according to the Ministry of Finance (MoF).
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