Ministry asked to speed up public investment disbursement
The Government has asked the Ministry of Planning and Investment (MPI) to focus on removing difficulties and speeding up the progress of public investment disbursement.
Hanoi (VNA) – TheGovernment has asked the Ministry of Planning and Investment (MPI) to focus onremoving difficulties and speeding up the progress of public investment disbursement.
In Resolution No. 50/NQ-CP issuedrecently, the Government requested the MPI to promptly finalise the allocationand adjustment of public investment plan, while cutting down capital forprojects with slow disbursement to increase capital for other projects, and strengtheningonline bidding.
Each ministry, sector andlocalities must form a working group to inspect and define the responsibilityof individuals and collectives in slow disbursement of public investment,according to the resolution.
The Government also asked the MPIto work with other ministries, sectors and localities to review and update thegrowth scenarios for each quarter and the whole year as well as each sector,thus giving suitable directions.
Heads of ministries,ministry-level agencies and the People’s Committees of centrally-run cities andprovinces were asked to give specific solutions to existing problems and callfor the involvement of the whole political system in completing the set tasksand create breakthrough in their area and locality.
The State Bank of Vietnam mustmonitor and analyse the impacts of the world financial and monetary market forthe deployment of flexible monetary policies, thus controlling inflation andstabilise macro-economy.
The central bank was asked tocreate favourable conditions for enterprises and people to get loans forproduction and business, while strengthening the application of cashless paymentand tackling bad debts.-VNA
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Illustrative image (Source: VNA) 
