Tighter discipline needed for public investment: Deputy PM
Deputy Prime Minister Pham Binh Minh highlighted the need to tighten discipline in the disbursement of public investment while chairing a hybrid meeting on the matter with the No.1 Working Group on December 8.
Deputy Prime Minister Pham Binh Minh speaks at the event (Photo: VNA)
Hanoi (VNA) – Deputy Prime Minister Pham Binh Minh highlighted the need to tighten discipline in the disbursement of public investment while chairing a hybrid meeting on the matter with the No.1 Working Group on December 8.
The group consists of eight ministries and central agencies – including the Government Office, Supreme People's Court of Vietnam, Ministry of Foreign Affairs, and Ho Chi Minh National Academy of Politics (HCMA) – as well as the central provinces of Quang Binh and Quang Tri.
At the function, Deputy Minister of Planning and Investment Tran Duy Dong said that the total state budget investment assigned to the group by the PM exceeded 19.75 trillion VND (829.66 million USD) this year.
A Ministry of Finance report showed that the ten units’ rate of disbursement was low between January and November. The rate recorded by Quang Binh province was highest, at 54.98%, followed by the Government Office at 52.01%, and the Ministry of Home Affairs with 50.78%. The Committee of Ethnic Affairs disbursed the least, at just 2.41%.
In his conclusion, Minh said disbursement had progressed gradually; however, compared to the target, the pace remained slow with the rate at some units below 50%.
He requested that the group improve preparations for the projects involved.
The Deputy PM said that for the remainder of the year, the units must ensure payments are made to completed public works to maximise the disbursement rate./.
Secretary of the Hanoi Party Committee Dinh Tien Dung has asked for more concerted, drastic and effective measures to speed up the disbursement of investment projects, especially key ones.
Ho Chi Minh City’s State budget collection has reached its target ahead of schedule, surpassing 392.7 trillion VND (17 billion USD) in the first ten months of this year, up 1.6% from the estimate and 22.3% year-on-year, reported the municipal Statistics Office.
Prime Minister Pham Minh Chinh on November 10 signed an official dispatch requiring all ministries, sectors and localities to speed up the disbursement of public investment in the remaining months of 2022 and the first months of the following year.
An estimated 445.9 trillion VND (over 18.18 billion USD) of investment capital sourced from the State budget was disbursed in the first 11 months of 2022, equivalent to 74.9% of this year’s target and rising19.9% year-on-year, according to the General Statistics Office (GSO).
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The General Secretary underlined the resolve to achieve a growth rate of at least 8% in 2025, laying the groundwork for double-digit growth in the following period. He noted that these are mandatory targets, with no alternative path to success.
Restructuring and improving the quality of officials, civil servants, and public employees is no longer a choice, but an urgent requirement to transition from administrative management to governance in service of the people.
The Vietnamese Embassy in Israel has advised Vietnamese people living there to proactively prepare and seek ways to leave the country via land border crossings, especially toward Jordan or Egypt, when security and safety conditions allow.
Deputy Prime Minister Pham Binh Minh speaks at the event (Photo: VNA) 
