The Vietnamese government remains steadfast in disbursing the full target amount of VND630 trillion (US$27.26 billion) to aid economic recovery.
Officials would face disciplinary actions if their ministries and localities fail to realize their respective disbursement targets of public investment funds for this year, Prime Minister Nguyen Xuan Phuc has warned.
The government remains steadfast in disbursing the full target amount of VND630 trillion (US$27.26 billion). |
The government remains steadfast in disbursing the full target amount of VND630 trillion (US$27.26 billion) to aid economic recovery, and this requires the active participation of the entire political system, Mr. Phuc said at a government meeting today [August 21].
Priority should be given to major infrastructure projects to avoid any delay, including the North-South Expressway, Long Thanh International Airport, and My Thuan – Can Tho expressway, among others, Mr. Phuc stressed.
Minister of Planning and Investment Nguyen Chi Dung said the most challenging issue in public disbursement is the site clearance process, including the verification of the origin of land and the compensation for affected households.
Mr. Dung pointed to the site clearance as a major obstacle for the Eastern North-South expressway project in the 2017 – 2020 period, in which 13 provinces and cities are involved.
As of July 31, the disbursement amount stood at VND193.04 trillion (US$8.32 billion) or 40.98% of the government’s target. The figure is estimated to reach VND221.76 trillion (US$9.56 billion) or 47% of the total estimate by August 31, higher than the 41.39% recorded in the same period last year.
To date, 39 ministries, ministerial-level agencies and six provinces have disbursed 35% of plans or less, with 15 agencies and one province disbursing even less than 15%.
Other News
- Hanoi aims to complete An Duong – Thanh Nien overpass in June
- Hanoi nears start of construction on US$660-million Tran Hung Dao Bridge project
- Hanoi creates favorable conditions for Turkish businesses
- Transforming Thien Quang Lake: Central hub for community connectivity
- PM urges to accelerate investment in expressway projects
- State President highlights Hanoi’s effort in implementing Ring Road No.4 project
- Vietnam Gov’t earmarks US$27 billion for public investment in 2024
- Hanoi targets disbursing at least 95% of public investment funds in 2024
- Vietnamese Gov’t considers raising speed limit on 4-lane expressway
- Vietnam, South Korea team up for smart city development
Trending
-
Vietnam Innovation Challenge 2024: Sparking innovation for semiconductor and AI industries
-
Vietnam news in brief - March 18
-
Vietnam’s Foreign Ministry negotiates visa waiver agreements with 15 countries
-
The nostagic beauty of Hanoi streets in sketches
-
Casinos contribute US$370 million to state budget over 5 years
-
Hanoi Times Weekly Podcast - Mar. 16
-
"Get on Hanoi 2024" kicked off
-
Smart City environmental impact assessment approved
-
Get On Hanoi 2024: Exhibitions and artistic performances wow visitors