Deputy PM orders tightening discipline in public capital disbursement

Chairing a Hanoi meeting of the working group in charge of inspecting, solving difficulties to accelerate public capital disbursement, Deputy PM Khai, who is also its head, said the current disbursement progress is very slow.

Ministries and agencies must identify where the obstacles lie, which procedures are causing delay and which projects are behind schedule, and propose solutions to fix them, he said.

According to the Ministry of Planning and Investment (MPI), the Prime Minister has allocated over VND38.3 trillion (US$1.66 billion) to 17 ministries and centrally-run agencies to perform 22 tasks and launch 80 projects, including 34 transferred and 46 new ones this year. So far, they have allocated more than VND34.9 trillion to tasks and projects, or 91.2% of the plan assigned by the PM.

However, the disbursement rate only met 0.04% of the PM’s plan, much lower than the national average of 10.35%. Up to 13 ministries and centrally-run agencies have yet to disburse while the remainder’s disbursement was below 2% of the assigned plan by the PM.

The State Bank of Vietnam was assigned to direct disbursement as much as possible in support of businesses and residents.

The Deputy PM urged ministries and agencies to work closely with localities to tackle difficulties in policies, site clearance and create favourable conditions for project implementation and payment.