PM orders greater efforts to accelerate public investment disbursement
VOV.VN - Prime Minister Pham Minh Chinh underlined the need to clarify causes and bottlenecks leading to the slow disbursement of investment capital while chairing a conference aimed at promoting public investment in 2024 held on July 16 in Hanoi.
In his opening speech the Vietnamese Government chief emphasised that 2024 represents an extremely important year with acceleration and breakthroughs to successfully implement the goals and tasks adopted at the 13th National Party Congress and the five-year socio-economic development plan for 2021 to 2025, including the goal of having 3,000 km of highways by 2025.
Public investment has always been identified as a key political task, playing a particularly important role in economics, politics, social affairs, defence, and security. It can be considered both urgent and strategic and is a major task which contributes to promoting growth, stabilising the macro-economy, and ensuring major balances of the nation economy, he went on to say.
PM Chinh stressed the importance of three traditional growth drivers, namely consumption, exports, and investment, especially public investment.
He added that since the beginning of the year, the PM has moved to issue two directives, four telegrams, and many other documents relating to the promotion of disbursement of public investment capital and and regular cabinet meetings all have content on public investment.
The disbursement result of public investment capital in the first half of the year reached 29.39%, lower than the same period from 2023 at 30.49%. Of these, 60 out of 107 ministries, agencies, and localities have disbursement rates below the national average. Indeed, the disbursement rate of key national transport projects, locally managed inter-regional transportation projects, and ODA funded projects remained low; whilst the disbursement rate of local budget capital stood at 28.77%, lower than the same period at 32.76%.
It is viewed as imperative to identify objective and subjective causes, difficulties, obstacles, lessons learned, and solutions to accelerate public investment moving forward, the cabinet leader stressed.
He requested that Minister of Planning and Investment Nguyen Chi Dung report specifically and in detail the disbursement of public investment capital in the first half months of the year, along with key tasks and solutions for the second half.
The Government leader also set a target of reaching over 95% of the disbursed capital plan for ministries, agencies, and localities, underscoring the need to review the responsibilities before the PM and the Government in case of failure to fulfill the set disbursement target.
