Prime Minister Pham Minh Chinh on February 12 signed a dispatch urging the drastic and effective implementation of the socio-economic recovery and development programme as well as the acceleration of the disbursement of public investment.

VOV.VN - With a high rate of vaccine coverage nationwide in late 2021 coupled with a rapid rollout, the Vietnamese economy is forecast to make a strong recovery with bright and optimistic signals ahead, according to economic experts.

The public investment disbursed in 2021 has reached 77.3% of the target set by the Prime Minister, lower than the rate of 82.66% recorded last year, according to the Ministry of Finance (MoF).

Deputy Prime Minister Pham Binh Minh has asked ministries, sectors and localities to strictly follow the direction of the Government and the Prime Minister to achieve the highest disbursement rate in the remaining time of 2021 while ensuring the effectiveness of public investment projects.

Disbursement of investment capital sourced from State budget was estimated at VND48.5 trillion (US$2.13 billion) in November, up 14.7% over the previous month, according to the General Statistics Office (GSO).

The Government Office has issued the Notice No.262/TB-VPCP dated October 5, 2021 on the Prime Minister’s conclusions at the nationwide teleconference with ministries, centrally-run agencies and localities on stepping up the disbursement of public investment capital this year.

The Vietnamese Government continues to consider official development assistance (ODA) as an important capital source and allocate part of it for socio-economic development in the mid-term public investment plan, said Permanent Deputy Prime Minister Pham Binh Minh.

Only over VND220.7 trillion (US$9.7 billion) worth of public investment capital was disbursed by the end of August, or 40.6% of the plan assigned by the Prime Minister.

The Minister of Transport recently requested the establishment of a special working group to boost the disbursement of public investment capital for projects in the transport sector.

Minister of Planning and Investment Nguyen Chi Dung has said low disbursement of public investment capital amid the COVID-19 pandemic could waste resources and result in the loss of opportunities to create a driving force for economic development.