The disbursement of State budget capital reached an estimated 91.1% of the plan set for the year and rose 34.5% year-on-year, the highest rate in the 2011-2020 period.

VOV.VN - As a means of increasing the efficiency of economic stimulus packages, concrete plans should be devised in an effort to support sectors most affected by the COVID-19 epidemic, including aviation, tourism, and consumption, whilst accelerating the digital transformation and restructuring of businesses’ operations, according to insiders.

Vietnam is making all-out efforts to boost the disbursement of public investment as it seeks to post GDP growth of 3% this year amid the global economic downturn triggered by the COVID-19 pandemic.

Ten out of 12 ministries and agencies have committed to completing the disbursement of foreign loans this year after adjusting down their capital plans, the Ministry of Finance has reported.

The State Audit Office of Vietnam (SAV) held a workshop in Hanoi on September 22 to discuss measures to boost the effectiveness of public investment disbursement and the role of State audits.

Problems remain in the implementation of Hanoi’s middle-term public investment plan for the 2016-2020 period, Vice Chairwoman of the municipal People’s Council Phung Thi Hong Ha said.

VOV.VN - Sanctions are set to be imposed on localities that fail to meet this year’s public investment disbursement target, Prime Minister Nguyen Xuan Phuc stated on August 21 during an online conference in Hanoi.

Relevant agencies need to take drastic and concerted actions and quickly remove barriers and difficulties to speed up the disbursement of public investment, Minister of Planning and Investment Nguyen Chi Dung has said.

Deputy Prime Minister Trinh Dinh Dung held a meeting with the Ministry of Agriculture and Rural Development (MARD) in Hanoi on August 19 to examine public investment disbursement in the agriculture sector.

With drastic, flexible and timely directions of the Government and the Prime Minister, and the strong support from people, Vietnam has obtained important results in performing the dual tasks of fighting COVID-19 and boosting socio-economic development.