The disbursement of public investment must be sped up in the second half of this year as an important solution to accelerate economic growth amid the COVID-19 pandemic, according to the Ministry of Planning and Investment.

The Minister of Transport has issued Directive 06/CT-BGTVT on speeding up public investment disbursement in 2021 to successfully realise the socio-economic plan and State budget estimate for the year.

The Vietnamese economy continues to face many difficulties in the following quarters and the target of a 6.5% growth rate this year will be a great challenge as the global economy is still affected by the COVID-19 pandemic, head of the General Statistics Office (GSO) Nguyen Thi Huong has stated.

Public investment disbursement has been accelerated since the opening days of the year as it continues to be seen as an important driving force of economic growth this year, the Dau tu (Vietnam Investment Review) newspaper reported.

Speeding up the disbursement of public investment from the start of this year was an important solution to accelerate economic recovery amid the COVID-19 pandemic, Minister of Finance Dinh Tien Dung has said.

Da Nang has appreciated the contributions and accompany of foreigners in the city in this tough year, and hoped to continue to receive more assistance from foreign individuals, organisations and businesses during the recovery process in the city and the central region as a whole, said Chairman of the municipal People’s Committee Le Trung Chinh.

The capital city of Hanoi disbursed close to VND34.3 trillion (nearly US$1.49 billion) in public investment last year, representing 88.1% of the goal set by the government.

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.