Public investment will focus on key national projects with important roles in enhancing regional links and creating new drivers and room for economic growth, Minister of Planning and Investment Nguyen Chi Dung has said.

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.

With 100% of votes, members of the National Assembly (NA) Standing Committee on January 11 adopted a resolution on the switching of investment format of some component projects on the Eastern North-South Expressway project in the 2017-20 period, which failed to find investors through biddings.

The disbursement of public investment was estimated at VND398 trillion (US$17.24 billion) as of the end of December, meeting 82.8% of the Government’s plan – the highest rate in the 2016-20 period, according to the Ministry of Planning and Investment.

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.

Despite slow disbursement of foreign loans, that of public investment has become faster, contributing to making the country’s positive economic growth target feasible for the year.

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.

The Hanoi People’s Council held its 17th meeting on November 10 to consider and decide upon issues relating to public investment plans.

The disbursement of public investment sourced from the State budget reached VND354.6 trillion (nearly US$15.3 billion) during the past 10 months, an increase of 34.4% compared to the same period last year, according to the General Statistics Office (GSO).

Socio-economic development issues and a draft amended Law on Drug Prevention and Control will be high on agenda at the 10th session of the 14th-tenure National Assembly on November 2.