Special working groups set up to speed up public disbursement
Prime Minister Pham Minh Chinh has decided to establish six working groups to accelerate the disbursement of public investment capital in 2021 at ministries, agencies and localities.
Project on upgrading Pham Huu Lau Street in Dong Thap province’s Cao Lanh city with total investment capital of over 82 billion VND (3.6 billion USD). (Photo: VNA)
Hanoi (VNA) – Prime Minister Pham Minh Chinh has decided to establish six working groups to accelerate the disbursement of public investment capital in 2021 at ministries, agencies and localities.
The working groups, headed by Deputy Prime Ministers and Ministers, are responsible for handling obstacles related to disbursement of public investment in 2021 in provinces and cities, ministries or agencies which recorded disbursement rates below 60 percent by October 31.
They are also tasked to identify the causes of the problems in the implementation of public investment projects, especially those using ODA capital and concessional loans from foreign investors as well as put forward solutions to speed up the disbursement and improve the efficiency of the capital.
The groups will also examine the responsibilities of leaders in directing and dealing with bottlenecks in the disbursement of public investment at each ministry, agency and locality.
The working groups are s🌃upposed to submit reports on the inspection results and recommendations (if any) to the Prime Minister within five working days from the date of completing the inspections while ministries, agencies and localities are requested to coordinate with the groups on the implementation of thei💜r duties./.
Only over 220.7 trillion VN D (9.7 billion USD) worth of public investment capital was disbursed by the end of August, or 40.6 percent of the plan assigned by the Prime Minister.
Amid the complex COVID-19 situation, accelerating the disbursement of public investment is one of the focal tasks Hanoi will carry out in the remaining months of 2021 to achieve the best possible economic outcomes.
Prime Minister Pham Minh Chinh has asked ministries, sectors and localities to apply measures to speed up the disbursement of public investment capital in an effort to reach 95 percent of the disbursement plan for this year.
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.
Over 257.3 trillion VND (11.1 billion USD) in public investment capital were disbursed as of late October, or 55.8 percent of the target assigned by the Prime Minister, reported the Finance Ministry.
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Project on upgrading Pham Huu Lau Street in Dong Thap province’s Cao Lanh city with total investment capital of over 82 billion VND (3.6 billion USD). (Photo: VNA) 
