Tìm kiếm: public investment

The Government issued Resolution 124/NQ-CP, dated September 15, 2022 on measures and tasks to accelerate public investment disbursement in the rest of 2022.

Prime Minister Pham Minh Chinh on August 3 urged stronger determination, efforts and actions to disburse public investment as part of the Government's main priorities.

Since the beginning of 2022, the northern province of Ninh Binh has implemented numerous solutions to accelerate the progress of public capital projects as scheduled and to disburse public investment capital in a bid to effectively realise the Government's Resolution No. 11/NQ-CP dated January 30, 2022 on the socio-economic recovery and development programme.

The initial six months of the year saw public investment disbursement only met 27.86% of the annual plan, a figure even lower than the 29.02% recorded in the same period last year, according to the Ministry of Planning and Investment (MPI).

Following the Prime Minister's direction in Decision No. 548/QD-TTg, dated May 2, 2022, the Ministry of Finance compiled a summary report on May 18 on inspecting and removing difficulties and obstacles while accelerating disbursement of public investment capital 2022.

Prime Minister Pham Minh Chinh signed Decision No.548/QD-TTg on May 2 to establish six working groups to inspect and remove difficulties and obstacles, and accelerate the disbursement of public investment capital in 2022 at ministries and central and local agencies that have not fully allocated the assigned public investment capital plan by April 30; with the disbursement rate as of April 30 being below the national average (18.48%).

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.

Ninh Binh province had disbursed 1.6 trillion VND of public investment capital by July 31, equivalent to 50.1 percent of the yearly plan and higher than the average figure of the whole country. The above result was attributed to the Ninh Binh's right direction in implementing dual tasks.

The northern province of Ninh Bình disbursed 1.57 trillion VND (some 49.2 million USD) of public investment in the seven months of 2021, fulfilling 50 percent of the set target.

Members of the National Assembly (NA) Standing Committee gave their opinions on the drafts of the socio-economic development plan, national financial plan, plan on borrowing and repayment of public debts and mid-term public investment plan for the 2021-2025 period during their sitting on July 13.

The disbursement of public investment capital in Ninh Binh province reached 1.42 trillion VND (61.7 million USD) in the first six months of 2021, equivalent to 45.16 percent of the yearly plan and higher than the average figure of the whole country.

The disbursement rate of public investment capital in 2021 is expected to reach between 95-100 percent of the plan assigned by the Prime Minister, according to the Ministry of Planning and Investment.

The disbursed amount of public investment funded by official development assistance (ODA) in localities in the first five months of this year stood at only over VND1.1 trillion (US$47.9 million), equivalent to just 1.73% of the year's target, according to the Ministry of Finance (MoF).

Disbursement of public investment in April was estimated at VND30.4 trillion (over US$1.3 billion), a sharp increase of 23.9% over the same period last year and equivalent to 6.6% of the yearly target, according to the General Statistics Office (GSO).

Almost VND40.9 trillion (US$1.77 billion) of public investment was disbursed in the first two months of 2021, equivalent to 9% of the year's plan - the highest level compared to the same period of the last five years.

The disbursement of public investment, including ODA and preferential loans, is considered one of the key tasks of the Vietnamese Government to promote economic development and successfully complete socio-economic development targets in 2020. However, the disbursement progress of ODA and preferential loans in Ninh Binh province still lagged behind schedule.

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.

Prime Minister Nguyen Xuan Phuc had a working session with authorities from the northern province of Ninh Binh on July 12 to check the implementation of socio-economic development in 2020, including the disbursement of public investment.

Vietnam's public investment disbursement in the first half of 2020 was estimated at VND156 trillion (US$6.7 billion), according to the Ministry of Planning and Investment (MPI).

The National Assembly Standing Committee resumed its 45th session on June 1, and adopted a resolution stipulating principles, criteria and quota for the allocation of public investment using State budget in the 2021-2025 period.

The northern province of Ninh Binh disbursed 1.13 trillion VND (some 47.9 million USD) of public investment in the first two months of 2020, fulfilling 50 percent of the set target.

Almost 34.75 trillion VND (1.49 billion USD) of public investment capital was disbursed in the first two months of 2020, equivalent to 7.38 percent of the year's plan and nearly doubling the value and progress in the same period last year.

Ninh Binh disbursed VND 2.5 trillion( 108 million USD) of public investment capital as by September 15, accounting for 94.8 percent of the Government's assigned yearly target, when the slow progress in the effort was recorded in many localities and ministries and branches nationwide.

Legislators will look into State budget and the mid-term public investment plan on October 29, during the sixth session of the 14th National Assembly.

This amount of VND15 trillion (US$640 million) is sourced from the reserve fund of the Medium-term Public Investment Plan for 2016 - 2020 decided by the Standing Committee of the National Assembly for important and urgent railway and road projects.