Gov’t tasks inferior levels to fix shortcomings in disbursing public investment
19:47 | 12/10/2019
VGP – The Government has tasked inferior levels to proactively coordinate in addressing shortcomings in a range of issues like disbursement of public investment capital, site clearance, equitization, and capital divestment.

This is part of the Government’s requirements rolled out in its latest resolution.

As disbursement of public investment has been slow in recent time, the Government convened a video conference last month to seek solutions to remove obstacles in this area.

Disbursement varies from ministry to ministry and locality to locality, in which many ministries and localities have extremely low rate, from 10%-15% in the first nine months, said PM Phuc.

Only seven ministries, agencies and 14 localities disbursed above 70% of capital, Phuc added.

He warned that slow disbursement could hinder economic growth, undermine trust of investors and donors, cause huge wastefulness, and increase investment costs.

The Government also required ministries and agencies to assess comprehensively the impacts of trade tensions between big countries and update growth scenario to propose proper measures for each sector, according to the resolution.

They must continue further slashing outdated business conditions and evaluating the outcomes of business environment in each sector and locality.

The Government also urged local authorities to promptly review production facilities using dangerous and toxic chemicals and move them away from residential areas./.

By Thuy Dung

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