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PM asks faster disbursement of public investment projects

VGP – The Government has issued Resolution 70/NQ-CP on major tasks and necessary measures to accelerate the disbursement of public investment, amid the slow disbursement of the source in the first half of this year.

August 04, 2017 2:30 PM GMT+7

The PM tasked heads of ministries, sectors and provinces to take on more responsibility, while comprehensively implementing measures as defined by the Party, National Assembly, and the Government, to disburse all public investment capital as schedule in 2017.

They were also urged to review the legal framework on investment and to quickly remove any obstacles in order to facilitate the disbursement of public investment.

Specifically, in Q3, 2017, the Ministry of Planning and Investment (MPI) was asked to coordinate with the relevant ministries, sectors and localities to complete investment procedures and allocate mid-term capital to public projects as scheduled in the 2016-2020 period. The ministry will have to report the results to the PM no later than August 10.

The MPI was also assigned to work with the Ministry of Finance to monitor and supervise the monthly disbursement progress and to submit an evaluation report to the PM by the end of January 2018.

The Ministry of Finance was assigned to make independent report on regulations on public investment and disbursement of public investment.

The Ministry of Construction was urged to review regulations on construction and procedures on construction assessment./.

By Kim Anh