Prime Minister Pham Minh Chinh convened a national teleconference on Tuesday to seek ways to disburse nearly VND 2.5 trillion in public investment capitap within the next three months.

Prime Minister Pham Minh Chinh chairs a national teleconference on Tuesday to seek
ways to accelerate disbursement of public investment capitap in the last quarter
this year, Ha Noi, September 28, 2021. Photo: VGP

In the first three quarters, the disbursed volume only reached VND 218,550, representing 47.38 percent of this year’s plan.

The low disbursement rate was attributed to several reasons such as slow site clearance and particularly the resurgence of the fourth COVID-19 wave which resulted in the imposition of social distancing order in dozens of localities, particularly the Southeastern region where there are many industrial hubs.

Speaking at the meeting, PM Pham said disbursement of the remaining public capital is a big challenge in the last three months given the COVID-19 pandemic, thus it requires high efforts and determination of subordinate levels.

He urged authorities at all levels to roll up sleeves to strengthen inspection and supervision as well as information exchanges to detect and timely fix obstacles arising in the implementation of public investment projects.

Pham tasked Deputy Prime Minister Le Van Thanh to be in charge of facilitating circulation of goods and input materials for production and implementation of the public investment projects.

The Government chief urged ministries, agencies and localities to actively coordinate in handling institutional obstacles and report to the Government the issues beyond their competence for necessary amendments./.