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Hung Yen works to accelerate public investment disbursement

Speeding up project implementation progress and settling outstanding debt in capital construction for the acceleration of public investment disbursement were highlights of a conference held in the northern province of Hung Yen on September 7.
Hung Yen works to accelerate public investment disbursement ảnh 1At the event (Photo: VNA)
Hung Yen (VNA) – Speeding up projectimplementation progress and settling outstanding debt in capital construction forthe acceleration of public investment disbursement were highlights of aconference held in the northern province of Hung Yen on September 7.

The conference was organised by the provincial People’sCouncil to discuss measures to improve the supervisory role of the body in the disbursementof public investment capital.

Standing Vice Chairman of the council Le Xuan Tien said thatsince the beginning of the year, despite many efforts, the disbursement rate ofthe province remains low, only reaching 36.2%.

During the medium-term public investment period of 2021-2025,Hung Yen’s total public investment capital has so far experienced a remarkablegrowth. After being adjusted and supplemented, the sum is set to exceed 50trillion VND (2.12 billion USD), up 250% compared to the 2016-2020 period.

Currently, the slow disbursement of public investment acrosslocalities is a pressing issue.

Participants attributed the issue to big fluctuations inthe price of materials and fuel, increasing construction costs, and slow siteclearance work.

They suggested prioritising payment of outstanding loans forcapital construction and projects serving social security and suitableto the local budget balancing capacity.

Concluding the function, Chairman of the council Tran QuocToan said it is necessary to strengthen the supervision of public investment inaccordance with issued resolutions, with a focus on tackling difficulties andobstacles facing site clearance, administrative procedures, and rising prices of construction materials, among others./.
VNA
#Hung Yen#outstanding debt#capital construction#public investment disbursement#vietnam#vietnam news agency#vietnamplus
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