The disbursement of public investment has reached only 55.8 per cent of the annual plan. The government has called for the process be speeded up in the closing months of the year, with the pandemic now largely under control.
As of the end of September, central Da Nang city had disbursed VND3.5 trillion ($153.97 million) in public investment capital, or 50.5 per cent of the plan. The city is actively speeding up progress at large-scale and key projects and creating an open investment environment for businesses.
The Prime Minister has requested that heads of ministries, agencies, and localities with a public investment disbursement rate of less than 25 per cent identify solutions to speed up the process. He also directed them to transfer capital to other ministries, agencies, and localities if the disbursement rate remains at less than 60 per cent in the third quarter. As of the end of July, the disbursement rate at certain agencies was 0 per cent.
Problems in site clearance were behind delays at nearly 60 per cent of public investment projects that fell behind schedule last year. Separating the site clearance and resettlement process from investment projects is considered an important solution in removing this long-lasting bottleneck that slows down public investment.
