Capital boosts public investment disbursement rate

17/07/2020

VGP – The Ha Noi municipal People’s Committee has recently issued Action Plan 144/CTr-UBND to resolve business and production difficulties, promote public investment disbursement, and ensure social order in post Covid-19 pandemic. 

 
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Departments and district-level People’s Committees are responsible for providing safety instructions for all types of production and business in favor of the ‘dual’ goal of disease prevention and business development. 

These agencies are in charge of conducting medical supervision for experts who completed quarantine regulations; reviewing measures to attract investment and tackle business and production difficulties; and welcoming investment inflows from multinational groups, high-tech and environmentally friendly firms.

Especially, the action plan aims to accelerate disbursement rate of public projects.

Earlier, Chairman of the Ha Noi People’s Committee Nguyen Duc Chung said that the local authorities would continue to improve the business environment for greater competitiveness, with a focus on IT application and transparency to reduce costs and time for businesses.

For this year, Ha Noi aims for an economic growth of 1.3 times higher than the national average. Since February, Ha Noi had set up a task force specialized in economic recovery efforts.

Among measures to boost economic recovery, Ha Noi has been focusing on the development of the industry and construction sectors, agriculture, domestic tourism, along with sectors having advantages during the Covid-19 crisis, such as IT, public online services, production of medical equipment, among others.

The first quarter of the year has seen the halt of operation of a total of 4,240 enterprises due to the negative impact of the novel coronavirus (COVID-19) epidemic, representing a sharp increase of 36% in comparison to the same period last year./.

By Kim Loan