Capital speeds up investment capital disbursement for 2020


VGP – The Ha Noi municipal People’s Committee issued a notice, asking relevant agencies to accelerate disbursement rate of development investment for 2020. 

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Specifically, as of late December 31, 2020, over VND 34.3 trillion (nearly US$ 1.49) of public capital had been disbursed, equivalent to 78.3% and 88.1% of preset goals set by the local authorities and the PM, respectively.  

However, it was reported that a number of local units have seen sluggish disbursement of public capital and failed to realize the goals, including Thach That (meeting 56.4% of preset goal); Thuong Tin (57.3%)Chuong My (64.5%). 

As of late January 31, 2021, the Ha Noi municipal People’s Committee tasked relevant departments, sectors, and  district- and town-level administrations to speed up public investment disbursement by the end of January especially completion of dossiers and disbursement procedures, and strive for the preset goal for 2020. 

The entire city must make all-out efforts to increase the 2020 disbursement rate to the highest possible rate./.

By Kim Anh