At a meeting of Task Force No. 8 on removing obstacles to public investment disbursement on 10/9, deputy prime minister Mai Van Chinh stated that 100% disbursement of public investment funds is the responsibility of ministries, sectors, and localities, and is the main driver of growth. The completion of this task by these units will create momentum for Vietnam to achieve double-digit growth targets in the coming years.

"The capital and resources are sufficient. Failure to fully disburse them is a shortcoming before the government and the people," the deputy prime minister said.

Deputy prime minister Mai Van Chinh speaking at the meeting on 10/9. Photo: VGP

Deputy prime minister Mai Van Chinh speaking at the meeting on 10/9. Photo: VGP

This year, the prime minister assigned a state budget investment plan of 4,080 billion VND to six ministries and central agencies under Task Force No. 8, accounting for 2.2% of the total plan for ministries and central agencies nationwide (20,029 billion VND).

According to a report by the Ministry of Finance, as of 31/8, three out of six ministries and central agencies have fully allocated their assigned capital plans. The remaining agencies have not yet fully allocated a total of 622 billion VND. The estimated disbursement as of 31/8 by these agencies is 952 billion VND, reaching 23.33% of the plan assigned by the prime minister, lower than the national average (46.26%).

Among them, the Voice of Vietnam has a disbursement rate of 73.82%, above the national average. Five ministries and agencies have disbursement rates below the national average: Committee for Ethnic Minority Affairs (6.09%), Ho Chi Minh National Academy of Politics (24.01%), Ministry of Culture, Sports and Tourism (26.39%), Vietnam News Agency (29.94%), and Vietnam Television (39.11%).

The deputy prime minister pointed out that the slow progress is mainly due to inadequate investment preparation and a lack of determination and close supervision in direction and administration by some ministries and agencies. In addition, objective reasons are due to the specific characteristics of the units.

He requested that ministries and agencies closely follow guidelines, ensuring progress, quality, and combating negativity and corruption. At the same time, parties must assign and individualize responsibilities, be proactive, flexible, and promptly inspect, resolve issues, and tightly control the timing and progress of implementation.

"Heads of ministries and sectors must directly supervise and review each specific project, improving the quality of consultant selection during the investment preparation and project preparation phase," the deputy prime minister added.

Phuong Dung