MPI urges the need for swift project implementation

July 22, 2023 | 09:00

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The Ministry of Planning and Investment (MPI) organised a conference on July 21 to review its performance in the first half of the year and to implement tasks for the second half.

MPI urges the need for swift project implementation

The report from the MPI on the implementation of the 2023 and 2024 public investment plan presented at the conference said that in the first half of the year, over 30 per cent of the state budget investment plan had been disbursed, an improvement over the same period last year, which stood at just under 28 per cent.

However, under the direction of the government and the prime minister, authorities at all levels should continue to focus on implementing solutions to accelerate disbursement of public investment.

Relevant authorities are urged to distribute capital among projects focussing on socioeconomic recovery and development and those that fall into the medium and long-term investment category for the 2021-2025 period.

The report also emphasised the review of outstanding debts tied to construction, according to the provisions of the National Assembly's resolutions and the guidance of the MPI, and be ready to report to the National Assembly at the sixth session later this year, in October.

"In 2024, public investment will continue to be considered as one of the most important driving forces to promote socioeconomic development," the MPI's report highlighted. "This is the year we accelerate progress to complete the medium-term public investment plan for the 2021-2025 period."

Looking forward, it will soon become necessary to start building medium-term public investment plans for the 2026-2030 period. So local and national authorities need to evaluate the implementation of the 2023 public investment plan carefully to determine the appropriate state budget capital needs heading into 2024.

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Deputy Prime Minister Tran Hong Ha has asked ministries and central agencies to work closely with localities to remove obstacles for particular projects, thus speeding up public investment disbursement.

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By Nguyen Huong

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