Thursday, April 2 2020

VietNamNews

Boosting public investment disbursement

Update: March, 27/2020 - 07:16

HÀ NỘI — The Prime Minister has asked the Ministry of Planning and Investment to co-ordinate with relevant agencies and consult experts to finalise a draft report on solutions to remove difficulties, promote economic growth, and ensure social security in the context of the COVID-19 pandemic.

The Government Office issued Notice No 126/TB-VPCP regarding Prime Minister Nguyễn Xuân Phúc’s solutions to remove difficulties, promote economic growth and ensure social security and people's welfare during the COVID-19 pandemic on Wednesday.

The Prime Minister asked ministries and localities to focus on the disbursement of public investment, considering the most important task to offset the growth gap due to the impact of the pandemic.

The Prime Minister requested ministries and localities to strive to disburse 100 per cent of the remaining public investment capital plans from last year and public investment plans for this year.

The notice stated that the Government had asked the Politburo and the National Assembly to allow the transformation of investment forms for the eastern section of the North-South Expressway (eight projects) and Mỹ Thuận – Cần Thơ Highway from a private-public partnership model to a public investment model.

The Government also proposed appropriate capital for the Mỹ Thuận – Cần Thơ Highway project, runways and taxiways at Nội Bài and Tân Sơn Nhất.

The Prime Minister requested ministries and branches to promote private investment and attract foreign investment, deploy solutions to support credit, handle administrative procedures, implement extension and reduction for taxes and fees for businesses, support domestic products, and promote and expand export markets.

Ministries, branches and localities must continue to closely monitor developments and the impacts of the pandemic on economic growth to stimulate growth, implement measures to ensure social security, strictly control prices of goods set by the State and input for production, and ensure adequate supplies of food and essential commodities. — VNS

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