Thursday, March 4 2021


Cabinet members debate amendments on Law on Public Investment

Update: August, 17/2018 - 09:00
The Vàm Cống Bridge linking Đồng Tháp Province and Cần Thơ city were connected in September last year. The total investment of VNĐ5.7 trillion (US$271 million) comes from Official Development Assistance (ODA) provided by the South Korean government and reciprocal capital from the Vietnamese Government. Public investment is on top agenda of the cabinet’ meeting on Thurday. — VNA/VNS Photo Huy Hùng
Viet Nam News

HÀ NỘI — Prime Minister Nguyễn Xuân Phúc on Thursday chaired the cabinet’s regular meeting on the development of institutions. The discussion focused on the revised Law on Public Investment which amends and supplements a number of articles of laws relating to the Planning Law. 

After hearing opinions and assessments on the amended Law on Public Investment, PM Phúc asked the Ministry of Planning and Investment (MPI) to study and take note of the feedback and suggestions from the various ministries, sectors and cabinet members to complete the draft. 

He said that amendments to the law should be done with the key aim of decentralising and giving clearer authority to ministries, sectors and localities – in particular defining what is the responsibility of chairpersons of provincial-level people’s committees and ministers. 

It is necessary to promote the simplification of administrative procedures; create transparency and facilitation in allocating capital; and improve the efficiency of public investment management, he stressed. 

The Government leader pointed out that the disbursement of public investment has remained slow due to cumbersome procedures. 

The amendments should purely focus on contents related to the budget capital management in investment, and investment projects abroad using State budget, he noted. 

Regarding the concept of public investment sources, Phúc emphasised the need to have clear stipulations in order to ensure consistency with the Construction Law, the Bidding Law and the State Budget Law; as well as making the tasks of spending from and collecting to the State budget concerted. 

He also asked for a clearer definition of the concept in terms of removing obstacles, empowering and facilitating the implementation of public investment activities. 

For the criteria and classification of State budget investment projects, the PM asked the MPI to report clearly on conditions to raise project criteria to the Government for consideration and comments. 

During the meeting, the PM asked the Ministry of Agriculture and Rural Development (MARD) to report on the response to Storm Bebinca, which is heading to the coast from Hải Phòng City to north-central Nghệ An Province. 

He also urged the ministry to devise solutions to prevent and address risks in the rainy season. 

Deputy Minister of MARD Hoàng Mạnh Thắng proposed that the PM help support the 5,886 households in 14 provinces across the country that lost their houses or were forced to evacuate to other areas due to serious flooding, especially those in the northern mountainous provinces of Yên Bái, Sơn La and Hòa Bình.

He asked for assistance worth over VNĐ880 billion (US$37.9 million) for the work, which he said would be provided directly to families in order to build housing and for localities to build infrastructure. 

Applauding the ministry’s proposal, Phúc stressed the necessity to urgently support families that have been made homeless, asking the MARD to work with relevant ministries, sectors and localities to examine accurately the number of families that need support. 

The support resources should be taken from the State and local budgets, as well as those raised from the community and from donations by enterprises, he said. — VNS

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