Deputy Prime Minister Trần Hồng Hà addresses the meeting on public investment disbursement on Thursday in Hà Nội. — VNA/VNS Photo

HÀ NỘI — Deputy Prime Minister Trần Hồng Hà has asked ministries and central agencies to work closely with localities to remove obstacles for particular projects, speeding up public investment disbursement.

Speaking at a meeting with representatives of 17 ministries and central agencies on Thursday, Deputy PM Hà underlined the need to strengthen their capacity to direct and manage the disbursement of public investment capital from the preparation stage to the investment decision.

He requested ministries and central agencies' leaders be responsible for the whole process, from project proposal and verification to implementation.

He said that the Ministry of Construction must apply measures to shorten the verification duration for projects.

According to Deputy Minister of Planning and Investment Đỗ Thành Trung, this year, the total State budget capital assigned to 17 ministries and central agencies is over VNĐ111.76 trillion (US$4.76 billion ).

So far, more than VNĐ105.13 trillion, or 94 per cent of the amount, has been allocated to particular projects.

The 17 ministries and agencies have disbursed VNĐ23.74 trillion, completing 21.24 per cent of the yearly plan.

However, the rate is not equal among the ministries and agencies. While the Ministry of Transport and the Việt Nam Academy of Science and Technology posted 24.27 per cent and 19.44 per cent, respectively, the rest showed slow disbursement.

Trung held that the major reason behind the situation is slow investment procedures. Many ministries pointed to difficulties in ground clearance. — VNS