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VietNamNews

HCM City eyes systematic public investment

Update: February, 26/2019 - 06:15
Departments and district administrations are said to ensure this year’s public spending plans. -- voh.com.vn
Viet Nam News

HCM CITY — The HCM City People’s Committee has urged all its departments and district administrations to ensure this year’s public spending plans are fully fulfilled.

Nguyễn Thành Phong, chairman of the People’s Committee, instructed all city authorities to speed up appraisal and approval of projects.

Sài Gòn Giải Phóng (Liberated Sài Gòn) newspaper quoted him as saying: “Inspection of evaluation and approval of new headquarters should be tightened.

“Projects assigned to start in 2019 must complete all formalities. Those that do not receive approval without a reason being assigned will not get funding next year.

“Units and offices delaying project evaluation and approval, which causes cost overruns will be penalized.”

The People’s Committee ordered the Department of Planning and Investment to list all public projects planned this year.

“Leaders will be responsible if their units do not reach 50 per cent of disbursement by the end of July and 90 per cent by the end of the year.

“All organisations and individuals that intentionally hinder public investment disbursement plans must be severely punished.

“Inefficient staff managing public investment should be replaced immediately.” — VNS

 

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