Latest News about disbursement
Some officials tasked to allocate public investment capital give themselves the right to "grant favors" to agencies and businesses.
Public investment is expected to play a very important role in promoting economic growth in 2020 and the enterprises in the building material sector are the biggest beneficiaries, economists say.
The Ministry of Transport (MOT) said that it has been difficult to mobilize credit capital for the huge eastern North-South Expressway project.
Boosting the disbursement of all planned public investment would help increase this year’s gross domestic product (GDP) by 0.42 percentage points, according to the General Statistics Office (GSO).
A draft decree on ODA is expected to address pending issues and obstacles existed in the current regulations.
Urban railway projects have been proceeding slowly and investment capital has become many times higher than initially estimated.
The Hanoi station-Nhon elevated railway project will be completed by 2022 after trains are brought to Vietnam in July 2020.
The Ministry of Planning and Investment (MPI) must review obstacles in disbursing public investment as well as accelerate the speed of capital allocation, especially Government bonds and official development aid (ODA).
Commercial bank loans, venture funds and foreign capital are ready to disburse money for profitable projects in Vietnam.