In the July 18 press briefing on key tasks for the first half of the year, a representative from the State Treasury responded to a question from Tien Phong regarding delayed disbursement, which led to a budget surplus of up to VND 1 quadrillion.
Mr. Luu Hoang, Director of the State Treasury’s Treasury Management Department, stated that this surplus comprises both central and local government funds, with the majority being from public investment capital.
Additionally, the surplus includes funds allocated for salary reforms. Regarding these reforms, the State Treasury is ready to disburse the funds upon receiving formal requests from the respective units.
Panorama of the State Treasury’s press conference on July 18.
Previously, at the conference on finance and state budget tasks, the Minister of Finance, Ho Duc Phoc, pointed out that the disbursement rate of public investment capital for the first half of the year was nearly 29%, lower than the same period in 2023.
“The delay in disbursement has led to over VND 1 quadrillion being held in the State Treasury while enterprises have to borrow at high-interest rates. This is a waste. Therefore, I propose that units expedite the disbursement of public investment capital. If you encounter difficulties, please submit your reports to the ministry’s leadership, and I will sign and take responsibility,” said Mr. Phoc.
Mr. Tran Manh Ha, Head of the State Treasury’s Payment Control Department, attributed the delay in disbursement of public investment capital to challenges in land clearance and lack of construction and payment volumes. According to Mr. Ha, the market for construction materials for expressway projects has faced difficulties, affecting the progress of these projects and, consequently, the disbursement of capital. Additionally, subjective obstacles, such as slow project implementation and delayed payment volumes sent to the State Treasury, have also contributed to the delay.
To accelerate the disbursement of public investment capital, the State Treasury has implemented online payment and supported investors with online public services at level 4. The State Treasury is ready to disburse capital when project owners complete the work and submit payment dossiers. We have a transaction monitoring system in place to ensure timely disbursement,” assured Mr. Ha.
Moving forward, the State Treasury representative emphasized that they will continue to tighten discipline, collaborate with ministries and sectors to provide training on investment procedures, and work together to expedite capital disbursement.
The most extensive bribery case ever in Thanh Hoa: Numerous suspects prosecuted for “Giving and Receiving Bribes”
The Provincial Security Investigation Agency (PSIA) of Thanh Hoa province announced on January 31st that it has made the decision to initiate a prosecution against 23 individuals in connection with the offenses of “Accepting bribes” and “Giving bribes” as stipulated in Article 354(3) and Article 364(2) of the Criminal Code.
“Prosecution of government officials, land registration officers, and tax department employees in the largest bribery case ever”
The Thanh Hoa Police Investigative Agency has initiated legal proceedings against 23 individuals involved in the crimes of “Bribery” and “Receiving bribes”. This is the largest bribery case in terms of the number of suspects ever discovered and apprehended by the Thanh Hoa Police.
Mobile World achieves revenue of VND118,000 trillion: TVs, tablets, and phones all decrease by 10% – 50%, while one product grows in both quantity and revenue.
Mobile World Investment Corporation (MWG) has recently announced its 2023 business results. According to the report, the company’s consolidated revenue reached over 118 trillion Vietnamese dong, equivalent to 89% of the revenue in 2022.
Vietnam’s Irresistible ‘Specialty’ That China Desperately Wants to Revive: Highly Popular from the US to Asia, Bringing in Millions of Dollars
Vietnam is one of the largest exporting countries in the world, along with China and the Philippines.
