Accelerating Project Approvals: A Strategy for Efficient Capital Allocation
In a bid to expedite capital disbursement for the current year, the Ministry of Transport has instructed project owners and management boards to accelerate the approval process for technical designs and cost estimates. This proactive approach will facilitate timely bidding and the selection of contractors, ensuring the timely commencement of new projects as per the approved plans.
Emphasizing the importance of regional connectivity, the Ministry has also urged the swift progression of key projects, including the North-South Expressway in the East during 2021-2025, the Bien Hoa-Vung Tau and Khanh Hoa-Buon Ma Thuot highways, and the Rach Mieu and Dai Ngai bridges. By prioritizing these inter-regional connections, the Ministry aims to enhance transportation efficiency and foster economic growth.
What are the 7 provinces lagging in disbursing public investment funds?
Despite being halfway through the year, seven localities in the country have disbursed less than 20% of their public investment capital. The provinces with the lowest disbursement rates nationwide include Binh Phuoc, Thai Binh, Ha Tinh, and Ca Mau.
Unlocking Investment Potential: Deputy Prime Minister Demands Clear Timeline for Public Investment Capital Disbursement
Deputy Prime Minister Tran Hong Ha has instructed ministries, sectors, and localities to report on the review and classification of public investment projects. This includes ongoing projects with clear progress commitments and projects that cannot be implemented due to mechanism, policy, and legal obstacles.
13 Notable Socio-Economic Achievements in July and the First Seven Months
“The latest reports from the regular Government meeting for July 2024, held on the morning of August 5, showcase a plethora of positive outcomes in the economic and social landscape…”
A Race to the Top: Targeting 6.5 – 7% GDP Growth in Q3
“Wrapping up the Government meeting and the online conference with localities, Prime Minister Pham Minh Chinh urged to strive for a GDP growth of 6.5 – 7% in the third quarter, aiming for the highest level in the plan for 2024 and maintaining the development momentum into 2025.”
