Authorities in central Da Nang city have asked relevant agencies to take measures to boost the disbursement of public investment capital for 2023, which is estimated at nearly VND8 trillion ($334 million), according to Deputy Director of the city’s Department of Planning and Investment Le Minh Tuong.

As of March 31, the city had disbursed only VND500 billion ($20.9 million), equivalent to 6.3 per cent of the annual target, according to Vice Chairwoman of the city’s People’s Committee Ngo Thi Kim Yen.

Mr. Tuong said disbursement in the opening months of the year faced certain difficulties, in particular a shortage of construction materials and obstacles relating to procedures and site clearance for the implementation of public investment projects.

In order to boost disbursement of public investment capital, city authorities have issued documents urging relevant agencies to focus on disbursing allocated capital.

The city’s People’s Committee issued a decision on a site clearance and compensation plan for projects in the city in 2023 and a document guiding measures to accelerate the disbursement of public investment capital.

The city considers the disbursement of public investment capital and putting key projects into operation and use as key pillars to foster economic development, according to Mr. Tuong.