Deputy Prime Minister Tran Luu Quang has asked relevant ministries and agencies to take measures to boost the disbursement of public investment capital.

The Deputy Prime Minister, who is also head of the Working Group No. 3 on Public Investment Disbursement, held a meeting with representatives from 17 ministries and centrally-run agencies on September 18 to review disbursement progress.

These ministries and agencies were allocated nearly VND43 trillion ($1.79 billion) worth of public investment capital this year.

Figures from the Ministry of Planning and Investment show that their disbursement as of August 31 was equal to 44.12 per cent of the annual target.

The figure is higher than the national average of 42.35 per cent.

Four ministries and agencies posted high disbursement rates in the period, including the Ho Chi Minh Mausoleum Management Board, with 58.49 per cent, the Ministry of National Defense with 50 per cent, the Ministry of Agriculture and Rural Development with 48.2 per cent, and the Vietnam Farmers’ Association with 48.16 per cent.

Deputy Prime Minister Quang said the disbursement of public investment capital is very important for socio-economic recovery and development this year. He urged these ministries and agencies to work harder and take measures to accelerate disbursement and tackle difficulties and obstacles facing investment projects to prevent delays.

Working Group No. 3 is one of five working groups established under a Prime Ministerial Decision in March 2023, to accelerate the disbursement of public investment capital at ministries, centrally-run agencies, and localities.