The Ho Chi Minh City People’s Committee will speed up the disbursement of public investment capital to reach a targeted 91 per cent by the end of the year, according to Chairman Phan Van Mai.

At a meeting of the 20th Ho Chi Minh City Party Committee on April 4, Chairman Mai said that, as planned, the city will strive to disburse 35 per cent of public investment capital by the end of the second quarter, 58 per cent by the end of the third quarter, and 91 per cent by year’s end.

Key tasks in April and the second quarter will focus on dealing with obstacles relating to dossiers and procedures for businesses and residents and obstacles facing projects, he said.

Meeting participants also discussed other socio-economic issues in the city.

Analysts proposed the city resolve difficulties in public investment and boost private investment to ensure capital flows into the economy.

Ho Chi Minh City reported gross regional domestic product (GRDP) growth of 0.7 per cent in the first quarter, which was lower than expected.