Prime Minister Pham Minh Chinh has asked relevant ministries, agencies, and localities to take measures to speed up disbursement of public investment capital with the goal of fulfilling 95 per cent of the annual target, the Government News has reported.

Chairing an online meeting in Hanoi on November 27 on the disbursement of public investment in 2023, the Prime Minister said 41 ministries and centrally-run agencies along with 24 localities posted disbursement rates lower than the national average, of just 44 per cent.

In the first eleven months of this year, nearly VND461 trillion ($19.2 billion) in public investment capital was disbursed, or 65.1 per cent of the target.

To achieve the goal, Prime Minister Chinh ordered them to strictly follow directives from the Party, State, National Assembly, and government leaders, and government resolutions on public investment capital disbursement, while ensuring project quality and fighting corruption and waste.

Ministries were assigned to remove difficulties and strengthen inspections and supervision while urging investors, contractors, and consultants to accelerate project progress.

They were also asked to thoroughly check project preparation, selecting projects for capital allocation and paying attention to design, bidding, construction, and payment procedures.