PM Chinh stressed the urgent need to accelerate public investment with greater determination and efficiency, while enhancing its quality and preventing corruption, misconduct, and wastefulness.
Hai Phong city has been assigned a public investment capital plan for 2022 of nearly VND13 trillion ($550.4 million) by the Prime Minister. It plans to disburse 70.2 per cent by the end of September, and has committed to disbursing 100 per cent by January 31, 2023.
A project to upgrade the Cai Mep - Thi Vai channel in southern Ba Ria-Vung Tau province from buoy No.0 to the Cai Mep container port has been approved by the Ministry of Transport, with total investment of VND1.414 trillion ($60.4 million) coming from the medium-term public investment plan for the 2021-2025 period.
As of the end of July, Ho Chi Minh City had disbursed only VND8 trillion ($343.68 million) of public investment capital, or 26 per cent of the plan. Many projects have disbursed only 4-5 per cent of the capital allocated, and 100 projects have not disbursed any capital at all, including a project in the trillions of VND. The greatest bottleneck is site clearance and compensation appraisals.