Prime Minister Pham Minh Chinh responded on October 24 to questions from a National Assembly deputy on the disbursement of public investment capital, in particular disbursement of the support package for socio-economic recovery and development. He identified six key solutions to ensure disbursement in programs and projects, especially those that relate to socio-economic recovery and development programs.
Disbursement of public investment capital has seen positive signs but remains tardy. Some VND35 trillion ($1.43 billion) was disbursed in the first nine months of this year, an increase of 16 per cent year-on-year and equal to 46.7 per cent of the 2022 plan assigned by Prime Minister Pham Minh Chinh. He has now requested that ministries, central agencies, and localities implement solutions set out in resolutions from regular government meetings and guiding documents from government leaders on disbursement this year.
The development of industrial clusters of craft villages is expected to be the nucleus of innovation in rural areas. With over 2,000 that are 100 years old or older, Vietnamese craft villages have made a significant contribution to exports. However, their development also reveals many shortcomings. A number of solutions were recommended at the “Strengthening linkages and developing industrial clusters in craft villages in Vietnam” seminar.
Hanoi has proposed nine groups of solutions to overcome the situation of cadres, civil servants, and public employees leaving their jobs, including boosting their incomes, improving the workplace environment to make it more professional and modern, and creating opportunities for cohesion.
Hanoi is implementing a host of solutions to support sustainable poverty reduction and has set a target of cutting the number of poor households by 25-30 per cent each year and basically having no poor households by the end of 2025. Total funding to 2025 is nearly VND1.6 trillion ($67.6 million).
On August 28, at a meeting with leaders of Lao Cai province, Prime Minister Pham Minh Chinh spoke of key tasks and solutions in the time to come, such as making the most of Lao Cai’s identity and taking the Red River as the vertical axis for development, promoting digital transformation and closely coordinating with Chinese authorities to promote border economic cooperation.
Petrol prices have been cut five times recently but the price of many goods and services remain high. To bring prices down to a reasonable level, solutions such as reorganizing distribution channels in a scientific manner, building short supply chains, and combining short supply chains with exchanges to help circulate goods efficiently and reduce the cost of intermediaries are needed.
At a national conference on August 11 between the Prime Minister and businesses with the theme “Proactive adaptation, quick recovery and sustainable development”, Mr. Le Hoang Chau, Chairman of the Ho Chi Minh City Real Estate Association (HoREA), proposed six solutions to restore Vietnam’s real estate market.