The Thanh Hoa Provincial People’s Committee has asked relevant agencies to speed up the disbursement of public investment capital and directed investors to complete procedures for projects scheduled to get underway in 2024.

The north-central province disbursed nearly VND6.6 trillion ($275 million) in the first eight months of the year, or just 45.3 per cent of the annual target.

Projects with low disbursement rates will see capital allocated to other projects with high disbursement rates and the ability to absorb additional capital.

Local authorities said that accelerating the disbursement of public capital is necessary but investors and contractors must take measures to ensure project quality and efficient capital use.

Special task forces have been instructed to adopt solutions to tackle the difficulties and obstacles in disbursement.