AsemconnectVietnam - The People’s Committee of Hanoi is directing departments and localities to take drastic measures to speed up the disbursement of public investment as by the end of March 2020, the capital city’s disbursement only reached 7.6 percent of the yearly target, failing to meet the requirements.

 The People’s Committee of Hanoi is directing departments and localities to take drastic measures to speed up the disbursement of public investment as by the end of March 2020, the capital city’s disbursement only reached 7.6 percent of the yearly target, failing to meet the requirements.
Districts are required to build appropriate plans for 2020 in accordance with the city’s budget collection scenario given the complicated developments of the COVID-19 pandemic.

The state budget collection in the capital is forecast to be extremely difficult, affecting development investment and regular expenditures.
Therefore, localities across the city should review the porfolio of investment projects, prioritising natural disaster prevention, diseases, health care, social welfares, education-training, agriculture and rural development, environmental protection, and social order, safety and security.

According to the municipal People’s Committee, the city’s five-year medium-term public investment plan 2016-2020 has been updated and adjusted by the municipal People's Council with a total capital of over 107.3 trillion VND (4.6 billion USD).
The accumulated disbursement of medium-term capital in the period reached 7.4 trillion VND (318 million USD) as of January 31, 2020, equal to 85.3 percent of the plan.
Source: Vietnamplus.vn