The national government has just issued Resolution No. 63/NQ-CP on key tasks and solutions to promote economic growth, disbursement of public investment capital and sustainable exports in the remaining months of 2021 and early 2022.

The disbursement rate of public investment capital in 2021 is expected to reach between 95-100% of the plan assigned by the Prime Minister, according to the Ministry of Planning and Investment.

As planned, the disbursement of public investment will reach at least 60 percent of the plan by the end of the third quarter of the year.

Latest statistics released by the General Statistics Office (GSO) show that total social investment in the first six months of 2021 increased 7.2% year-on-year to VND1,170 trillion.

The national government requested ministries, national and local-level agencies to strengthen discipline in the disbursement of public investment capital, review the allocation of capital for projects in line with the implementation schedule, speed up land clearance, promptly remove difficulties related to land and natural resources facing businesses, and accelerating construction of projects.

The Resolution also states that it is necessary to conduct online bidding according to the national regulations, ensure publicity and transparency, and select qualified contractors; strictly handle cases in which the contractor violates the contract-stipulated schedules.

Reporting by TRIEU TUNG- Translating by A.T