Da Nang is determined to push the disbursement rate of public funds at over 95% by January 31, 2023, for which leaders in each agency or district are responsible for the performance of the public investment.

In detail, the disbursement rate of public investment capital is expected to reach 15% by April 30, 35% by June 30, 60% by September 30, 90% by December 31, and finally, 95% by January 31, 2023.

In order to effectively reach the above-mentioned target, the municipal People's Committee asked functional agencies to ensure that the implementation of the 2022 public investment plan must be consistent with the medium-term public investment plan for the 2021 - 2025 period, and that project appraisal and approval, capital allocation and the release of the city's public investment mechanisms and policies must be in line with the regulations.

The city is striving to ensure the average disbursement rate of public investment capital in the 2021 - 2025 period reaches over 90% of the assigned plan, whilst the number of projects completed in the period make up for over 80% of the total allocated with capital.

Over VND59,400 billion worth of medium-term public investment capital from the State budget for the 2021 - 2025 period will be allocated to the city.

Of this figure, over VND59,166 billion is from domestic sources and VND330 billion is worth of ODA capital following the approval by the national government.

Reporting by TRIEU TUNG- Translating by A.THU