HCMC - As the disbursement of public investment is still far lower than expected, the prime minister has asked relevant departments to speed up the progress and submit monthly reports on the results in the last months of 2022 and the beginning of 2023.

The public investment disbursement between January and October this year was roughly VND40.387 trillion higher than the figure in the year-ago period. However, it just reached 51.3% of the target set by the prime minister, lower than the rate in 2021. The PM has written to relevant ministries assigning many tasks, requesting them to submit reports on the disbursement monthly and make further efforts to achieve the socioeconomic development plans. Among those, the disbursement of public investment in 2022 must reach 95-100% of the target set at the beginning of this year as it plays an important role in maintaining recovery momentum and supporting economic growth for the whole year, according to the PM. The Ministry of Construction has been assigned to supervise and urge localities to regularly update and announce prices and the price index of construction materials, as well as draw up regulations on using new materials on construction projects. The Ministry of Natural Resources and Environment is responsible for solving problems related to the amended land laws and guiding relevant agencies on mining licensing and mining materials for public investment projects. The Ministry of Industry and Trade is in charge of ensuring adequate supplies and stable prices of materials for construction, especially fuel, oil, iron and steel. Relevant ministries and agencies have been requested to eliminate obstacles to the implementation of the projects, especially in site clearance, compensation and resettlement.