HCMC – The HCMC government is intensifying its efforts to accelerate project implementation and optimize resource allocation, despite ongoing challenges in public investment disbursement.
During the Vietnam Economic Forum held in HCMC on August 15, local officials and experts discussed strategies to enhance public investment efficiency in the city.
They pointed out the city’s low disbursement rate, which stood at just 15% in the first half of the year, compared to the national average of nearly 30%.
The slow pace of disbursement has been attributed to administrative bottlenecks related to land acquisition, procurement, and project approval, which have hindered the city’s efforts to stimulate economic growth through public investment.
Tran Du Lich, a local economist, urged for solutions to streamline these procedures and expedite project approval.
Nguyen Ngoc Hoa, chairman of the HCMC Union of Business Associations (HUBA), stressed the importance of better coordination between government agencies and the private sector.
HCMC has established a detailed timeline to meet its goal of a 95% disbursement rate by the end of the year. In particular, the city aims to disburse VND16,200 billion in August, followed by VND21,300 billion in September, and VND30,400 billion in October.
