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Friday, July 26, 2024

Southern provinces say will use up allocated capital this year

The Saigon Times

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HCMC – Many Mekong Delta provinces have pledged to use up their allocated capital for public investment this year even though the current average disbursement rate is a mere 14.2%.

They made the commitment at a meeting with Deputy Prime Minister Le Minh Khai on May 16 to accelerate the public investment disbursement, Tuoi Tre Online newspaper reported.

According to the Ministry of Planning and Investment, as of the end of last month, Can Tho, Long An, Vinh Long, Hau Giang, Soc Trang, An Giang, Bac Lieu and Kien Giang have used up nearly VND5.8 trillion, or 14.2% of the target set by the prime minister, lower than the country’s average of 15.08%.

An Giang reported the lowest disbursement rate, at 8.7%, and Soc Trang had the highest rate, at 22.6%.

Deputy PM Khai asked these provinces to keep a close watch on the public investment disbursement and develop detailed plans to speed up the allocation of capital for each project.

Despite strong efforts, specific plans for the disbursement have yet to be worked out, Khai said, asking the provinces to propose shifting capital from projects with a slow investment disbursement to other projects. If not, the capital will be transferred to other provinces.

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