Hanoi adopts five-year public investment plan
Illustrative image (Source: VNA)
The People’s Council of Hanoi has approved a resolution on middle-term public investment plan for the 2021-2025 period.
According to the municipal People’s Committee, the disbursement of public capital of a number of projects has lagged behind schedule, with some stagnant projects in the 2016-2020 period cancelled. Meanwhile, the demand for middle-term public investment remains huge.
In March, the committee asked local departments, districts and investors to make updates and adjustments to the city's plan.
Along with requesting local authorities to apply measures to speed up the progress of projects from all stages, municipal authorities have asked for the allocation of enough capital for underway projects, the adjustments of stagnant projects and the careful consideration of new projects to match the city’s capacity in resource balancing.
In order to effectively implement the plan, the city asked local sectors, departments and localities to work closely together to deal with difficulties in the disbursement of public investment capital, while speeding up the progress of new projects.
The Department of Construction was asked to improve the quality of its project proposals and estimated investment for each project.
Particularly, the city People’s Committee has asked for drastic measures to remove obstacles in ground clearance for public investment projects.
The committee also requested relevant agencies to fully and accurately report the outstanding debts for capital construction and capital needed for projects to be completed in the 2021-2025 period./.
Related News
Five key northern local customs departments signed an emulation agreement
15:13 | 22/04/2024 Customs
Ensure savings and prevent losses in disbursement of public investment
10:24 | 18/04/2024 Finance
Public investment - Expectations from key transportation projects
10:19 | 28/02/2024 Finance
MoF requests ministries, agencies and localities to allocate and enter estimates and disburse public investment in 2024
15:07 | 21/01/2024 Finance
Latest News
Enterprises want clearer regulations on seafood production
14:05 | 26/04/2024 Import-Export
Vietnam ranks fifth among aquatic product suppliers for Singapore
13:53 | 26/04/2024 Import-Export
Forum seeks to increase PPP investment effectiveness
13:48 | 25/04/2024 Import-Export
Linking businesses with cooperatives to increase the value chain
09:42 | 25/04/2024 Import-Export
More News
Vietnam has a trade deficit of over US$17 billion with China
15:34 | 24/04/2024 Import-Export
Tra fish export to UAE jumps 67% in Q1
13:46 | 24/04/2024 Import-Export
Pepper prices continue increase trend
13:44 | 24/04/2024 Import-Export
More efforts needed to maintain export growth to China: Insiders
13:55 | 23/04/2024 Import-Export
It is expected that there are higher orders and revenue in the second quarter from European businesses
09:31 | 23/04/2024 Import-Export
Vietnamese rice prices on the hike
15:08 | 22/04/2024 Import-Export
FDI flow into garment and textile sector bounces back
15:06 | 22/04/2024 Import-Export
Investors play a key role in developing the industrial park system
10:38 | 22/04/2024 Headlines
Find ways to a corporation for businesses in industrial parks
10:38 | 22/04/2024 Import-Export
Your care
Enterprises want clearer regulations on seafood production
14:05 | 26/04/2024 Import-Export
Vietnam ranks fifth among aquatic product suppliers for Singapore
13:53 | 26/04/2024 Import-Export
Forum seeks to increase PPP investment effectiveness
13:48 | 25/04/2024 Import-Export
Linking businesses with cooperatives to increase the value chain
09:42 | 25/04/2024 Import-Export
Vietnam has a trade deficit of over US$17 billion with China
15:34 | 24/04/2024 Import-Export