Disbursement of public investment

Illustrative image. (Photo: SGGP) The People's Committee of HCMC said that the disbursement rate of the Public Investment Plan in 2022 is not much compared to previous years due to many difficulties and obstacles, but mainly the impact of the Covid-19 pandemic in 2021. The restart of the construction of projects in the first months of 2022 experienced a certain delay after the time the city adopted measures to respond to the Covid-19 pandemic. In addition, input costs were unstable and tended to increase. Besides the above objective reasons, the People's Committee of HCMC also raised some other subjective reasons affecting the disbursement progress of public investment capital, for example, difficulties related to site clearance; it is necessary to have time to carry out the project adjustment procedures on the basis of Resolution No.99/NQ-HDND dated October 19, 2021, of the People's Council of HCMC and Decision No.4354/QD-UBND dated December 28, 2021, on the medium-term capital … [Read more...] about HCMC disburses only 17 percent of public investment capital in first six months

The department reported that the province has disbursed nearly 4.4 trillion VND (189 million USD) of the 16.28 trillion VND (700.2 million USD) of total public investment it has been allocated for the whole year. Earlier, the province set a target of disbursing 50 percent of the total capital by June 30, 80 percent by September 30 and 100 percent by December 31. To fulfill its tasks for the year, Quang Ninh has rolled out a number of measures to remove difficulties facing business and production activities, speed up the disbursement of public investment capital, and ensure social security in the post-pandemic period. Along with asking investors to focus on speeding up their projects, the province has accelerated investment procedures for 12 new projects with combined capital of over 2.19 trillion VND, as well as the national target programme on new-style rural area building. At the same time, it has worked to shorten times for administrative procedures, while speeding up ground … [Read more...] about Quang Ninh sees slow disbursement of public investment capital

The meeting between the second unit of HCMC People’s Council and voters (Photo: SGGP) Representing the second unit, Head of the Propaganda and Education Board of the City Party Committee Phan Nguyen Nhu Khue confirmed that the unit will collect all opinions of participants to report to HCMC People’s Council for consideration and response. He also asked that state leaders in Thu Duc City increase discussion with residents to welcome more practical proposals, urgent concerns of citizens for timely explanation and proper feedback. Hearing the information that certain residents have lived for 20 years in temporary accommodation, delegate Khue requested Thu Duc City immediately address the issue, avoiding the case of having such a strongly developed hi-tech park but letting people live unstably. As to other projects behind the schedule in Thu Duc City, he asked that Thu Duc City quickly review and introduce suitable road maps to address, beginning with urgent projects receiving … [Read more...] about HCMC to address projects behind schedule in Thu Duc City

The e-GP would allow effective and transparent management of the public procurement process. Vietnam’s e-government procurement (e-GP) system is set to start operations on August 1, 2022. The new procurement system is set to operate on August 1. File photo The new procurement system, updated with new changes and designed to operate on multiple browsers, would help serve as a hub of information related to procurement, as well as a platform for the online bidding based on safety, competitiveness, fairness, and cost-efficiency. To ensure the smooth operation of the e-GP, participants in the bidding are requested to switch to the new system from the old one. The e-GP is developed under a project of applying e-commerce in public procurement under the public-private partnership (PPP). The Ministry of Planning and Investment (MPI), IT company FPT, and the Investment and Development of National e-Procurement System Company are responsible for running the new … [Read more...] about Vietnam’s e-government procurement system set to launch in August