Hanoi to enhance investment disbursement plan in 2018
The Hanoi People’s Committee has recently granted Official Letter No. 1941/UBND-KH&DT, speeding up the implementation and disbursement of the investment plan in Hanoi in 2018.
Under the Official Letter, the Municipal People’s Committee asked heads of departments, sectors, agencies, Chair-people of People’s Committees of districts, towns and investors of projects to continue popularizing and strictly carrying out regulations on public investment, state budget, construction and others.At the mean time performing major missions and solutions at Resolution No.70/NQ-CP dated August 3, 2017 of the Government, and striving to finish the disbursement as assigned.
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More efforts must be made to speed up the investment preparation of projects which are under the flexible payment mechanism at Document No. 928/UBND-KHDT; accelerate the settlement work of finished projects; cooperate with relevant departments, sectors and units to remove difficulties and obstacles to complete the settlement dossiers as stipulated by law.
By the end of the second quarter of 2018, investors are in charge of evaluating their abilities in implementing specific plan of each project in 2018 and propose the capital adjustment to the Municipal People’s Committee so as to improve the efficiency of capital use and speed up the progress and disbursement.
People’s Committees of districts, suburban districts and towns will further direct investors and People’s Committees of communes to speed up the disbursement progress of investment projects; focus on urging subordinate divisions, sectors, units to remove difficulties, problems and accelerate land clearance for projects.
The city’s department, sectors are responsible for reviewing and strengthening administrative reform for procedures of construction investment, compensation for land clearance and land acquisition, etc.
Moreove, proactively handling problems under authority or timely submitting difficulties and obstacles to the Municipal People’s Committee for direction so as to speed up the progress of capital disbursement for projects.
Besides, timely detecting, replacing and strictly punishing officials and public servants who have bad behaviors in dealing with administrative procedures related to managing investment and construction for public investment projects.
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Vietnam news in brief - August 24
Read The Hanoi Times to stay up to date on developments in Vietnam.
- Growing number of FDI firms moving to Vietnam
- Vietnam Gov’t committed to facilitating Adani Group’s US$2-billion port project
- Vietnam Railway proposes US$87 million for Hanoi–Dong Dang railway upgrade
- Vietnam’s North-South high-speed railway to be designed for 350km/h
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- Samsung plans drastic investment increase in Vietnam over next three years