Home / Investment / News
PM sets up task force to facilitate investment projects
Ngoc Thuy 17:12, 2021/07/19
As of June 30, the disbursement rate of public investment remained modest at VND133.9 trillion (US$5.8 billion), lower than the rate recorded in the same period last year of 34%.

Prime Minister Pham Minh Chinh has signed to set up a task force, which would be responsible to address bottlenecks and issues during the implementation of investment projects nationwide.

 North-South expressway. Photo: Tuan Anh

Projects that would be under the taskforce’s review include public projects financed by the official development assistance (ODA) or concessional loans from international donors; business investment projects with funds from domestic sources or of foreign direct investment (FDI); projects under the public-private partnership (PPP).

Under the prime minister’s Decision No.1242/QD-TTg, Deputy Prime Minister Pham Binh Minh is designated as the head of the task force, while his deputies are Minister of Planning and Investment Nguyen Chi Dung, vice-ministers of the Ministry of Planning and Investment and Ministry of Justice.

The task force would review and summarize difficulties during the implementation process of investment projects, at the same time providing instruction to ensure timely completion.

Another key task of the task force is to advise the government on policies to grasp investment opportunities in a new situation; actively approach and negotiate with multinationals to attract high-quality FDI projects.

Members of the task force are officials from the Government Office, Ministry of Finance, Ministry of Natural Resources and Environment, Ministry of Industry and Trade, Ministry of Construction, Ministry of Transportation, Ministry of Agricultural and Rural Development, Ministry of Foreign Affairs, Ministry of Public Security, Ministry of Culture, Sports and Tourism, Ministry of Labor, Invalids and Social Affairs, Ministry of Information and Communications, State Bank of Vietnam, and the Committee for State Capital Management.

As of June 30, the disbursement rate of public investment remained at VND133.9 trillion (US$5.8 billion), equivalent to 29.02% of the yearly plan and lower than the rate recorded in the same period last year of 34%. Of the total, the disbursement rate of foreign-financed projects stayed low at 7.37%.

RELATED NEWS
TAG: Vietnam Prime minister Pham Minh Chinh investmnet projects Public investment ODA FDA covid-19
Other news
10:32, 2021/32/29
January-July FDI disbursement climbs to US$10.5 billion
Total FDI commitments to Vietnam stood at US$16.7 billion in seven months.
11:45, 2021/45/27
FPT Software invests in a technology company in the Americas
The investment is to optimize the efficiency by combining resources of the Vietnamese firm’s services centers in the US and those in neighboring markets.
14:05, 2021/05/23
Vinh Hoan seafood processor leads investment into cell-based meat startup
The investment will be used in advancing Shiok Meats’ research & development activities and build a state-of-the-art production facility in Singapore.
16:04, 2021/04/22
Vietnam seeks S.Korea support in Covid-19 vaccine tech transfer
Measures are mapped out to boost Vietnam-South Korea's strategic partnership as the two countries are scheduled to celebrate the 30th anniversary of diplomatic relations (1992-2022).
17:12, 2021/12/19
PM sets up task force to facilitate investment projects
As of June 30, the disbursement rate of public investment remained modest at VND133.9 trillion (US$5.8 billion), lower than the rate recorded in the same period last year of 34%.