18 ministries, localities propose returning public investment capital

	High determination of disbursing 100% of public investment capital
	Impatient with the speed of disbursed public investment capital
	Disbursement of public investment capital from foreign loans in first half of 2020 is 3.6 times higher than same period in 2019

A total of 18 ministries and localities have proposed to return VND 6,338,054 billion of public investment capital in 2020. Photo: Internet.

The Ministry of Planning and Investment said nine ministries and central agencies including the Party Central Office, Government Office, Ministry of Planning and Investment, Ministry of Agriculture and Rural Development, Ministry of Culture, Sports and Tourism, Ministry of Natural Resources and Environment, Ministry of Education and Training, and the Management Hoa Lac Hi-Tech Park Management Board, the Committee for State Capital Management at Enterprises and nine localities including Lao Cai, Thai Nguyen, Hanoi, VinhPhuc, Gia Lai, Dong Nai, Binh Duong, Ba Ria - Vung Tau and Can Tho City sent written proposals to return the capital plan to transfer toother ministries, central agencies or localities.

The total transferred capital of these 18 units is VND 6,338,054 billion (of which, domestic capital is VND 341.6 billion and foreign capital VND 5,996,454 billion).

At the same time, the Ministry of Planning and Investment received a proposal on additional investment plans from the central budget in 2020 central budget investment plan from seven ministries and central agencies (including the Supreme People's Court, Ministry of Defence, Ministry of Industry and Trade, Radio Voice Vietnam, Central Vietnam Women's Union, Electricity Group, Vietnam Cooperative Union) and 31 localities with total capital of VND 13,509 billion (of which domestic capital is VND 13,038 billion, foreign capital VND 471 billion).

Regarding this issue, previously, in July, the Ministry of Planning and Investment proposed transferring capital from ministries, agencies and localities with slow disbursement to ministries, agencies and localities that did this better in August and the proposal was approved by the Prime Minister.

Deputy Minister of Planning and Investment Tran Quoc Phuong said the Ministry of Planning and Investment will observe units that are delayed and slow in disbursement to report to the Prime Minister. The Government has been authorized by the National Assembly to transfer capital from ministries, agencies and localities with low disbursement to ministries, agencies and localities that did better to urgedisbursement and efficient use of capital.

However, earlier, after undergoing a review, self-reviewing units found that they are unable to complete the disbursement target, so they returned hundreds of billions of dong.

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In contrast, those that can disburse more than the assigned capital, the Ministry of Planning and Investment will propose to the Prime Minister for additional investment capital.