HCMC urges expediting public investment disbursement

August 12, 2023

HCMC – HCMC has urged the acceleration of work on public investment projects as the capital disbursement rate has been lower than expected so far this year. Data from the city government showed around VND18,646 billion in public investment capital had been disbursed by August 4, 2023, representing 27.2% of the city’s full-year target. The city leadership has instructed departments, agencies and local authorities to heighten their sense of responsibility for the disbursement of public investment capital. Strong measures should be taken to meet public capital disbursement deadlines, said the city. Units and investors whose public investment disbursement remains below 30% until September 2023 will be subject to assessment by the city government regarding third-quarter task fulfillment.

The source of this news is from The Saigon Times

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