Striving to Disburse All Public Investment Fund in 2020

11:16:10 AM | 7/10/2020

In a regular meeting on September 23 hosted by the Vinh Phuc Provincial People’s Committee on midterm public investment plans in 2016-2020 and adjusted plan for public investment capital in 2020, Chairman of the Provincial People's Committee Nguyen Van Tri requested relevant agencies and localities to deal with emerging problems to disburse 100% of public investment funds as directed by Prime Minister Nguyen Xuan Phuc and based on their disbursement commitments with the provincial government.

Accordingly, as for the adjustment of the medium-term public investment plan in the 2016-2020 period, Chairman Nguyen Van Tri requested the Department of Planning and Investment to receive comments from meeting attendants, and complete a report on these adjustments for the Provincial People’s Committee to submit to the Provincial Party Committee and the Provincial People's Council. Provincial departments are requested to actively remove problems in investment procedures for districts and cities; review and consider investment procedures for projects, especially projects that must conduct coercive measures for site clearance and construction protection.

Investors focus on making specific and detailed disbursement plans for each project in the following months and complete payment procedures for project contractors. The Department of Planning and Investment, the Department of Finance, the Department of Transport, the Department of Construction and district governments will review and calculate public investment funding plans and investment projects for the 2021- 2025 period.

As for the recommendation on authorizing the Vinh Phuc Industrial Parks Authority to conduct design evaluation and license construction in industrial parks in Vinh Phuc province, Chairman Tri assigned the Vinh Phuc Industrial Parks Authority, the Office of the Provincial People's Committee and the Department of Justice to receive opinions from attending delegates, complete the content and make a report for the Provincial People's Committee to submit to the Provincial Party Committee and the Provincial People's Council for consideration.

After listening to the report on settlement of existing matters concerning land in the province by the Department of Natural Resources and Environment, Chairman Tri requested districts and cities to strengthen their administration and settlement of land violations. The department will focus on solving existing land matters for localities in 2020. The Office of the Provincial People's Committee will issue notices on settlement of land violations to concerned agencies and localities.

At the meeting, attending delegates also raised their opinions on proposed land auction regulations in the province. They expected that the Provincial People’s Council will issue a resolution on some policies to improve law information and education in the province in 2021-2025 and a resolution on investment policies for 2021.

By Quynh Ngoc, Vietnam Business Forum