Update: 09:47 | 19/07/2020
Prime Minister Nguyen Xuan Phuc has established seven inspection teams who will work with provincial authorities and ministries to seek methods to accelerate public investment as the rate of disbursement has lagged behind the schedule for 2020.
These teams will be headed by the Prime Minister, four Deputy Ministers, the Minister of Finance, and the Minister of Planning and Investment.
The government conference on public investment disbursement.
The move came following a conference on the slow disbursement between the cabinet and provincial authorities on July 16.
The teams will work from July 18 to August 31 to inspect and deal with the obstacles facing public investment projects and expedite their capital disbursement.
They are expected to report the results to the Prime Minister within seven days of the conclusion of inspection.
According to the Ministry of Finance, disbursement in the first six months of 2020 has met just 33.9% of the target set by the National Assembly, with only three ministries and nine localities reporting disbursement rates of over 50%.