Boosting public investment disbursement to boost economic growth

There needs to be stronger solutions to promptly remove difficulties and obstacles, especially in the disbursement of public investment capital. (Illustration photo: TRAN HAI)

NDO – According to National Assembly deputies, although the progress of public investment disbursement is still lower than expected, thanks to strong growth in exports and foreign direct investment (FDI), Vietnam's economy still has the basis to achieve impressive growth if there are more drastic and synchronous solutions from now until the end of the year.

On the sidelines of the National Assembly , National Assembly deputies shared their views on the task of disbursing public investment capital - a key driving force to achieve the GDP growth target in 2024.

Disbursement efforts: Need stronger determination

National Assembly delegate of Hung Yen province, Mr. Nguyen Dai Thang said that although the Government and leaders at all levels have made great efforts in directing and promoting the disbursement of public investment capital, the implementation results are still lower than expected and decreased compared to the same period last year.

According to Mr. Thang, to ensure the completion of important economic goals, it is necessary to promote measures to remove difficulties, especially in site clearance and speed up investment preparation progress.

National Assembly Delegate of Hung Yen Province, Mr. Nguyen Dai Thang. (Photo: TRUNG HUNG)

Mr. Thang emphasized: "We need to have more drastic, synchronous, and stronger solutions to speed up disbursement, especially problems related to land."

Agreeing with the above viewpoint, National Assembly delegate of Dong Nai province, Mr. Trinh Xuan An, commented that the disbursement progress in the first 9 months of the year is about 20% lower than the same period.

National Assembly Delegate of Dong Nai Province, Mr. Trinh Xuan An. (Photo: TRUNG HUNG)

However, Mr. An expressed optimism that with the large workload in the fourth quarter, public investment could have a strong impact on GDP for the whole year. In addition, the fourth quarter is also the time when FDI usually grows strongly as businesses strive to complete orders, focusing on production and export.

“With the positive factors from within and outside the country, I believe that with our determination, GDP growth in the fourth quarter can absolutely reach 7.4% to 8% and this is completely possible,” said Mr. An.

Positive signals from exports and social investment

Ho Chi Minh City National Assembly delegate Tran Hoang Ngan emphasized that large infrastructure projects such as the expressway system, the 500kV line 3 from Quang Binh to Hung Yen and other socio-economic infrastructure projects are the driving force for growth.

Ho Chi Minh City National Assembly Delegate, Mr. Tran Hoang Ngan. (Photo: TRUNG HUNG)

In addition, exports increased by 15.4%, social investment continued to increase, along with improved domestic purchasing power, which are positive signals to achieve the annual growth target of 7%.

“The efforts and positive results from key sectors of the economy bring confidence in our growth potential this year,” Mr. Ngan said.

Synthesizing the opinions of National Assembly deputies, it can be seen that despite many challenges, the Vietnamese economy still has many opportunities to achieve its growth target this year, thanks to exports, FDI and domestic consumption all maintaining stable growth momentum.

National Assembly deputies also called for stronger solutions to promptly remove difficulties and obstacles, especially in the disbursement of public investment capital, to speed up the implementation of key infrastructure projects, creating sustainable momentum for socio-economic development.

Nhandan.vn

Source: https://nhandan.vn/day-manh-giai-ngan-dau-tu-cong-de-thuc-day-tang-truong-kinh-te-post838903.html