Ho Chi Minh City prioritizes disbursement of public investment capital for key projects

*Secretary of the Ho Chi Minh City Party Committee Nguyen Van Nen chaired and delivered a speech at the Conference.*

At the Conference, Mr. Nguyen Van Nen gave close instructions to the city's Action Program for Public Investment Disbursement in 2024. In particular, he requested to enhance the responsibility of the Working Groups of the Standing Committee of the City Party Committee, the National Assembly Delegation and the City People's Council, to promptly direct and remove difficulties and obstacles in the implementation process.

The Secretary of the City Party Committee requested to prioritize the disbursement of public investment capital for key projects with large investment capital. In particular, it is important to strictly handle organizations and individuals, especially leaders who do not properly and well perform their assigned tasks.

IN 2024, HCMC WILL BE ASSIGNED 79,000 BILLION IN PUBLIC INVESTMENT CAPITAL

At the Conference, Ms. Le Thi Huynh Mai, Director of the Department of Planning and Investment of Ho Chi Minh City, said that in 2024, the city was assigned 79,000 billion VND of public investment capital. This is a very large number, with high disbursement pressure (in 2021, 46,000 billion VND was assigned). Up to now, Ho Chi Minh City has disbursed more than 2,600 billion VND, reaching a rate of 3.1%. Therefore, the Director of the Department of Planning and Investment of Ho Chi Minh City said that the remaining capital to be disbursed during the period is very large, requiring strengthening the authorization work, improving administrative procedures to shorten the time for processing documents,...

At the Conference, the head of the Ho Chi Minh City Party Committee also directed the implementation of the annual theme of the Ho Chi Minh City Party Committee Executive Committee, in which the city is more determined, proactive, and active in coordinating with central agencies to complete the content to submit to the Government to issue a Decree guiding the implementation of Resolution 98 of the National Assembly .

Chairman of Ho Chi Minh City People's Committee Phan Van Mai informed about some contents of the assessment of Ho Chi Minh City's socio -economic situation in the first quarter of 2024 and key tasks in 2024.

Regarding the socio-economic situation of Ho Chi Minh City from the beginning of the year until now, at the Conference, Mr. Phan Van Mai, Chairman of Ho Chi Minh City People's Committee said that in the first quarter of 2024, the city's economy grew by 6.54% and achieved the set target.

Regarding the disbursement of public investment capital, Mr. Phan Van Mai said that to ensure the disbursement progress, the city treasury must increase its working hours on Saturdays and Sundays every week. The remaining quarters of 2024 must disburse more than 20,000 billion VND/quarter, requiring high determination from the entire city's political and social system.

The Chairman of the City People's Committee also requested to focus on public investment disbursement. At the same time, consider this work as a key task and theme throughout the year 2024.

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