Minister of Planning and Investment Nguyen Chi Dung at the Q&A session on June 15 (Photo: VNA) Hanoi (VNA) – Minister of Planning and Investment Nguyen Chi Dung was grilled about specific measures tomobilise social resources for development investment, the allocation of publicinvestment capital, the prevention of wastefulness in public investment andresponsibility of ministries and agencies for the implementation of majornational projects.
Minister Dung was the last Cabinet member to take the floor at the Q&Asession on June 15 at the ongoing third sitting of the 14th NationalAssembly.
Respondingto queries regarding the two-year enforcement of the Public Investment Law, theminister highlighted remarkable outcomes, such as enhanced management ofdevelopment investment, and transparent and equal allocation of investmentcapital among localities and sectors.
Sincethe number of projects dropped from 15,000-16,000 in 2013 to only 5,000 atpresent, the capital was allocated more centrally, thus helping accelerate theproject progress and create more favourable conditions to lure private andforeign direct investments, he said.
Dungalso pointed out bottlenecks, saying several agencies and units have failed tofully understand objectives and viewpoints of the Public Investment Law anddecrees guiding the implementation of the law.
TheMinistry of Planning and Investment has suggested the Government review therelevant decrees and collected opinions on amendments to the Public InvestmentLaw to submit to the Government in September, he noted.
Speakingat the session, Deputy Prime Minister Vuong Dinh Hue admitted that thedisbursement of public investment in 2016 and the first five months of thisyear remained sluggish.
Thisis one of the reasons contributing to the failure to reach the set economicgrowth target, he said, admitting the Government’s responsibility and pledgingthat the Government will work harder on the issue.
Pointingout barriers created by the Public Investment Law and relevant legal documents,Hue said ministries, agencies and localities were slow in detecting andamending unreasonable contents of the documents.
Besides,the loose coordination between ministries, agencies and localities were also attributedto the sluggish public investment allocations, the Deputy PM said.
Toaccelerate the work, the Government and the Prime Minister have regularlyreviewed the situation and added an array of guidelines, tasks and solutions inmonthly resolutions.
Ofnote, the Government issued Resolution No. 60 dated July 8, 2016 on tasks andsolutions to speed up the progress and improve the efficiency of publicinvestment capital, he said.
ThePrime Minister also set up a special working group led by a Deputy PrimeMinister to supervise the work.
Ina parallel effort, the Government issued a new resolution on acceleratingpublic investment disbursement with many new solutions during the Cabinetmeeting in May.
“TheGovernment will do more in the time ahead,” Deputy PM Hue promised.
Concludingthe hearing session of the Minister of Planning and Investment, NA ChairwomanNguyen Thi Kim Ngan asked the minister to pay heed to the allocation anddisbursement of mid-term investment, which still remained slow.
Otherproblems are the red tape in investment procedures and wastefulness ininvestment, she said, urging the Government, Minister Dung and other relevantministers to drastically implement set solutions.-VNA
Minister Dung was the last Cabinet member to take the floor at the Q&Asession on June 15 at the ongoing third sitting of the 14th NationalAssembly.
Respondingto queries regarding the two-year enforcement of the Public Investment Law, theminister highlighted remarkable outcomes, such as enhanced management ofdevelopment investment, and transparent and equal allocation of investmentcapital among localities and sectors.
Sincethe number of projects dropped from 15,000-16,000 in 2013 to only 5,000 atpresent, the capital was allocated more centrally, thus helping accelerate theproject progress and create more favourable conditions to lure private andforeign direct investments, he said.
Dungalso pointed out bottlenecks, saying several agencies and units have failed tofully understand objectives and viewpoints of the Public Investment Law anddecrees guiding the implementation of the law.
TheMinistry of Planning and Investment has suggested the Government review therelevant decrees and collected opinions on amendments to the Public InvestmentLaw to submit to the Government in September, he noted.
Speakingat the session, Deputy Prime Minister Vuong Dinh Hue admitted that thedisbursement of public investment in 2016 and the first five months of thisyear remained sluggish.
Thisis one of the reasons contributing to the failure to reach the set economicgrowth target, he said, admitting the Government’s responsibility and pledgingthat the Government will work harder on the issue.
Pointingout barriers created by the Public Investment Law and relevant legal documents,Hue said ministries, agencies and localities were slow in detecting andamending unreasonable contents of the documents.
Besides,the loose coordination between ministries, agencies and localities were also attributedto the sluggish public investment allocations, the Deputy PM said.
Toaccelerate the work, the Government and the Prime Minister have regularlyreviewed the situation and added an array of guidelines, tasks and solutions inmonthly resolutions.
Ofnote, the Government issued Resolution No. 60 dated July 8, 2016 on tasks andsolutions to speed up the progress and improve the efficiency of publicinvestment capital, he said.
ThePrime Minister also set up a special working group led by a Deputy PrimeMinister to supervise the work.
Ina parallel effort, the Government issued a new resolution on acceleratingpublic investment disbursement with many new solutions during the Cabinetmeeting in May.
“TheGovernment will do more in the time ahead,” Deputy PM Hue promised.
Concludingthe hearing session of the Minister of Planning and Investment, NA ChairwomanNguyen Thi Kim Ngan asked the minister to pay heed to the allocation anddisbursement of mid-term investment, which still remained slow.
Otherproblems are the red tape in investment procedures and wastefulness ininvestment, she said, urging the Government, Minister Dung and other relevantministers to drastically implement set solutions.-VNA
VNA
