PM orders faster public capital disbursement to fuel growth
Prime Minister Nguyen Xuan Phuc has ordered ministries, sectors and localities to boost the disbursement of public investment capital and consider this as the most important measure to make up for the losses the COVID-19 epidemic causes to economic growth.
Hanoi (VNA) – Prime Minister Nguyen Xuan Phuc hasordered ministries, sectors and localities to boost the disbursement of publicinvestment capital and consider this as the most important measure to make upfor the losses the COVID-19 epidemic causes to economic growth.
This is part of the conclusion he made at therecent meeting on solutions to tackle difficulties, promote economic growth andensure social security under the pandemic’s impact.
Accordingly, the PM requested ministries,sectors and localities to work harder to disburse all the capital left from2019 as well as the amount planned for this year.
He also demanded stronger attraction of privateand foreign investment, effective implementation of credit support solutions,swift handling of administrative procedures for the early application of reschedulingand reduction of taxes and fees related to businesses, and support for theexploration of new export markets.
Additionally, the Government leader told them tokeep a close watch on the pandemic’s developments and influence on economicgrowth so as to propose aid packages to stimulate growth at appropriate pointsof time.
They were also requested to take measures toensure social security and care for people’s life, especially labourersaffected by the COVID-19 outbreak; strictly control prices of the State-managedcommodities and input materials for businesses; and ensure the supply of foodand essential goods for consumption./.
Prime Minister Nguyen Xuan Phuc has agreed with the Ministry of Planning and Investment (MPI)’s proposal on a national online conference on speeding up public investment disbursement in 2020, which is set to take place late April.
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A view of Ho Chi Minh City (Photo: VNA) 
