Hanoi to accelerate disbursement of public investment (22:48 20/07/2020)

HNP - Hanoi People’s Committee issued action plan No.144/CTr-UBND on July 15, regarding measures to support the business community and accelerate disbursement of public investment funds in the post-Covid-19 period. 

Among measures to boost economic growth, Hanoi People’s Committee requested local authorities to continue pursuing the dual target of both containing the pandemic and boosting economic growth. At the same times, localities are requested to strictly monitor foreign experts on entry in order to ensure their compliance with quarantine rules. 
Moreover, Hanoi’s leaders expected to review measures and solutions to boost economic growth, especially policies to attract investment capital and address concern of the business community, aiming for rapid economic recovery. 
Hanoi would gather the best possible conditions to attract new investment capital, including the master planning, infrastructure, land, human resource training,  administrative reform, among others, while standing ready to receive an influx of  investment capital from multinationals looking to diversify their global supply chains. 
Besides, Hanoi would focus on addressing concern in production and business activities; simplifying and removing overlapping and obsolete administrative procedures in the business activities; moving towards working online and substantial administrative reform. 
People’s committees at district and ward-levels to speed up the site clearance processes to handover clear sites for contractors in a timely manner; reviewing the disbursement progress and bottlenecks during the construction process. 
Hanoi aims to disburse over 60% of the targeted amount of public investment in the first six months of 2020 and complete payment process for projects within four days since the works quality are accepted. 

By Ngoc Lam



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