The world situation continues to evolve in a very complicated, rapid and unpredictable manner, while the country’s resilience to external shocks is still limited, which requires courage and flexibility in managing socio-economic development, Minh Chinh stressed during a telematics conference.
He pointed out that for this reason, the executive decided to define public investment, effective implementation of the socio-economic rehabilitation and development plan and national target programs as key tasks for this year.
These are important tasks in economic, political, social and defense and security policy terms that help create a basis for socio-economic infrastructure and open up new development areas, said the head of government, quoted by the VNA news agency.
In addition, they will improve connectivity, maintain macroeconomic stability, eliminate hunger and reduce poverty, strengthen the country’s synergies, and provide impetus for rapid recovery and sustainable progress.
The premier pointed out that the public investment capital planned for 2023 is about $30 billion, more than $5 billion year-on-year, which means more work and higher demands on quality and efficiency, he said, calling for the pursuit of disbursement at least 95 percent of the plan.
Earlier this month, at a meeting of the Vietnamese government chaired by Minh Chinh, it was revealed that the liquidated amount of the state budget in the first month of the year was estimated at $1.15 billion, of which $972 million corresponded to the funds managed by the countries .
The country’s two economic engines, Hanoi and Ho Chi Minh City, recorded the highest public investment spending in the country in January, at $115 and $70 million respectively.
According to the General Statistics Office, the state capital issued was $23.7 billion as of the end of last December, which is 95.99 percent of the plan allotted by the prime minister.
For the current year 2023, the National Assembly (Parliament) of Vietnam has approved a public investment program with a total capital of about $29.85 billion, of which $4.01 billion (1.7 times more than last year) has been allocated to the Ministry of Transport.
jcm/mpm