Draft amendments to solve paradoxes in public investment activities
According to the SGGP Newspaper, in the first nine months of the year, the public disbursement rate reached 47.29 percent of the plan, lower than the same period in 2023 which achieved 51.38 percent. Currently, 31 ministries, central agencies, and 23 localities have failed to meet the national average disbursement rate. Deputy Minister of the Ministry of Planning and Investment Tran Quoc Phuong said that the progress of public investment disbursement has not yet met expectations due to both objective and subjective factors, including limitations in the current Law on public investment.
The amended Law on public investment submitted to the National Assembly for consideration and approval at the ongoing eighth session of the 15th National Assembly has concertized five main policy groups, consisting of policies to institutionalize the mechanisms and specific policies approved by the National Assembly; policies to continue promoting decentralization and authorization; policies to enhance the quality of investment preparation, resources exploitation, and capacity for implementing public investment projects at the localities and state-owned enterprises; policies to promote the implementation and disbursement of ODA funds and concessional loans from foreign donors; and policies to simplify procedures and clarify terms and regulations, to ensure the coherence and consistency of the legal system.
Translated by Kim Khanh
