HCM City (VNA) – Ho Chi Minh City had disbursednearly 23 trillion VND (987.48 million USD) of public investment capital as ofSeptember 22, completing 54.2 percent of its yearly target, the Officeof the city People’s Committee has reported.

According to the committee, the city has allocated more than42 trillion VND of public capital for the year.

Despite impact of the COVID-19 pandemic, the city has still enjoyedpositive results in public investment disbursement, with the disbursement amountand rate higher than those in the same period last year by 2.35 times and 1.89times, respectively.

However, the results have yet to meet the requirements ofthe Government due to difficulties in ground clearance.

In order to speed up the work, the city People’s Committee hasasked for advice from the Department of Planning and Investment on theadjustments and supplementation of the city public capital disbursement planfor 2020, as well as the revision of the middle-term plan for the 2016-2020period.

The department has also been directed to give consultationsto the People’s Council on reclaiming capital from projects that cannotdisburse all the assigned capital for those needing more investment.

The municipal People’s Committee also urged localities to continueapplying measures to speed up disbursement by shortening time for theprocessing of investment procedures./.