Kien Giang to use 224 million USD for public investment plan this year
The southern province of Kien Giang will spend over 5.12 trillion VND (224.2 million USD) implementing its public investment plan in 2022, according to the provincial Department of Planning and Investment.
Kien Giang (VNA) – The southern province of Kien Giang will spend over5.12 trillion VND (224.2 million USD) implementing its public investment planin 2022, according to the provincial Department of Planning and Investment.
Of the total, 3.93 trillion VND will be sourced from the localbudget, and over 1.19 trillion VND from the central budget.
In the first two months of this year, over 610 billion VNDwas disbursed, equal to nearly 12 percent of the yearly plan.
To date, Kien Giang has allocated nearly 5 trillion VND inpublic investment to agencies, units and localities.
Vice Chairman of the Kien Giang provincial People's Committee NguyenThanh Nhan said that the province has issued a plan on the implementation ofmain tasks and solutions to boost socio-economic development in 2022, which stressedthe need to carry out the public investment plan drastically since the beginningof the year.
Attention will be paid to speeding up disbursement inassociation with raising the efficiency of management and use of publicinvestment.
The province will regularly check and request units andinvestors to quickly carry out procedures, promptly address difficulties andweaknesses, especially in ground clearance, to step up disbursement in keyprojects, particularly in Rach Gia, Hon Dat, Kien Luong, Chau Thanh, Aജn Bien, UMinh Thuong and Phu Quoc./.
Deputy Prime Minister Pham Binh Minh has asked ministries, sectors and localities to strictly follow the direction of the Government and the Prime Minister to achieve the highest disbursement rate in the remaining time of 2021 while ensuring the effectiveness of public investment projects.
The public investment disbursed in 2021 has reached 77.3 percent of the target set by the Prime Minister, lower than the rate of 82.66 percent recorded last year, according to the Ministry of Finance (MoF).
Civil construction is likely to be one of the sectors that enjoy direct or indirect benefits from the Government’s public investment wave, according to insiders.
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Disbursement of investment capital sourced from the State budget was estimated at 46.3 trillion VND (2.02 billion USD) in the first two months of 2022, up 10.4 percent from the same period last year and completing 8.8 percent of the yearly target, according to the General Statistics Office (GSO).
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Illustrative image (Source: VNA) 
