PM Pham Minh Chinh speaks at the conference which seeks ways to speed up public investment disbursement, September 28, 2021. (Photo: Duong Giang/VNA)

Addressing Tuesday’s national teleconference, PM Chinh said that Vietnam has so far disbursed only 47.38% of the nearly 22 billion USD of public investment allocated for this year.

Minister of Planning and Investment Nguyen Chi Dung explained that the slow disbursement was due to many factors, including ground clearance, bidding, changes in policies and regulations, the capacity of investors and contractors, and especially the COVID-19 pandemic.

PM Chinh underlined the significance of public investment to promote economic growth, create jobs and improve people's lives, noting that amid the difficulties brought about by COVID-19, it is important to recovery and boosting socio-economic development.