Vietnam to Speed Up Infrastructure Spending
by Joe Fotalattee
According to the HCM City People’s Committee chairman, Phan Văn Mi, the city will accelerate public spending to prevent delaying the development of public works and infrastructure.
Phan Văn Mi said the city has a target of disbursing 95% of approved public investment capital during a meeting on the city’s socio-economic goals for 2023.
Additionally, the city will prioritize enhancing public services, streamlining administrative reform, reducing inflation, and stabilizing the local economy. Major transportation projects will also move along more quickly.