Capital disbursement for student dorms moving sluggishly

Ho Chi Minh City has not disbursed any fund on building dorms for students

Ho Chi Minh City and Hanoi are disbursing capital for the construction of student accommodation too slowly, the Ministry of Finance has said.

Earlier, during a meeting between ministry leaders and Deputy Prime Minister Nguyen Thien Nhan, the Finance Ministry petitioned not to provide governmental bonds of around VND2 trillion for construction of student dorms in 2010 because capital disbursement had been too slow.

Hanoi has disbursed VND54 billion while Ho Chi Minh City has not dispersed any funds. 

The Deputy Prime Minister said ministries and agencies should disburse around 90 percent of the capital allotted for student housing before June or otherwise the Ministry of Construction would transfer the capital to other projects.

By A. Kiet - Translated by Uyen Phuong

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