Positive disbursement of public investment set to leverage economic growth
VOV.VN - The disbursement rate for public investment of 30.49% recorded during the first half of the year is widely viewed as one of the key driving forces in accelerating Vietnam’s economic growth ahead in the remaining months of the year, according to insiders.
At the Government’s regular press briefing on July 4, economists pointed out that the six-month disbursement rate reached 30.49%, equivalent to nearly VND216,000 billion, doubling the average level in the 2016 to 2020 period.
This positive disbursement is anticipated to exert a great impact on the overall economic recovery and development of businesses amid continued global economic and political fluctuations.
Most notably, nine ministries, agencies and 32 localities recorded a disbursement rate of over 30%, including Tien Giang at 52.82%, Dong Thap at 50.28%, Long An at 48.9%, the Development Bank at 100%, and the State Bank of Vietnam at 47.08%.
With regard to key transport projects, the east section of the North-South Expressway project in the 2021 to 2025 period secured a disbursement rate of 54.5% of the total assigned plan.
These are positive signs in terms of disbursement of public investment capital in the first half of the year, said Deputy Minister of Planning and investment Tran Quoc Phuong.
He noted that it is a heavy task ahead to disburse a total public investment capital of about VND711,000 billion this year that requires great efforts from all economic sectors in order to fulfill the target of disbursing 95% of public investment this year as assigned by the Prime Minister.
Experts suggested that local authorities take drastic measures to tackle difficulties in project implementation, particularly obstacles relating to site clearance and investment procedures in order to further speed up capital disbursement till the end of the year.
