The disbursement of public investment in 2025 hit a five-year high although the Government fell short of its target of fully disbursing the plan, according to the Ministry of Finance.
Provinces, ministries and government agencies had allocated VND664.9 trillion (US$26.7 billion) for public investment as of the end of September, showed data from the Ministry of Finance (MoF).
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.
The disbursement of public investment funded by official development assistance (ODA) in localities in the first six months of this year has reached only 7.6% of the year’s target, according to the Ministry of Finance (MoF).
The disbursed public investment sourced from foreign borrowing was estimated at more than VND9 trillion in the first 11 months of the year, equivalent to only 26% of the plan, said an official from the Ministry of Finance.
A total of VND285.4 trillion (US$12.18 billion) sourced from the State budget was disbursed in the first eight months of 2022, equal to 51% of the yearly plan and up 16.9% year-on-year.
VOV.VN - With a high rate of vaccine coverage nationwide in late 2021 coupled with a rapid rollout, the Vietnamese economy is forecast to make a strong recovery with bright and optimistic signals ahead, according to economic experts.
The disbursement rate of public investment capital in 2021 is expected to reach between 95%-100% of the plan assigned by the Prime Minister, according to the Ministry of Planning and Investment.
The capital city of Hanoi disbursed close to VND34.3 trillion (nearly US$1.49 billion) in public investment last year, representing 88.1% of the goal set by the government.
VOV.VN - Sanctions are set to be imposed on localities that fail to meet this year’s public investment disbursement target, Prime Minister Nguyen Xuan Phuc stated on August 21 during an online conference in Hanoi.