The 14th National Assembly Standing Committee concluded its 58th meeting in Hanoi on July 14.

The disbursement of public investment must be sped up in the second half of this year as an important solution to accelerate economic growth amid the COVID-19 pandemic, according to the Ministry of Planning and Investment.

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 agricultural sector has disbursed about VND3.52 trillion (US$152.98 million) of public investment in the first six months of 2021, completing 35.83% of its yearly target, according to the Ministry of Agriculture and Rural Development (MARD).

The Japan International Cooperation Agency (JICA) plans to focus on health, public investment and human resource development in its activities in Vietnam in fiscal year 2021, which began on April 1, JICA's chief representative in Vietnam Shimizu Akira has confirmed.

The Minister of Transport has issued Directive 06/CT-BGTVT on speeding up public investment disbursement in 2021 to successfully realise the socio-economic plan and State budget estimate for the year.

The 57th meeting of the National Assembly (NA) Standing Committee was wrapped up on June 15 after one and a half days of sitting.

The disbursed amount of public investment funded by official development assistance (ODA) in localities in the first five months of this year stood at only over VND1.1 trillion (US$47.9 million), equivalent to just 1.73% of the year’s target, according to the Ministry of Finance (MoF).

Ho Chi Minh City targets achieving a 95% or higher rate for disbursement of public spending this year.

Vietnam plans to outlay VND2.87 quadrillion (US$124.5 billion) on public investment in the 2021-2025 period, up VND120 trillion compared to the previous estimate.