The disbursement of State budget capital reached an estimated 91.1% of the plan set for the year and rose 34.5% year-on-year, the highest rate in the 2011-2020 period.

Despite slow disbursement of foreign loans, that of public investment has become faster, contributing to making the country’s positive economic growth target feasible for the year.

VOV.VN - As a means of increasing the efficiency of economic stimulus packages, concrete plans should be devised in an effort to support sectors most affected by the COVID-19 epidemic, including aviation, tourism, and consumption, whilst accelerating the digital transformation and restructuring of businesses’ operations, according to insiders.

The Hanoi People’s Council held its 17th meeting on November 10 to consider and decide upon issues relating to public investment plans.

The disbursement of public investment sourced from the State budget reached VND354.6 trillion (nearly US$15.3 billion) during the past 10 months, an increase of 34.4% compared to the same period last year, according to the General Statistics Office (GSO).

Socio-economic development issues and a draft amended Law on Drug Prevention and Control will be high on agenda at the 10th session of the 14th-tenure National Assembly on November 2.

Vietnam is making all-out efforts to boost the disbursement of public investment as it seeks to post GDP growth of 3% this year amid the global economic downturn triggered by the COVID-19 pandemic.

Ten out of 12 ministries and agencies have committed to completing the disbursement of foreign loans this year after adjusting down their capital plans, the Ministry of Finance has reported.

The National Assembly (NA) Standing Committee convened its 49th session in Hanoi on October 12 afternoon to prepare contents to be submitted to the NA’s 10th session.

Vietnam’s real GDP would grow by 2.6% in 2020 and hit an 8.2% rebound next year, Fitch Solutions has forecast.