The Ministry of Finance (MoF) has reported that more than VND65.4 trillion ($2.74 billion) worth of public investment capital has yet to be allocated, equivalent to 9.26 per cent of the target assigned by the Prime Minister.

As of the end of April, 25 out of 50 ministries and centrally-run agencies and 45 out of 63 localities had yet to allocate all of their assigned capital.

Total capital earmarked for public investment this year is over VND756 trillion ($32 billion).

The MoF recently asked ministries, agencies, and localities to urgently take measures to speed up investment procedures and approve investment projects to allocate all public investment capital in 2023 assigned by the Prime Minister.