The disbursement of public investment capital in 2023 was estimated at nearly VND580 trillion ($24.1 billion), equivalent to 73.5 per cent of the annual target, according to the latest report from the Ministry of Finance.

The rate was higher than in 2022, when 67.27 per cent was disbursed.

Disbursement in the socio-economic recovery and development program stood at more than VND72.6 trillion ($3 billion), equal to 56.1 per cent of the target set by the Prime Minister.

Some ministries and localities posted high rates, including the State Bank of Vietnam (94.74 per cent), the Ministry of Transport (86.08 per cent), the Ministry of National Defense (85.05 per cent), central Quang Ngai province (98.94 per cent), the Mekong Delta’s Long An province (94.78 per cent), the Mekong Delta’s Dong Thap province ($91.68 per cent), and southernmost Ca Mau province (90.49 per cent).

However, 12 ministries and centrally-run agencies reported disbursement rates of less than 20 per cent of the target while others disbursed less than 40 per cent.