Some 97 per cent of public investment capital for 2024 has been allocated to State-run agencies and localities, equivalent to VND622 trillion ($25.9 billion), according to Deputy Minister of Planning and Investment Do Thanh Trung.

The rate is higher than last year, which stood at 78 per cent.

Total public investment capital allocated by the government this year is VND657 trillion ($27.3 billion).

Speaking at a press briefing for the regular government meeting on February 1, Deputy Minister Trung said the government has defined public investment as a field that will help boost economic growth while tackling development difficulties and obstacles.

Disbursement of public investment capital reached VND16.9 trillion ($704 million) in January, equivalent to 2.58 per cent of the total and higher than the 1.8 per cent recorded in January last year, figures from the Ministry of Finance show.