Faster disbursement of public investment needed

According to the Ministry of Finance (MoF), the disbursement of public investment capital in the first quarter reached just 11 per cent of the plan, of which foreign capital was less than 1 per cent. Over VND50 trillion ($2.2 billion) is unallocated, and 29 localities have not disbursed funds. Foreign capital projects are still in the negotiation stage with foreign partners and selecting contractors. In order to speed up the allocation and disbursement of public investment capital, the MoF has proposed the Ministry of Planning and Investment suggest appropriate measures in accordance with the Law on Public Investment.