Disbursement of public investment in the January - July period is estimated to have increased 3.88 per cent, or VND80.7 trillion ($3.3 billion), against the same period last year, the Ministry of Finance has reported.
Total public investment allocated for 2023 stands at over VND808 trillion (nearly $34 billion), including VND54 trillion ($2.4 billion) carried over from previous years.
It is projected that the total capital disbursed by the end of July was more than VND284 trillion ($12 billion), fulfilling 35.71 per cent of the annual plan.
Total disbursement from the capital plan for 2023 is estimated at VND267.6 trillion ($11.2 billion) as at the end of July, fulfilling 35.49 per cent of the plan and 37.85 per cent of the plan assigned by the Prime Minister, against 31.61 per cent and 34.47 per cent in the corresponding period of 2022.
The ministry reported that domestic capital disbursement is projected to be 38.53 per cent while foreign capital disbursement is 21.47 per cent, up from 36.02 and 11.9 per cent, respectively, in the same period of 2022.
According to the finance ministry, 12 ministries and 39 localities recorded disbursement rates higher than the average in the country.
Localities and agencies recording high disbursement include Dong Thap (58.29 per cent), Tien Giang (56.3 per cent), Long An (54.29 per cent), the Vietnam Development Bank (100 per cent), the State Bank of Vietnam (63.38 per cent), the Vietnam Bank for Social Policies (62.75 per cent), and the Vietnam Academy of Science and Technology (47.14 per cent).
Among 40 ministries and 24 localities posting disbursement rates lower than the country’s average, 32 ministries and centrally-run agencies and four localities disbursed less than 20 per cent of the annual plan.
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