More than VND49.2 trillion ($2.05 billion) in public investment capital was disbursed in the first two months of 2023, according to the Ministry of Finance.

The figure was equivalent to 6.97 per cent of the annual target.

Some ministries and localities posted disbursement rates in excess of 20 per cent of the annual target, including northern Dien Bien, with 23.44 per cent, the Mekong Delta’s Tien Giang with 21.04 per cent, and the central highlands’ Lam Dong with 20.31 per cent.

Total public investment capital is estimated at VND711.7 trillion ($29.8 billion) in 2023, an increase of more than VND130 trillion ($5.43 billion) against 2022.

In order to speed up disbursement, the ministry has asked other relevant ministries and localities to quickly allocate all capital to eligible projects for implementation to get underway from the beginning of the year.