Total public investment capital allocated by ministries and centrally-run agencies and localities reached over VND672 trillion ($28.1 billion) as of the end of February, equal to 95.05 per cent of the target set by the Prime Minister, according to the Ministry of Finance (MoF).

As of the end of last month, the ministry had received reports on allocations of capital for public investment from 49 of 52 ministries and centrally-run agencies as well as all 63 cities and provinces nationwide.

The reports shows that 26 centrally-run agencies and 50 localities have allocated all public investment capital assigned by the Prime Minister.

Nearly VND79.5 trillion ($3.32 billion) has yet to be allocated as many projects have failed to complete investment procedures.

Meanwhile, inspections by the MoF found that some projects were allocated investment capital but are yet to meet disbursement requirements.

The ministry requested that these agencies and localities adjust their allocation plans in line with regulations.