Tag: Ministries and branches

According to the Ministry of Finance (MoF), the speed of public investment disbursement is accelerating, reaching 46.7 per cent of the plan by the end of September, or nearly VND253 trillion ($10.7 billion). However, 39 of 51 ministries and branches and 22 out of 63 cities and provinces have a disbursement rate at below the national average, of which 14 ministries and branches have disbursed less than 20 per cent of the plan.

To mark National Digital Transformation Day, to be held on October 10 every year as identified under the Prime Minister’s Decision No. 505/QD-TTg dated April 22, 2022, the Ministry of Information and Communications (MoIC) has proposed that ministries and branches launch digital transformation initiatives that bring practical immediate and long-term benefits from October 1 to 10 this year or throughout the month of October. It also proposed a number of reference initiatives for ministries, sectors, and businesses.

Nine ministries and branches have sent documents to the Ministry of Finance requesting they return VND8.05 trillion ($354.4 million) in capital from foreign loans, or 44.08 per cent of the plan assigned by the Prime Minister, as they will be unable to disburse all of the capital allocated to them by the end of this year.