Hai Phong city has been assigned a public investment capital plan for 2022 of nearly VND13 trillion ($550.4 million) by the Prime Minister. It plans to disburse 70.2 per cent by the end of September, and has committed to disbursing 100 per cent by January 31, 2023.
A project to upgrade the Cai Mep - Thi Vai channel in southern Ba Ria-Vung Tau province from buoy No.0 to the Cai Mep container port has been approved by the Ministry of Transport, with total investment of VND1.414 trillion ($60.4 million) coming from the medium-term public investment plan for the 2021-2025 period.
As of the end of July, Ho Chi Minh City had disbursed only VND8 trillion ($343.68 million) of public investment capital, or 26 per cent of the plan. Many projects have disbursed only 4-5 per cent of the capital allocated, and 100 projects have not disbursed any capital at all, including a project in the trillions of VND. The greatest bottleneck is site clearance and compensation appraisals.
Many analysts believe that, in the short term, the electricity industry will benefit as public investment accelerates. Banks, securities, and real estate also have potential, because these groups are present in every up and down.
According to the Ministry of Finance, the disbursement of public investment this year reached nearly VND187 trillion ($8 billion) as of July 31, equal to 34.4 per cent of the annual plan and down slightly year-on-year. More than VND56 trillion ($2.4 billion) in public investment is still to be allocated, or over 10 per cent of the plan.