Public investment disbursement increases sharply in 8 months

(VOVWORLD) - Vietnam disbursed 61.3 trillion VND (2.6 billion USD) of public investment capital in August, up 29.1% against last year, said the General Statistics Office (GSO).
Public investment disbursement increases sharply in 8 months   - ảnh 1Construction of the eastern section of the North-South Expressway project is under way. (Photo: Viet Hung/Vietnam+)

The result helped the public investment disbursement over the past 8 months reach almost half of the yearly target and grow 23.1% from a year earlier.

Hanoi, HCMC, and Binh Duong province were among the localities to have high rate of disbursement.

During January- August, the Ministry of Transport led the implementation of the state capital sources followed by the Ministry of Agriculture and Rural Development and the Ministry of Natural Resources and Environment.

Deputy Minister of Planning and Investment Tran Quoc Phuong said 2023 is a challenging year for public investment activities with a huge public investment capital plan.

To be able to disburse more than 95% as directed by the Prime Minister, ministries and localities need to take more drastic measures to promote the disbursement of public investment capital.

Under the plan, it’s necessary to adjust capital plans for the projects that have been reported to the National Assembly at the session in May and June, for socio-economic recovery and development projects, and for medium-term public investment projects until 2025 that have been approved for capital allocation this year in accordance to the NA resolution 93.