PUBLIC INVESTMENT DISBURSEMENT EXCEEDS 50% IN JANUARY-SEPTEMBER

Disbursement of public investment capital reached VND363.3 trillion (US$15.3 billion) in the first three quarters this year, accounting for 51.38 percent of the whole-year volume, Deputy Minister of Planning and Investment Tran Quoc Phuong told reporters on Thursday.

The above figure was 4.68 percentage points higher than that of the same period last year, the Deputy Minister said a press briefing following the Cabinet meeting.

Total public investment capital for 2023 is over VND 700 trillion (US$ 29.85 billion), up VND140 trillion from 2022 and VND260 trillion from 2021.

As public investment capital is considered as key the key accelerator for post-pandemic recovery, Prime Minister Pham Minh Chinh ordered subordinate levels to raise the disbursement rate to at least 95 percent this year.

To speed up disbursement rate, the Government has organized masssive review of legal framework for necessary amendments.

The Government, ministries and central agencies will amend and supplement regulations under their authority while bottlenecks related to laws will be submitted to the National Assembly amendments.

Source: VCCI