PUBLIC INVESTMENT DISBURSEMENT REACHES 24% OF TARGET

Workers and machinery operate on a section of a public infrastructure project in Vietnam - PHOTO: VGP

HCMC — Vietnam had disbursed an estimated VND199.3 trillion in public investment capital by the end of May, reaching 22.2% of the annual plan and 24.1% of the target assigned by the prime minister, according to the Ministry of Finance.

The cumulative disbursement as of April 30 had stood at VND131.7 trillion, or 14.64% of the national plan. Disbursements for national target programs reached VND4.9 trillion, equivalent to 22.47% of the prime minister’s assigned plan.

By May 31, disbursements for national target programs rose to VND7.05 trillion, achieving 32.12% of the assigned plan.

The Ministry of Finance said the overall disbursement rate was higher than in the same period last year. Local budget disbursements increased, while central budget disbursements slightly declined. However, the general progress improved compared to previous months.

Several ministries and localities recorded higher-than-average disbursement rates. Agencies such as the Vietnam General Confederation of Labor, the Voice of Vietnam, and the Ministry of Public Security exceeded 30%. Provinces including Phu Tho, Thanh Hoa, Lao Cai, Thai Nguyen, Nam Dinh, Ha Giang, Ha Tinh, Ha Nam, Ninh Binh, Ba Ria-Vung Tau, and Thua Thien-Hue reported disbursement rates above 40%.

Some central agencies and localities, however, posted disbursement rates below 10-15%, with several yet to disburse any funds.

The ministry urged these entities to speed up project implementation and streamline procedures to boost disbursement.

To meet the 2025 target, ministries, agencies, and localities must implement measures under Government Resolution 124 and Notification 253, the ministry said.

Authorities were asked to resolve land clearance issues, expedite key projects, and enhance coordination.

For projects funded by official development assistance (ODA) loans, managing agencies were told to monitor schedules closely, address problems promptly, and work with the Ministry of Finance and donors to ensure progress.

Source: The Saigon Times