VIETNAM PUTS PUBLIC INVESTMENT DISBURSEMENTS AT VND603.6 TRILLION

Stacks of Vietnamese banknotes are seen at a bank in HCMC - PHOTO: ARCHIVES

HCMC – Vietnam’s public investment disbursements had amounted to VND603.6 trillion in the year to December 18, equivalent to 66.1% of the plan assigned by the prime minister.

According to the Ministry of Finance, actual disbursements by December 11 had totaled VND577.7 trillion, or 63.3% of the prime minister-approved plan of VND913.2 trillion, the Vietnam News Agency reported.

Excluding additional allocations approved after September 30 and funds added for the implementation of Resolution 57-NQ/TW, amounting to VND27.4 trillion, the disbursement rate is estimated at 68.1%.

As of December 18, 12 ministries and central agencies and 18 localities recorded disbursement rates at or above the national average. These include major institutions such as the Vietnam Development Bank, the Vietnam Expressway Corporation, Vietnam Electricity Group, the State Audit Office, and the Ministry of Finance. Among localities, Ha Tinh, Ninh Binh, Thanh Hoa, Hanoi, HCMC, Quang Ninh, Nghe An and Gia Lai were among those meeting or exceeding the average level.

However, 20 ministries and central agencies and 11 localities remained below the national average. These include the Ministry of Health, the Ministry of Education and Training, the Ministry of Construction, the Ministry of Agriculture and Environment, Vietnam Television, the Vietnam News Agency, and the Ministry of Foreign Affairs. Localities with lower disbursement rates include Can Tho, Danang, Lam Dong, Khanh Hoa, Dak Lak and Cao Bang.

Public investment disbursement is a key driver of economic growth and remains a focus of government efforts toward the end of the year.

Source: The Saigon Times