Over 23.7 billion USD in public investment disbursed in 2023
As much as 579.8 trillion VND (23.77 billion USD) worth of public investment was disbursed last year, equivalent to 73.5% of the yearly plan and nearly 82% of that assigned by the Prime Minister, according to the Ministry of Finance.
Hanoi (VNA) – As much as 579.8 trillion VND (23.77 billion USD) worthof public investment was disbursed last year, equivalent to 73.5% of the yearlyplan and nearly 82% of that assigned by the Prime Minister, according to theMinistry of Finance.
In a report sent to the Government leader, theministry lauded several units and localities with high disbursement rates(85-95%) such as the State Bank of Vietnam, the Ministry of Transport, theMinistry of National Defence, and Long An, Quang Ngai, Dong Thap and Ca Mauprovinces.
However, 63 out of 115 units and localitieshad estimated figures lower than the national average, with 12reporting disbursement rates of under 20%, and two under 40%, it noted.
The ministry said that reasons for lowdisbursement rates were conflicts between mechanisms and policies, some legalregulations on site clearance, and themechanism of assigning several localities to hold the prime responsibility for realising public investment in building roads passing through manylocalities and using the budget of one locality to support others.
To date, although some mechanisms have beenamended, there are many issues still being reviewed, affecting the progressof capital disbursement, it added.
The ministry stressed the need to continueaccelerating previously proposed public investment disbursement solutions. Projectdevelopers also need to soon appraise and accept the completed workloads andcomplete advance documents to send to the State Treasury for payment.
It also urged units to soon make a plan forthe capital that has yet to be disbursed./.
Vietnam is striving to accelerate the disbursement of public investment in the remaining months, which will create a driving force for economic growth.
As of October 31, the disbursement of public investment was estimated at over 401.86 trillion VND (16.37 billion USD), completing 52.1% of the set plan and 56.84% of the target assigned by the Prime Minister, the Ministry of Finance reported.
The State Bank of Vietnam (SBV) will step up the information work to further popularise the social housing loan package among the public given its sluggish disbursement, SBV Governor Nguyen Thi Hong said at a question and answer session of the 15th National Assembly in Hanoi on November 6.
As of November 15, Hanoi disbursed 30.13 trillion VND (1.24 billion USD) worth of public investment, meeting 64.2% of the plan assigned by the Government, and 56.75% of its set target.
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Illustrative image (Photo: VNA) 
