Of the sum, investment managed by the government was estimated at 32.5 trillion VND, equivalent to 29.3% of the yearly plan, a year-on-year decrease of 2.6%. Some ministries posted estimated disbursement rates lower than those recorded last year, namely the Ministry of Natural Resources and Environment (down 34.8%), the Ministry of Transport (down 19.1%), the Ministry of Health (down 1.5%) and the Ministry of Education and Training (down 1.1%).

The GSO also said that implemented investment capital managed by localities was estimated at 158.1 trillion VND, equal to 26.1% of the yearly plan and up 6.7% over the same period last year.

In May alone, 48.2 trillion VND in public investment capital from the State budget was disbursed, a year-on-year increase of 3.1%.

To promote the disbursement of public investment capital, the Ministry of Planning and Investment (MPI) suggested the Government to direct ministries, agencies and localities to proactively and drastically implement tasks and solutions set out in Resolutions of the National Assembly and the Government, especially the Prime Minister's directives on the acceleration of public investment disbursement.

Minister of Planning and Investment Nguyen Chi Dung urged ministries, sectors and localities to promptly handle difficulties to speed up the disbursement rate.

It is necessary to proactively review the disbursement capacity of each project to have adjustment plans from projects with slow disbursement to outstanding ones which need additional capital, he said.

According to the MPI, by the end of May, ministries, agencies and localities had allocated 634.6 trillion VND for projects, reaching 95.6% of the plan assigned by the Prime Minister.

Chairman of Bac Giang Provincial People's Committee Le Anh Duong orders to focus on disbursement of public investment capital and lychee consumption

BAC GIANG - The Bac Giang Provincial People's Committee (PPC) on May 21 held regular meeting in May under the chair of PPC Chairman Le Anh Duong. The event was attended by Lam Thi Huong Thanh, Standing Vice Chairwoman of the Provincial People's Council; three Vice Chairmen of the Provincial People's Committee: Mai Son, Le O Pich, Phan The Tuan.

FDI disbursement in January-April period reaches five-year record

The total foreign direct investment (FDI) disbursed in Vietnam in the first four months of this year is estimated to reach 6.28 billion USD, up 7.4% year on year, the highest four-month amount in the past five years, reported the General Statistics Office (GSO).

Four-month public investment disbursement reaches 14.66% of target

The disbursement of public investment in the first four months of this year was estimated to meet 14.66% of the set target and 15.65% of the plan assigned by the Prime Minister, according to the Ministry of Finance.

Bac Giang speeds up construction, public investment disbursement under roadmap

BAC GIANG - Determining that public investment disbursement plays an important role, contributing to supporting the recovery of production and business, and promoting socio-economic development, since the beginning of this year, the People's Committee of Bac Giang province has directed developers and localities to drastically implement tasks.

Public investment disbursement reaches record high

The disbursement of public investment was reported at nearly 676 trillion VND (27.52 billion USD) in 2023, reaching 95% of the set plan, also the highest level so far. In addition, public investment has been restructured to focus on projects with spillover effects.

Source: VNA