Data from the Ministry of Finance showed that as of the end of September this year, ministries, government agencies and local areas had allocated VNĐ664.9 trillion (US$26.7 billion) for public investment.
Prime Minister Phạm Minh Chính on October 8 signed an official dispatch, urging relevant authorities to accelerate the disbursement of public investment in the remaining months of this year.
The disbursement of Việt Nam''s public investment using foreign funds remains low, at just over 8.5 per cent, said Võ Hưu Hiền, deputy director of the Ministry of Finance''s (MoF) debt management department.
Promoting implementation and disbursement of public investment capital has strategic significance and is a key task to contribute to promoting economic growth in the next quarters and the whole year. General Statistics Office director Nguyễn Thị Hương speaks to Vietnam...
The Planning and Investment Department revealed that over VNĐ6.77 trillion has been allocated to the North-South Expressway project, equivalent to some 65% of the ministry’s total disbursement.
The Ministry of Finance highlighted the need for a robust disbursement of public investment capital in 2024, requiring a serious and resolute approach to promote disbursement according to government regulations.
To speed up the public disbursement, drastic measures must be raised to remove bottlenecks in the implementation of public-invested projects, especially in site clearance, investment procedures and shortage of building materials.
Investors should buy in stocks of businesses with strong resilience in the second half of this year, amid the context that the stock market is entering a growth momentum.
Viet Nam’s gross domestic product (GDP) is expected to grow 5.34% this year under the first scenario set out by the Central Institute for Economic Management (CIEM).
The disbursement of public investment capital was only more than VND110.63 trillion in the first four months , equalling to only 14.66 per cent of the plan
The National Assembly approved the public investment plan with a total capital of over VND700 trillion (US$29.85 billion) in 2023, VND140 trillion higher than the plan in 2022 and VND260 trillion higher than 2021.
Overall, the disbursement of public investment was 58.33 per cent as of the end of November, leaving a huge workload for the remaining days of this year.
The recovery of the economy, along with the Government''s acceleration of the disbursement of public investment capital are favourable factors for the development of the domestic cement industry.
The Ministry of Finance reported that estimated payment is VNĐ186.8 trillion from the beginning of the year to July 31, reaching 34.47 per cent of the plan assigned by the Prime Minister.