11-month public investment disbursement up nearly 20%
An estimated 445.9 trillion VND (over 18.18 billion USD) of investment capital sourced from the State budget was disbursed in the first 11 months of 2022, equivalent to 74.9% of this year’s target and rising19.9% year-on-year, according to the General Statistics Office (GSO).
Illustrative image (Photo: VNA)In November alone, the figure reached about 58.5 trillion VND, up 19.7% compared to the same period last year, the office reported.
Statistics from the Ministry of Finance show that 16 ministries and central agencies, and 29 localities have reported disbursement rates of over 60%. However, 27 ministries, agencies and 18 localities have recorded their disbursement rates below 50%.
Besides causes affecting the disbursement such as the increasing prices of material, unfavourable weather conditions, and problems in land clearance, other difficulties include those related to feasibility study reports, basic designs and total investment of projects.
Prime Minister Pham Minh Chinh has requested ministries, sector and localities to ramp up the disbursement of public investment capital in the remaining month of this year and early 2023.
In addition, the leader also emphasised the need to speed up the appraisal and approval of projects, and strengthen post-audit activities in the disbursement work./.
You should also see
Vuong Dinh Hue permitted to cease holding positions, working
The 13th Party Central Committee on April 26 agreed to let Vuong Dinh Hue cease holding the positions of Politburo member, member of the 13th Party Central Committee, and Chairman of the 15th National Assembly (NA) in the 2021 - 2026 tenure.
See more
Business
Investor confidence gains traction on improved business climate
Better investment climate, with simplified administrative producers and special incentives, has helped improve investor confidence, thus catalysing investments from a wider pook of both domestic and international investors for socio-economic development.
Business
Vietnam’s rice exports may exceed 2024 target
With positive results recorded so far, Vietnam can exceed its target of 7.6 million tonnes in rice export volume set for 2024, Nguyen Ngoc Nam, Chairman of the Vietnam Food Association, said at a conference in the Mekong Delta city of Can Tho on April 26.
Business
Ample room for Quang Ninh to attract FDI
The northeastern province of Quang Ninh has ample room to attract foreign direct investment (FDI) and realise the goal of attracting 3 billion USD in FDI this year and 10 billion USD in the 2020-2025 period.
Business
Long An, Dong Nai introduce strengths in RoK
The southern province of Long An and Dong Nai introduced their investment climate as well as socio-economic development orientations at an investment promotion conference held in the Republic of Korea (RoK) on April 26.
Business
Vietnam makes initial efforts to approach creative industries: CIEM
Vietnam has made initial efforts to approach creative industries and services, particularly a policy framework related to creative economy development, according to a new report released by the Central Institute for Economic Management (CIEM).
