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Deputy Finance Minister suggests speeding up public capital disbursement

There remains difficulties in the disbursement of public investment capital between now and the year-end due to COVID-19, said Deputy Finance Minister Tran Xuan Ha during a teleconference on June 25.
Deputy Finance Minister suggests speeding up public capital disbursement ảnh 1Deputy Finance Minister Tran Xuan Ha speaks at the event (Photo: VNA)


Hanoi (VNA) – There remains difficulties in the disbursement of publicinvestment capital between now and the year-end due to COVID-19, said DeputyFinance Minister Tran Xuan Ha during a teleconference on June 25.

As of June 24, foreign capital disbursement surpassed 7.4trillion VND (321 million USD), or 13.1 percent of the estimate.

Of the figure, over 2.8 trillion VND were disbursed byministries and agencies and the remaining by localities.

Head of the Finance Ministry’s Department ofDebt Management and External Finance Truong Hung Long said 10 localities haveyet to disburse foreign loans this year, including Bac Giang, Hai Duong, NamDinh, Da Nang, Ninh Thuan, Binh Thuan, Binh Phuoc, Dong Nai and Tien Giang.

In Ho Chi Minh City alone, disbursement ratenow stands at 4.13 percent.

Pham Thi Hong Ha, Director of the municipalFinance Department, said the city will disburse over 7.63 trillion VND inforeign loans this year, or 53.76 percent of the plan.

Deputy Minister Ha suggested that the Government and Prime Minister directministries, agencies and localities to work closely with relevant agencies tospeed up public investment capital, including foreign and preferential loans./.

VNA
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