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Disbursed public investment in 2021 hits 77.3 percent: MoF

The public investment disbursed in 2021 has reached 77.3 percent of the target set by the Prime Minister, lower than the rate of 82.66 percent recorded last year, according to the Ministry of Finance (MoF).
Nguyễn Thị Ngọc Thúy
Disbursed public investment in 2021 hits 77.3 percent: MoF ảnh 1Binh Khanh Bridge spanning the Soai Rap River in Ho Chi Minh City under construction (Photo: VNA)
Hanoi (VNA) – The publicinvestment disbursed in 2021 has reached 77.3 percent of the target set by thePrime Minister, lower than the rate of 82.66 percent recorded last year,according to the Ministry of Finance (MoF).

Of the sum, the disbursed domestic capitalis equivalent to 83.66 percent of the target for this type of funding while foreigncapital 26.77 percent.

By the end of December, sevenministries and 20 localities have posted a disbursement rate of over 80percent, including the provinces of Ba Ria - Vung Tau (95.7 percent), Hai Duong(91.6 percent), and Long An (91.4 percent).

Noting several causes of the modest disbursement, the MoF pointed to the slowassignment of public investment plans for new projects, problems in siteclearance, the complex COVID-19 situation, the surge in prices of constructionmaterials, the lack of drastic moves by some ministries and localities, as wellas the low-quality preparations and limited capacity of some project managers,supervisors, and contractors.

Given this, the ministry continuedrequesting ministries, central agencies, and localities push ahead withimplementing the directions issued by the Government, the PM, and the Cabinet’sinspection delegations so as to disburse as much public investment capital aspossible as ordered by the PM./.
Nguyễn Thị Ngọc Thúy
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#public investment #Ministry of Finance #domestic capital #foreign capital #public investment disbursement #updated Vietnam news #Vietnamplus #Vietnam News Agency
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