Vietnam to disburse 30 billion USD of public investment by the end of 2023
(VOVWORLD) - Vietnam’s public investment disbursement reached 9.2 billion USD in the first half and needs to add 30 billion USD in the second half, the Ministry of Planning and Investment told the Government's monthly press conference in Hanoi on Tuesday.
 Deputy Minister of Planning and Investment Tran Quoc Phuong (Photo: VOV) |
Deputy Minister of Planning and Investment Tran Quoc Phuong says there remains a fairly large volume of public investment capital for 2023 which includes the planned capital for this year and additional capital from economic recovery and socio-economic development programs pursuant to the National Assembly’s resolution No. 43.
This is a tough mission for the last 6 months of the year, said Phuong. It will require all sectors to make a greater effort to meet the disbursement target of at least 95% of the total capital plan assigned by the Prime Minister.
“In recent years, disbursement rates have exceeded 90%. That’s reason for us to believe that we can achieve the goals set by the Prime Minister,” said Phuong, adding, “Under the Prime Minister's supervision, many key transportation and other projects have begun. That’s a good sign. When a project begins, the disbursement for the first phase focuses on site clearance which often requires a large amount of capital.”
Phuong said the just-concluded National Assembly session removed obstacles for public investment disbursement and allowed medium-term capital to be allocated to socio-economic recovery programs, making it easier for projects to be implemented between now and the end of the year.