public investment disbursement | Latest updated news - Page 1

Vietnam News Today (Feb. 3): Vietnam and Trinidad & Tobago establish diplomatic ties; Severe cold spells expected to hit northern mountainous provinces late this month; Vietnam among top 10 best places to go for budget honeymoon; Hanoi, HCM City record highest disbursement of public investment capital in January.

In July, the disbursement of Vietnam's public investment sourced from the State budget reached its highest rate over the past five years. 

Data from the Ministry of Planning and Investment revealed that Vietnam's disbursement of public investment in the first six months of 2020 amounted to nearly VND156 trillion (US$6.73 million), fulfilling 33.1% of the plan set by the National Assembly and the Prime Minister.

At an online conference between the Vietnamese Government and localities on July 2, Prime Minister Nguyen Xuan Phuc concluded that the disbursement of public investment should be one of the criteria to measure the performance of agencies, sectors and localities.

In order to fulfill public investment targets and minimize the impact of the Covid-19 pandemic on economic growth, the Hanoi People’s Committee has issued a document on speeding up disbursement progress of its five-year medium-term public investment plan (2016-2020) and of its 2020 plan, reported by Vietnam Economic News. 

As of mid-April, Da Nang city had disbursed nearly 680 million USD, by 13% of the target set for this year. Public investment disbursement in the first quarter was up 300% from the same period last year and 400% from the first quarter in 2018, reported by VOV.