Over 23.7 billion USD in public investment disbursed in 2023
As much as 579.8 trillion VND (23.77 billion USD) worth of public investment was disbursed last year, equivalent to 73.5% of the yearly plan and nearly 82% of that assigned by the Prime Minister, according to the Ministry of Finance.
Hanoi (VNA) – As much as 579.8 trillion VND (23.77 billion USD) worthof public investment was disbursed last year, equivalent to 73.5% of the yearlyplan and nearly 82% of that assigned by the Prime Minister, according to theMinistry of Finance.
In a report sent to the Government leader, theministry lauded several units and localities with high disbursement rates(85-95%) such as the State Bank of Vietnam, the Ministry of Transport, theMinistry of National Defence, and Long An, Quang Ngai, Dong Thap and Ca Mauprovinces.
However, 63 out of 115 units and localitieshad estimated figures lower than the national average, with 12reporting disbursement rates of under 20%, and two under 40%, it noted.
The ministry said that reasons for lowdisbursement rates were conflicts between mechanisms and policies, some legalregulations on site clearance, and themechanism of assigning several localities to hold the prime responsibility for realising public investment in building roads passing through manylocalities and using the budget of one locality to support others.
To date, although some mechanisms have beenamended, there are many issues still being reviewed, affecting the progressof capital disbursement, it added.
The ministry stressed the need to continueaccelerating previously proposed public investment disbursement solutions. Projectdevelopers also need to soon appraise and accept the completed workloads andcomplete advance documents to send to the State Treasury for payment.
It also urged units to soon make a plan forthe capital that has yet to be disbursed./.
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Illustrative image (Photo: VNA) 
