Disbursement of public investment hoped to reach 95-100 pct of 2021 plan
The disbursement rate of public investment capital in 2021 is expected to reach between 95-100 percent of the plan assigned by the Prime Minister, according to the Ministry of Planning and Investment.
The disbursement rate of public investment in 2021 is expected to reach between 95-100 percent of the plan. - Illustrative image (Photo: VNA)
Hanoi (VNA) – Thedisbursement rate of public investment capital in 2021 is expected to reachbetween 95-100 percent of the plan assigned by the Prime Minister, accordingto the Ministry of Planning and Investment.
As planned, the disbursement of public investment will reach at least 60 percentof the plan by the end of the third quarter of the year.
Latest statistics released by the General Statistics Office (GSO) showthat total social investment in the first six months of 2021 increased 7.2percent year-on-year to 1,170 trillion VND.
Of the figure, over 295.2 trillion VND was sourced from thestate sector, up 7.3 percent; 660.1 trillion VND came from the non-statesector, rising by 7.4 percent; and 214.4 trillion VND was from the foreigndirect investment sector, up 6.7 percent.
GSO General Director Nguyen Thi Huong attributed the active results to solutionsto promote the disbursement of public investment capital and effective supportpolicies of the State for the business community, as well as the shifting of FDIinflows into Vietnam as the COVID-19 pandemic is gradually kept under control.
To realise the plan, the Government requested ministries, sectorsand localities to focus on reviewing the allocation of capital for projects inline with the implementation progress, speeding up land clearance, promptlyremoving difficulties related to landand natural resources facing enterprises, and accelerating construction ofprojects./.
The disbursed amount of public investment funded by official development assistance (ODA) in localities in the first five months of this year stood at only over 1.1 trillion VND (47.9 million USD), equivalent to just 1.73 percent of the year’s target, according to the Ministry of Finance (MoF).
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The disbursement rate of public investment in 2021 is expected to reach between 95-100 percent of the plan. - Illustrative image (Photo: VNA) 
