Ten-month public investment disbursement fulfills 52.1% of plan
As of October 31, the disbursement of public investment was estimated at over 401.86 trillion VND (16.37 billion USD), completing 52.1% of the set plan and 56.84% of the target assigned by the Prime Minister, the Ministry of Finance reported.
To push ahead with public investment disbursement in the remaining months of this year, the ministry suggested removing obstacles to national target programmes. (Photo: VNA)
Hanoi (VNA) – As of October 31, thedisbursement of public investment was estimated at over 401.86 trillion VND (16.37billion USD), completing 52.1% of the set plan and 56.84% of the target assignedby the Prime Minister, the Ministry of Finance reported.
Of the amount, 72.47trillion VND was disbursed for the socio-economic recovery and developmentprogramme, or 58.75 of the PM’s target, the ministry added.
It pointed to sluggishnessby some ministries and localities in land handover and forest conversion, and theimplementation of new regulations on firefighting and environment.
To push ahead with publicinvestment disbursement in the remaining months of this year, the ministry suggestedremoving obstacles to national target programmes. It asked the Ministries ofPlanning and Investment, Health, Agriculture and Rural Development, and Labour,Invalids and Social Affairs, and the Committee for Ethnic Minority Affairs to review hindrances for timely solutions.
Localities need toconcentrate on untangling knots related to licensing mineral, stone and sand exploitationin service of projects, as well as site clearance./.
Vietnam is striving to accelerate the disbursement of public investment in the remaining months, which will create a driving force for economic growth.
Public investment is expected to be an engine for Vietnam’s economic growth in the context that global headwinds may challenge the country’s growth target of 6.5%, according to experts.
The structure of public investment capital in the last few years has changed in line with Vietnam’s economic reforms, boosting the restructuring of industries, and regions as well as balancing socio-economic development and social welfare, said Minister of Planning and Investment Nguyen Chi Dung.
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To push ahead with public investment disbursement in the remaining months of this year, the ministry suggested removing obstacles to national target programmes. (Photo: VNA) 
