Public investment disbursement accelerates in July

06-Aug-2020 Intellasia | Nhan Dan | 6:02 AM Print This Post

The amount of public investment disbursed in July reached a record high, raising the total disbursement figure for the first seven months of 2020 to VND194.2 trillion (US$8.4 billion).

It was equivalent to 41.26 percent of the target set for the whole year, compared with just 32.27 percent reported during the same period of 2019, said minister-Chair of the government of Office Mai Tien Dung.

He said foreign direct investment also witnessed positive developments, with pledges in the January-July period up 14.4 percent and disbursement estimated at $10.1 billion.

Dung told reporters at a media briefing on August 3 that Vietnam continued to maintain macroeconomic stability with inflation in the first seven months averaging 4.07%, with core inflation at 2.74%.

He said ministers will take bold actions and strive to address bottlenecks to public investment in the remaining months of the year so that the disbursement rate for 2020 can reach 100%.


Category: Economy, Vietnam

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