Vietnam’s public investment disbursement up 34pct in eleven months

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

Disbursement of public investment in the first eleven months of 2020 reached VND406.8 trillion (US$17.65 billion), equivalent to 79.3 percent of the target for the year and up 34 percent over the same period in 2019.

The figures were released by the General Statistical Office (GSO), which added it was the highest during the 2011-2020 period as a whole.

The statistics agency said ministries, sectors and local authorities are focusing on dealing with hurdles to disbursement in order to accelerate the progress of projects and reach the highest possible disbursement ratio.

According to deputy minister of Planning and Investment Tran Quoc Phuong, stepping up public investment disbursement should be considered a key task and disbursement results form the basis for end of the year assessments.

He also called for a thorough review of investment projects so appropriate measures can be taken to accelerate progress or funding can be transferred to projects in need of more investment for early completion.

The GSO also reported that total foreign investment in Vietnam in the January-November period was estimated at $26.4 billion, down 16.9 percent from the same period last year.

During the period, Vietnamese enterprises also invested a total of $490.4 million in overseas projects, up 6.9 percent from a year ago.


Category: Economy, Vietnam

Print This Post

Comments are closed.