News

Disbursement of public investment increases in July

by NDO/VNA02 August 2020 Last updated at 11:42 AM

Comments0

Vietnam is hurrying up public investment disbursement as one of major drivers to get the economy back on its feet after the COVID-19 pandemic. (Photo for illustration)

VTV.vn - The disbursement of public investment sourced from the State budget in July increased to its highest rate in the past five years.

Latest updates from the General Statistics Office of Vietnam showed that the State budget sourced public investment disbursement was estimated at total VND45.7 trillion (US$1.97 billion) in July, representing a rise of 51.8% against the same period last year, the highest increase during the 2016-2020 period.

This year the disbursement of public investment totalled VND203 trillion, equivalent to 42.7% of the plan for the full year and up by 27.2% over the same period in 2019.

The Vietnamese Government targeted to disburse all public investment planned for this year as well as the public investment sums transferred from previous years in an effort to accelerate post-pandemic economic recovery.

This means that about VND630 trillion must be disbursed this year.

The Ministry of Finance reported that about VND160 trillion was disbursed in the first half of this year.