Public investment disbursement accelerates in July

It was equivalent to 41.26% of the target set for the whole year, compared with just 32.27% reported during the same period of 2019, said Minister-Chairman 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% and disbursement estimated at US$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%.