Two-month public capital disbursement faster than last year’s same period

More than 44.6 trillion VND (1.95 billion USD) of public investment was disbursed in the first two months of 2022, equivalent to 8.61 percent of this year’s target and higher than the rate of 5.09 percent in the same period last year.
aa
Two-month public capital disbursement faster than last year’s same period
A building of the Tay Ho kindergarten, a project completely funded with public capital and invested by the People's Committee of Hanoi's Tay Ho district

More than 44.6 trillion VND (1.95 billion USD) of public investment was disbursed in the first two months of 2022, equivalent to 8.61 percent of this year’s target and higher than the rate of 5.09 percent in the same period last year.

The Ministry of Finance said the disbursement rates for domestic and foreign capital reached 9.22 percent and 0.2 percent, compared to the respective figures of 5.68 percent and 0.38 percent seen during the same period last year.

Seven ministries and 20 localities have recorded a disbursement rate of over 15 percent, including the Vietnam Fatherland Front Central Committee 32.65 percent, Thai Binh 31.7 percent, and Lai Chau 27.3 percent.

However, the ministry held that the two-month disbursement was still low compared to the targets, blaming on the fact that in January, ministries, central agencies, and localities had to focus on paying for the workload completed in 2021 and allocating capital for 2022.

The long Lunar New Year holiday in February and the complicated COVID-19 situation in some localities have also considerably affected the disbursement speed, according to the ministry./.

en.vietnamplus

Đọc thêm

Heineken to shift production from Singapore to Vietnam and Malaysia

Heineken to shift production from Singapore to Vietnam and Malaysia

Dutch brewer Heineken will shift its brewing production from Singapore to Vietnam and Malaysia as part of its strategy to build a more agile regional supply approach.
Lynas secures Vietnam metal processing deal with LS Eco Energy

Lynas secures Vietnam metal processing deal with LS Eco Energy

Australian rare-earths miner Lynas has signed a framework agreement with LS Eco Energy to produce rare earth metals at a new facility in Vietnam.
Vietnam and EU seek to strengthen ties in transport infrastructure and urban development

Vietnam and EU seek to strengthen ties in transport infrastructure and urban development

Vietnam and the EU will enhance cooperation in transport infrastructure and sustainable urban development in the future, a meeting has heard.
Warburg Pincus eyes participation in Vietnam International Finance Centre

Warburg Pincus eyes participation in Vietnam International Finance Centre

Global private equity firm Warburg Pincus is keen on participating in the Vietnam International Finance Centre, according to a conference held on March 23.
Novatek eyes expanded LNG cooperation in Vietnam

Novatek eyes expanded LNG cooperation in Vietnam

As Vietnam races to secure its energy future and meet the demands of its surging economy, a new partnership with a Russian energy giant is taking shape, signalling a deepening of the nations' long-standing ties.
EU to mobilise over $1 billion for major infrastructure projects in Vietnam

EU to mobilise over $1 billion for major infrastructure projects in Vietnam

The European Union has launched a $46.4 million Sustainable Transport Development Fund to support large-scale infrastructure projects in Vietnam, with plans to mobilise additional financing from banks and private partners.
NIC partners with TU Berlin to boost Vietnam innovation ties

NIC partners with TU Berlin to boost Vietnam innovation ties

The National Innovation Centre has partnered with a leading technical university in Berlin to strengthen innovation and startup linkages between Vietnam and Germany.
ACB proposes $20 million non-life insurance subsidiary

ACB proposes $20 million non-life insurance subsidiary

Southern lender ACB has unveiled a formal proposal to establish a non-life insurance subsidiary as part of a strategic pivot to evolve into a comprehensive financial services provider by 2030.
Xem thêm

Mới nhất Đọc nhiều