6-11-2023 (HANOI) Vietnam’s disbursement of public investment in the first 10 months of 2023 has reached an estimated 401.86 trillion Vietnamese dong (approximately 16.37 billion U.S. dollars), achieving 52.1 percent of the established plan and 56.84 percent of the target set by the Prime Minister, according to Vietnam News Agency. The Ministry of Finance provided this information.
A significant portion of the disbursed funds, approximately 72.47 trillion dong, has been allocated to the socio-economic recovery and development program. This accounts for 58.75 percent of the Prime Minister’s target, as confirmed by the ministry.
When comparing the disbursement rate with the same period in the previous year, the current year’s public investment disbursement has shown a slight improvement. According to VnExpress, during the first 10 months of 2022, the disbursement achieved 46.44 percent of the plan and 51.34 percent of the target set by the Prime Minister.
During the ongoing National Assembly meeting in Hanoi this month, lawmakers expressed their concerns regarding inadequate planning and preparation, which have led to bottlenecks that hinder the disbursement of public funds, as reported by Vietnam News on Monday.
In response to these concerns, the legislators have called for a greater emphasis on enhancing the efficiency of public projects. Their key priorities include establishing a cohesive strategy for the development of essential infrastructure, such as highways and coastal and interregional roads, with the aim of enhancing regional connectivity, particularly in Vietnam’s central and southwest regions.
The Vietnamese government has expressed its aspiration for localities to achieve a disbursement rate of 95 to 100 percent of the allocated public investment for the entire year.
