Disbursed public investment up 5.6 percent in seven months

The disbursed public investment stood at 210.8 trillion VND in the first seven months of 2021 (Photo: VNA)

The disbursed public investment declined in July due to the surge in COVID-19 cases, but it still grew 5.6 percent in the first seven months of 2021 as compared to the same period last year.

The General Statistics Office (GSO) reported that the disbursed capital sourced from the State budget was estimated at 38.3 trillion VND (nearly 1.7 billion USD) in July, down 1.7 percent month on month and 12.4 percent year on year.

The figure between January and July reached 210.8 trillion VND, equivalent to 44.3 percent of this year’s target and up 5.6 percent from the same period last year.

The sum comprises 35.2 trillion VND managed by central agencies and another 175.6 trillion VND by localities, respectively rising 12.7 percent and 4.3 percent year on year, statistics show.

The COVID-19 resurgence has affected the implementation of public investment projects in 19 southern provinces and cities which are applying social distancing measures under the Prime Minister’s Directive 16/CT-TTg, as well as some others imposing anti-pandemic measures under Directive 15/CT-TTg, the GSO said.

It cited localities as reporting that many projects have been halted or lagged behind schedule, but investors, management boards, and contractors are making efforts and pledge to accelerate project implementation after the social distancing period is over./.