Disbursement of State-funded public investment in April at record since 2017
The disbursement of public investment sourced from the State budget in April at record since 2017 (Photo: VNA)
The disbursement of public investment sourced from the State budget in April was estimated at 30.4 trillion VND (1.32 billion USD), a year-on-year surge of 23.9 percent, and reaching the highest monthly level since 2017, according to the General Statistics Office.During January-April, 98.7 trillion VND worth of investment from the State budget was disbursed, accounting for 21.5 percent of the annual plan, and rising 16.3 percent from the same time in 2020.
Of the total figure, 15.1 trillion VND was disbursed by central agencies, or 19.6 percent of the yearly plan, and up 25.5 percent year-on-year. The remainder was disbursed by localities, making up 21.9 percent of the plan, and rising 14.8 percent.
Meanwhile, the amount of public investment capital disbursed in the four-month period reached more than 86 trillion VND, or 18.65 percent of the plan assigned by the Prime Minister. The rate of disbursement of domestic capital was 20.74 percent and foreign capital – 2.02 percent, much lower than the same period last year.
Localities and sector with high disbursement rate were Thai Binh province (76.74 percent), Ha Nam province (50.57 percent), the State Audit (46.89 percent), Hung Yen province (43.21 percent), Thanh Hoa province (42.39 percent), and Quang Ninh province (39.62 percent).
Earlier this year, Minister of Planning and Investment Nguyen Chi Dung said public investment would focus on key national projects with important roles in enhancing regional links and creating new drivers and room for economic growth.
Last year saw the highest public investment disbursement rate in 2016-2020 as the Government identified public investment as a major driver for growth in the context of the COVID-19 pandemic./.
Related News
Ensure policies to attract investment when implementing global minimum tax
10:33 | 02/04/2023 Finance
Solutions to attract FDI when implementing the global minimum CIT
11:38 | 01/04/2023 Finance
In Q1, State revenue estimated to rise by 1.3%
13:28 | 04/04/2023 Finance
Vietnam"s foreign investment plunges 39% in Q1
15:37 | 29/03/2023 Import-Export
Latest News
Corporate bonds worth 1.1 billion USD issued in March
13:55 | 06/04/2023 Finance
Tax revenue is estimated at VND 426,922 billion in the first quarter
09:56 | 06/04/2023 Finance
Nearly 400 complaints about insurance distribution through banks on Ministry of Finance hotline
14:47 | 04/04/2023 Finance
Central bank starts huge credit package for social housing projects
14:42 | 04/04/2023 Finance
More News
Consider raising the level of penalties to ensure fairness and transparency in the stock market
13:27 | 04/04/2023 Finance
Central bank cuts policy interest rates to spur growth
17:43 | 02/04/2023 Finance
SBV asks to issue revised decree on foreign ownership cap at Vietnamese banks
20:30 | 01/04/2023 Finance
Effective implementation of tax incentives as driving force for growth in trade turnover between Vietnam and Cuba
13:43 | 31/03/2023 Finance
Being many "hot" issues at the general meeting of shareholders of banks
09:24 | 30/03/2023 Finance
Bringing the policies on reducing land rent and water surface rent into life
15:41 | 29/03/2023 Finance
The more delayed the investment disbursement is, the more accumulated the capital expenditure will be
10:22 | 29/03/2023 Finance
Ministry of Finance summarizes the 10-year implementation of the Resolution of the 8th meeting of the 11th Central Committee
10:20 | 29/03/2023 Finance
Deputy PM urges hastened procedures for cancelled IDA loans
14:25 | 28/03/2023 Finance
Your care
The system has not recorded your reading habits.
Please Login/Register so that the system can provide articles according to your reading needs.
Corporate bonds worth 1.1 billion USD issued in March
13:55 | 06/04/2023 Finance
Tax revenue is estimated at VND 426,922 billion in the first quarter
09:56 | 06/04/2023 Finance
Nearly 400 complaints about insurance distribution through banks on Ministry of Finance hotline
14:47 | 04/04/2023 Finance
Central bank starts huge credit package for social housing projects
14:42 | 04/04/2023 Finance
In Q1, State revenue estimated to rise by 1.3%
13:28 | 04/04/2023 Finance