HCMC – HCMC had disbursed VND15.8 trillion in public investment capital in the year to September, representing only 20% of its 2024 plan, said a representative of the HCMC Statistics Office at a socio-economic performance meeting this afternoon, October 1.
Le Thi Huynh Mai, director of the HCMC Department of Planning and Investment, said that the city’s government earlier issued a document urging the disbursement of public investment capital, local media reported.
The department will work with government ministries to address procedural issues related to major investment projects in the city, aiming to expedite the disbursement of public capital, she added.
Regarding the economic situation, Phan Van Mai, chairman of the HCMC People’s Committee, assessed that the city’s economy has maintained a steady growth rate over the past nine months, but there has not yet been a breakthrough.
The city’s GRDP is projected to grow by 7.3% in the third quarter, following growth rates of 6.54% in the first quarter and 6.31% in the second quarter.
To reach the overall growth target of 7.5%, the city must attain a 9% growth rate in the fourth quarter, Mai said.
For budget revenues and expenditures, Nguyen Hoang Hai, director of the Department of Finance, said that the total state budget revenue for HCMC in the January-September period reached VND371.3 trillion, accounting for 77% of the estimate and increasing by 14% year-on-year.
Local budget expenditures expanded by 22%, while regular spending increased by 14% compared to the previous year. Despite the increase in budget revenue, Hai noted that the ratio is still lower than both the national average.
