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Thursday, July 25, 2024

Public investment disbursement reaches 28% in H1

By Nguyen Tan

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HCMC – The disbursement rate of public investment by the end of June 2024 has reached 28% of the full-year plan, with some ministries and central agencies showing very low or even 0% disbursement rates.

According to a report by the Ministry of Finance, as of June 30, 12 out of 44 ministries and central agencies, along with 37 out of the country’s 63 centrally-run cities and provinces, have exceeded the national average disbursement rate.

However, certain ministries and central agencies, including the Government Office, the Academy of Science and Technology, Vietnam National University – HCMC, and Vietnam National University – Hanoi, have very low disbursement rates. The Vietnam Cooperative Alliance and the Vietnam Fatherland Front Committee have a disbursement rate of 0% due to the lack of capital allocation.

Some localities with disbursement rates below 15% include Hai Duong, Bac Ninh, HCMC, and Hung Yen.

By May 31, 2024, the total disbursed capital for nine key national transportation projects was VND21,920 billion, achieving a rate of 23.1% of the 2024 plan.

In a report sent to the prime minister, the Ministry of Finance cited issues such as procedures, site clearance, and construction materials as primary reasons for the delay in public investment disbursement.

The report also noted that a substantial amount of capital recently allocated by the prime minister to supplement the public disbursement capital for the year could hardly be disbursed on schedule, affecting the disbursement rates in the January-June period.

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