HCMC – Vietnam’s public investment disbursement had reached 32.22% of the year’s plan by the end of July, 3% lower than in the same period last year, according to the Ministry of Finance.
Out of 44 ministries and central agencies, 11 exceeded the national average disbursement rate, and 38 out of the nation’s 63 centrally-run cities and provinces also surpassed the average.
Notably, Vietnam Television disbursed 100% of its allocated funds. The Ministry of Agriculture and Rural Development reported a disbursement rate of 53.95%, the Ministry of Transport 50.83%, and the Ministry of Construction 47.91%.
In terms of provinces, Thanh Hoa achieved a 58.45% disbursement rate, Hoa Binh 56.79%, and Long An 52.22%.
In contrast, 33 ministries and central agencies, along with 25 localities, were below the national average. The Committee for Ethnic Minority Affairs, Vietnam National University-HCMC, and Vietnam National University-Hanoi City reported particularly low disbursement rates.
Additionally, the Vietnam Cooperative Alliance and the Vietnam Fatherland Front had a 0% disbursement rate due to unallocated capital plans.
Major centrally-run cities like HCMC and Hanoi, which received substantial budget allocations, also reported lower-than-expected disbursement rates. HCMC was allocated over VND79.2 trillion, accounting for 11.8% of the prime minister’s plan, while Hanoi received VND81 trillion, or 12.1%. Their underperformance significantly impacted the national average.
The Ministry of Finance attributed the slow disbursement progress to policy-related issues, including delays in project allocations, land clearance, and material supply for major transportation projects.
