HCMC – Vietnam’s public investment disbursements had reached VND274.5 trillion in the year to August, meeting a mere 40.5% of the Government’s full-year target, according to the Ministry of Finance.
Out of 44 ministries and central agencies, 13 exceeded the national average disbursement rate. And 35 of the country’s 63 centrally-run cities and provinces surpassed this average.
The socio-economic recovery and development program has achieved a notable disbursement rate of 79.32%. The Ministry of Public Security and the Ministry of Transport have successfully met their disbursement targets.
However, major cities such as HCMC and Hanoi have been slow in disbursing their public funds, largely impacting the national disbursement rate. HCMC has disbursed only 16.6% of its allocated funds, while Hanoi has used 35.2%.
In response to the lower-than-expected disbursements, the Ministry of Finance has urged all levels and sectors to intensify efforts and decisively accelerate the disbursement of public investment funds to meet the set goal.
In 2024, the total central budget allocated to ministries and agencies is VND677.9 trillion, with VND245.6 trillion designated for central government funds and VND432.3 trillion for local funds.
HCMC and Hanoi were allocated large budgets, with VND79.3 trillion and VND81 trillion, respectively.
