9M public investment disbursement reaches $12.9 bln

The disbursement of public investment capital in the first nine months of this year was estimated to reach over VND320.5 trillion ($12.9 billion), equal to 42.96% of the yearly plan, according to the Ministry of Finance (MoF).

The figure accounted for 47.29% of the target set by the Prime Minister.

The MoF reported that 15 ministries and government agencies and 37 centrally-run localities registered disbursement rates higher than the national average.

The disbursement of capital for the socio-economic recovery and development program gained a high rate of 80.16%.

However, some localities, ministries and central agencies reported low disbursement rate, affecting the target of the whole country, the MoF said.

In order to fulfill the target of disbursing at least 95% of the yearly plan, the MoF asked ministries, agencies and localities to resolutely carry out tasks and solutions to accelerate the disbursement of public investment.