Reporting to the regular government meeting on September 6, Minister of Planning and Investment Nguyen Chi Dung emphasized that the domestic economy recovered in the first eight months of the year, maintaining macro-economic stability and major balances. The economic recovery and development program has disbursed more than VND55 trillion ($2.34 billion) since the beginning of the year.
The disbursement of public investment capital in Ho Chi Minh City has been very slow. As of August 12, just 29 per cent of the annual plan had been disbursed. Chairman of the city’s People’s Committee Phan Van Mai listed seven solutions in regard to using State budget capital and accessing socialization in the field of infrastructure construction.
As of the end of the first quarter, the Ministry of Transport (MoT) had disbursed about VND7.5 trillion ($328.3 million), or 14.7 per cent of the plan assigned by the Prime Minister. Disbursement is expected at about VND11.1 trillion ($486 million) in the second quarter, or nearly 50 per cent higher than in the first quarter.
