Disbursed public investment reaches 37% in eight months

As of August 31, the disbursement of public investment this year is estimated at VND274.5 trillion (over $11.1 billion), accounting for 37.01% of the yearly plan and 40.49% of the Prime Minister's assigned plan.

This figure is VND25 trillion ($1.14 billion) lower compared to the same period in 2023, where it reached 39.55% of the yearly plan and 42.35% of the Prime Minister's assigned plan, according to the Ministry of Finance.

Assessing the nationwide disbursement progress in the first eight months of 2024, the Ministry of Finance reported that 13 out of 44 ministries and Central agencies, and 35 out of 63 localities, have an estimated disbursement rate above the national average.

The socio-economic recovery and development program has a high disbursement rate, reaching 79.32% of the plan. Notably, the capital managed by ministries and Central agencies has a disbursement rate of 99.77% in the first 8 months of 2024, with the Ministry of Public Security and the Ministry of Transport achieving a disbursement rate of 100%.

However, 31 out of 44 ministries and Central agencies, and 28 out of 63 localities, have disbursement rates lower than the national average.

As of the end of August 2024, some ministries and Central agencies still have a  0% disbursement rate.

The Ministry of Finance also noted that some localities with large plans but low disbursement rates have significantly impacted the overall disbursement rate of the country. For example, Ho Chi Minh City was assigned VND79.26 trillion ($3.2 billion), accounting for 11.8% of the Prime Minister's assigned plan nationwide, but has only disbursed 16.58%; Hanoi was assigned VND81 trillion (nearly $3.3 billion), accounting for 12.1% of the Prime Minister's assigned plan, but has only disbursed 35.23%.