Public investment disbursement reaches $14 bln in 10M

Public investment disbursement was estimated at over VND355 trillion ($14 billion) in the first 10 months of 2024, fulfilling 52.2% of the annual target, according to the Ministry of Finance.

The figure was 4 percentage points lower than the same period last year.

In order to complete this year's target of disbursing 95% of allocated public investment capital, the Ministry of Planning and Investment is working with other ministries, sectors and localities to take drastic measures to accelerate the disbursement, Deputy Minister Tran Quoc Phuong told the Government’s regular press conference on November 9.

Priority is given to quickly address difficulties and obstacles, especially in land clearance and the supply of building materials, strengthen discipline, speed up administrative procedure reform, and expand the application of information technology, he said.