Disbursed social investment capital up 8.9 percent in Q1

In particular, the disbursement of foreign direct investment (FDI) reached the highest level for Quarter 1 in the 2018-2021 period, importantly contributing to the country's economic growth in 2022.

In January - March, disbursement of investment capital of the State, non-State, and FDI sectors increased by 9.3 percent, 9.1 percent and 7.9 percent respectively.

The disbursement of capital from the central budget reached 12.2 trillion VND, equal to 12 percent of the year's plan and up 17.8 percent year-on-year. Meanwhile, 64.1 trillion VND from local budgets was disbursed, 9.3 percent higher than that of the same period last year.

According to the Ministry of Planning and Investment (MoPI), ministries, agencies and localities have actively implemented tasks and solutions set out in Resolution No. 11/NQ-CP. However, the progress has remained slow, especially the issuance of guiding documents for the programme on economic recovery and development, affecting the pace of work.

The Prime Minister named a list of documents that ministries and agencies must complete and submit to the relevant authorities by April 10 at the latest.

(Source: VNA)