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The year 2024 is a pivotal year for Ninh Binh to implement its mid-term public investment capital plan for the 2021-2025 period. Therefore, right since the first months of 2024, local departments, sectors, and localities have focused on disbursing public investment capital with the goal of fulfilling over 95% of the assigned plan.
Vietnam has been accelerating the disbursement of public investment since the beginning of this year after missing its target in 2022.
Following the Prime Minister's direction in Decision No. 548/QD-TTg, dated May 2, 2022, the Ministry of Finance compiled a summary report on May 18 on inspecting and removing difficulties and obstacles while accelerating disbursement of public investment capital 2022.
Prime Minister Pham Minh Chinh signed Decision No.548/QD-TTg on May 2 to establish six working groups to inspect and remove difficulties and obstacles, and accelerate the disbursement of public investment capital in 2022 at ministries and central and local agencies that have not fully allocated the assigned public investment capital plan by April 30; with the disbursement rate as of April 30 being below the national average (18.48%).
Ninh Binh province had disbursed 1.6 trillion VND of public investment capital by July 31, equivalent to 50.1 percent of the yearly plan and higher than the average figure of the whole country. The above result was attributed to the Ninh Binh's right direction in implementing dual tasks.
The disbursement of public investment capital in Ninh Binh province reached 1.42 trillion VND (61.7 million USD) in the first six months of 2021, equivalent to 45.16 percent of the yearly plan and higher than the average figure of the whole country.
The disbursement rate of public investment capital in 2021 is expected to reach between 95-100 percent of the plan assigned by the Prime Minister, according to the Ministry of Planning and Investment.
Disbursement of public investment in April was estimated at VND30.4 trillion (over US$1.3 billion), a sharp increase of 23.9% over the same period last year and equivalent to 6.6% of the yearly target, according to the General Statistics Office (GSO).
Prime Minister Nguyen Xuan Phuc had a working session with authorities from the northern province of Ninh Binh on July 12 to check the implementation of socio-economic development in 2020, including the disbursement of public investment.
Ninh Binh disbursed VND 2.5 trillion( 108 million USD) of public investment capital as by September 15, accounting for 94.8 percent of the Government's assigned yearly target, when the slow progress in the effort was recorded in many localities and ministries and branches nationwide.
According to the General Statistics Office (GSO), the total social investment in the first half of 2017 increased by 10.5% compared to the same period last year, equivalent to 32.8% of the GDP,
