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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).
Almost VND40.9 trillion (US$1.77 billion) of public investment was disbursed in the first two months of 2021, equivalent to 9% of the year's plan - the highest level compared to the same period of the last five years.
Ten out of 12 ministries and agencies have committed to completing the disbursement of foreign loans this year after adjusting down their capital plans, the Ministry of Finance has reported.
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.
Vietnam's public investment disbursement in the first half of 2020 was estimated at VND156 trillion (US$6.7 billion), according to the Ministry of Planning and Investment (MPI).
The National Assembly Standing Committee resumed its 45th session on June 1, and adopted a resolution stipulating principles, criteria and quota for the allocation of public investment using State budget in the 2021-2025 period.
The northern province of Ninh Binh disbursed 1.13 trillion VND (some 47.9 million USD) of public investment in the first two months of 2020, fulfilling 50 percent of the set target.
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,
With 89.88 percent of votes, the National Assembly on November 10 approved a resolution on a medium-term public investment plan for the 2016-2020 period, which stipulates a maximum of two quadrillion VND (equivalent to 89.56 billion USD) of five-year spending.
