Thursday, July 31, 2025 9:11:54 AM - Markets open
VN-INDEX 1,523.16 +15.53/+1.03%
HNX-INDEX 265.94 +4.43/+1.69%
UPCOM-INDEX 106.58 +1.47/+1.40%
Public investment capital disbursement remains slow
VietNamPlus - 9/8/2021 4:53:25 PM
 (0 ratings. You must sign in to rate.)
 Only over 220.7 trillion VN D (9.7 billion USD) worth of public investment capital was disbursed by the end of August, or 40.6 percent of the plan assigned by the Prime Minister.
 
The figure was 5.8 percent lower than the same period last year. Of which, the disbusement of domestic capital reached 44.7 percent while that of foreign capital hit 7.94 percent compared to 21.26 percent recorded in the same period last year, said the Finance Ministry.
 
So far, 10 ministries and 26 localities have recorded disbursement of over 40 percent of the plan.
 
Meanwhile, 33 out of 50 ministries and 18 out of 63 localities disbursed below 30 percent, with 21 ministries and one locality below 10 percent. Four ministries have not yet made disbursement.
 
The Finance Ministry attributed the slow disbursement to COVID-19 outbreaks in many localities and the suspension of projects in areas under social distancing order in line with the Prime Minister’s Directive No.16/CT-TTg.
 
Other causes relate to site clearance, changes in planning in several loclaities, and import of equipment in need of foreign consultants’ approval.
 
Moreover, localities and several foreign sponsors have yet to reach consensus on project implementation process, including in the control of expenditures and disbursement.
 
Asso. Prof Dinh Trong Thinh suggested cutting down unnecessary procedures and improving the role of management agencies in planning, appraisal and bidding.
 
The Finance Ministry also urged centrally-run agencies and localities to seriously follow the Prime Minister’s directions in Dispatch No.1082/CD-TTg dated August 16, 2021 on stepping up disbursement of public investment capital 2021./.
 
VNA
 
Read original article here
 
Newer News
29/07 Some proposes CIT top rate of 35 per cent to be removed to encourage productivity
29/07 Long Thành poised to join Asia’s next generation of mega airports: OAG
28/07 Steel sector turns to domestic market amid export difficulties
23/07 US reviews anti-dumping, countervailing duties on certain Vietnamese products
23/07 PM urges stronger investment in waterway transport to boost logistics
23/07 Việt Nam emerges as potential new star in global AI landscape
17/07 Việt Nam’s credit conditions to remain stable in H2 2025
17/07 Circular economy seen as key to sustainable agriculture
11/07 Car sales increase sharply in June
09/07 UOB raises Việt Nam’s GDP growth forecast to 6.9 per cent for 2025
Older News
06/09 Việt Nam's steel sales increase due to exports
06/09 Canadian businesses believe in Vietnam’s medium-term economic outlook
01/09 Standard Chartered Vietnam increases charter capital, reinforcing its local commitment
30/08 Vietnam posts 3.71 billion USD in trade deficit in eight months
25/08 Vietnam forecast to grow by 4.8 percent in 2021: World Bank
24/08 MoIT sustains anti-dumping duty on Malaysia’s H-shaped steel
23/08 FDI companies raise concerns over supply chain disruptions ​​​​​​​
20/08 Minister: slow public capital disbursement could cause loss of economic opportunities
18/08 Vietnam strives to keep CPI growth low by end of 2021
18/08 Steel prices hit new high after a series of rapid increases
 
Newsletter Signup
Top Stories
From pioneer to leader: Việt Nam's stock market hits 25-year milestone
New tax plan could discourage stock investment: insiders
MoF proposes 20% tax on capital gains from securities and equity transfers
HNX halts new stock listings in exchange restructuring
Market begins July with optimism, strong foreign investment
Market Update
Last updated at 9:09:59 AM
VN-INDEX 1,523.16 +15.53/+1.03%
Real-time chart
Top 5 Actives
Top 5 Gainers
Top 5 Losers
My Favorite Quotes
Company Research
Type in the symbol above for thorough background information, key statistics and financial information.
Stock Sectors
We continuously improve our services, here are the latest updates...
Portfolio
Allow you to monitor a customised group of securities. You can set up multiple Portfolios to help you better manage your investments.
Trigger Alerts
Get up-to-date alerts delivered directly to your email address.
Stock Screener
Allow you to filter the market and find exactly what sort of company you are looking for.
Live Terminal
Get instant access to FREE REAL-TIME streaming quotes for hundreds of stocks from HOSE, HNX and UPCOM exchanges.