The total disbursed investment capital reached nearly VND96,900 billion in the first five months of 2019, representing only 23 per cent of the yearly target set by the National Assembly. The information was released at a teleconference discussing public investment disbursement - related issues for 2019, held by the State Treasury of Vietnam in Hanoi on May 31. According to statistics of the State Treasury, as of May 31, the total disbursed investment capital reached nearly VND96,900 billion, equaling that of the same period last year, yet making up only 23 per cent of the target set by the National Assembly for this year. Some localities have achieved high disbursement capital rates. Notably, the northern province of Ninh Binh topped the list of such localities with a ratio of 63 per cent, followed by the provinces of Nghe An, Nam Dinh, and Tuyen Quang which all reached a ratio of 58 per cent. The disbursement rate of Phu Tho and Lao Cai provinces was recorded at 50 per cent. … [Read more...] about Five-month public capital disbursement remains sluggish
Capital disbursement
Deputy PM requests stepping up public capital disbursement
Illustrative image (Photo: VNA) Hanoi (VNA) – Deputy Prime Minister Vuong Dinh Hue has asked ministries, agencies and localities to accelerate public investment disbursement in line with the Government’s Resolution No.70/NQ-CP and the PM’s Directive No.09/CT-TTg. Chairing a recent meeting in Hanoi to review the four-month public capital disbursement, the Deputy PM requested stepping up preparations for projects, including choosing contractors in line with the law, ensuring progress as scheduled, among others. Investors must closely monitor disbursement to promptly ask for the addition of capital, thus hastening projects’ progress. Ministries and localities were urged to enhance inspection and deal with violations in line with the law. According to the Ministry of Planning and Investment, the Prime Minister has issued decisions allocating State budget capital this year to ministries, agencies and localities with a total value of over 367.3 … [Read more...] about Deputy PM requests stepping up public capital disbursement
Transport ministry makes low capital disbursements
Transport ministry makes low capital disbursementsBy Le Anh The ODA-funded Ben Luc-Long Thanh Expressway in southern Vietnam has fallen behind on its capital disbursement schedule – PHOTO: LE ANH HCMC – The Ministry of Transport disbursed some VND13.7 trillion (US$588 million) for transport projects, equivalent to 52.2% of the full-year target, as of late last month, according to a report by the Planning and Investment Department under the ministry. The report said a total of more than VND26.3 trillion (US$1.12 billion) in investment capital has been allocated to the ministry this year. The amount includes some VND14.1 trillion in foreign capital, VND5.8 trillion in domestic capital and VND2.6 trillion in government bonds. The undisbursed capital was mainly tied to projects using official development assistance loans (ODA) and government bonds. The ministry ascribed the lower-than-expected capital disbursement to low demolition and site clearance works; heavy and … [Read more...] about Transport ministry makes low capital disbursements
FDI capital declines in first four months
(VEN) - Vietnam attracted foreign direct investment (FDI) of US$8.06 billion in the first four months of 2018, 76.1 percent of the total accrued in the same period in 2017. According to the Foreign Investment Agency under the Ministry of Planning and Investment, despite the drop in registered FDI capital, disbursement continued a positive trend in the first four months of 2018. Ho Chi Minh City is the top recipient of registered FDI capital Foreign investors directed their capital to 17 sectors during the first four months. The manufacturing and processing sector attracted the most FDI, with US$4.52 billion, accounting for 56.1 percent of the total. The real estate sector was second, with investment capital of US$807.5 million, accounting for 10 percent of the total; and the wholesale and retail sectors, with registered capital of US$779 million, accounted for 9.7 percent of the total. Some 82 countries and territories invested in projects in Vietnam in the first … [Read more...] about FDI capital declines in first four months
Deputy PM: Public capital disbursement must be publicised
Deputy Prime Minister Vuong Dinh Hue speaks at the meeting (Photo: VNA) Hanoi (VNA) – Deputy Prime Minister Vuong Dinh Hue has requested the Ministry of Planning and Investment and Ministry of Finance to monthly publicise the disbursement of capital for public investment projects by ministries, sectors and localities. Deputy PM Hue made the request at a working session with the Ministries of Transport, Agriculture and Rural Development, and Natural Resources and Environment in Hanoi on May 16 to review the implementation of the middle-term public investment plan for 2016-2020. He said the investment capital allocated for the three ministries totalled at 303 trillion VND (13.34 billion USD) in 2016-2020, accounting for over 25 percent of the total medium-term investment capital of the central budget, which is estimated at 1.2 quadrillion VND (52.86 billion USD). In 2018 alone, the Ministry of Transport was allocated over 21 trillion VND (925.1 million USD), the Ministry of … [Read more...] about Deputy PM: Public capital disbursement must be publicised