Vietnam misses public investment disbursement target

January 05, 2024

HCMC – Vietnam missed its public investment capital disbursement target for 2023 despite the Government’s efforts to accelerate disbursements. Total disbursements last year reached nearly VND579.85 trillion, representing only 73.5% of the goal set by the National Assembly, leaving VND11.75 trillion undisbursed. Some entities and localities, such as the State Bank of Vietnam, the Ministry of Transport, and the Ministry of Defense, as well as Long An, Quang Ngai, Dong Thap, and Ca Mau, reported disbursement rates of between 85% and 95%. Regulations on land clearance created administrative hurdles, affecting the pace of disbursement. Although some mechanisms have been revised, ongoing reviews of various issues continue to impact the timely disbursement of funds.

The source of this news is from The Saigon Times