Vietnam’s public investment disbursement up 10.4% in first two months

Update: 19:17 | 02/03/2022

Vietnam’s total public investment disbursement over the first two months of 2022 was estimated at 46.3 trillion (2 billion USD), up 10.4% over the same period last year, according to the General Statistics Office (GSO).

The figure is equivalent to 8.8% of the full-year’s target, of which disbursement of the central budget reached 6.4 trillion VND, up 10.1%, while disbursement of local budgets accounted for 39.9 trillion VND, up 10.4%.

Vietnam, public investment disbursement, first two months, full-year’s target, disbursement of local budgets,  investment plans

Hanoi disburses 5,509 billion VND in the first two months of 2022.

In February alone, the disbursement of public capital rose 9.9% from a year earlier to 20.5 trillion VND (897.7 million USD).

The GSO said most of the disbursements in February were carried over from previous projects since it was the month of the Lunar New Year break, and new projects whose capital was allocated in 2022 are still in the stages of completing procedures and documents.

Among the ministries, the Ministry of Transport reported the largest disbursement amount at 2,972 billion VND, up 22.7% over the same period last year, but the figure is equivalent to only 7.2% of the target.

The capital Hanoi managed to disburse 5,509 billion VND, up 4.7% and equivalent to 10.8% of the full-year’s target.

In order to accelerate the rate of public investment disbursement, the Ministry of Planning and Investment has asked ministries and localities, to step up the implementation of their investment plans.

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Source: NDO

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