Disbursement rate of public investment capital in four months reaches nearly 18.5%

VCN – By the end of April, the disbursement rate of public Investment capital remains low because many ministries and local governments have not drastically fulfilled this task.
Tỷ lệ giải ngân vốn đầu tư công 4 tháng đạt gần 18,5%
the disbursement rate in the first four months of the year is estimated at 18.48%. Photo: Thùy Linh

17 ministries and sectors have not yet disbursed

According to the latest report of the Ministry of Finance, the disbursement rate in the first four months of the year is estimated at 18.48% of the plan assigned by the Prime Minister.

This figure declined slightly compared to the same period in 2021 (18.65%). In particular, domestic capital reached 19.57% (it reached 20.74% over the same period in 2021), and foreign capital reached 3.25% (it reached 2.02% over the same period in 2021).

According to statistics, by the end of April, there were seven ministries and eight localities with a disbursement rate of over 25%. Some ministries and localities have high disbursement rates, including the Bank for Social Policies (91.12%), Development Bank (59.64%), Central Committee of Vietnam Fatherland Front (48.86%), State Bank of Vietnam (35.76%), Binh Thuan (33.9%) and Phu Tho (33.4%).

However, there are 43 out of 51 ministries and 28 out of 63 localities with disbursement rates below 17%. In particular, 17 ministries and sectors have not disbursed capital plans yet.

The Ministry of Finance explained that the investors of some ministries, sectors and localities have not been drastic in leadership, giving direction and implementation.

Another reason is that new construction projects are bidding to select consulting contractors; are preparing construction designs and total cost estimates so the assigned capital plan has not been disbursed.

Some projects encountered problems in site clearance. Besides that, the increase in the price of construction materials, especially iron, steel, and petroleum, the limited supply of materials for large projects is also the cause of slow capital disbursement.

Particularly for projects using foreign capital, some projects are disbursed in the form of revenue and expenditure, the implementation process must comply with the procedure of sponsors. It must go through many steps and ask for the donor's opinion so it affects the disbursement progress. Some projects are in the process of compiling equipment lists from component projects to prepare for international bidding procedures.

Update progress of many key projects

The Ministry of Finance has also updated the disbursement of key projects across the country, including the project of land acquisition, compensation, support and resettlement at Long Thanh International Airport. According to a report of the State Treasury, up to this point, the project has disbursed VND14,719 billion, reaching 64.41% of the assigned plan.

For the East North-South Expressway Project in the 2017-2020 period, by the end of April, the project has disbursed VND2,963 billion, reaching 17.6% of the assigned 2022 plan.

According to the Ministry of Transport, the site clearance work has been basically completed. Until now, 652.8/652.86km has been compensated (reaching 99.99%). With the component projects, currently, there is one completed project, ten projects are under construction, and the total volume of construction and installation so far is about VND19,434 billion.

As for the East North-South Expressway project in the 2021-2025 period, the project is being prepared by the Ministry of Transport for study the feasibility of component projects for investment approval as prescribed.

The progress of implementation so far is being carried out following the milestones in Resolution No. 18/NQ-CP and the conclusion of Deputy Prime Minister Le Van Thanh in Notice No. 71/TB-VPCP dated March 14/2022.

Currently, the new project has been assigned VND257 billion by the Prime Minister for the medium-term public investment plan in the 2021-2025 period in order to prepare for investment. Regarding the allocation of the second phase for the 2022 plan, the project is allocated VND257 billion to prepare for investment. According to a report of the State Treasury, by April 1, 2022, VND159.176 billion has been disbursed, reaching 23% of the assigned plan.

By Thùy Linh/Thanh Thuy

Related News

Continue to publicly disburse public investment capital, many key projects have low rates

Continue to publicly disburse public investment capital, many key projects have low rates

VCN - The Ministry of Finance continues to publicize the disbursement rate of public investment capital plans of many key projects, notably that many projects and component projects have very low disbursement rates.
Industrial real estate - "Magnet" attracting foreign capital

Industrial real estate - "Magnet" attracting foreign capital

VCN - Looking back at the development journey over the past 30 years, it can be affirmed that the model of industrial parks and economic zones has been playing an important role, as a driving force for growth and the process of industrialization and modernization of the country; a channel to attract investment resources, especially foreign direct investment (FDI), contributing to improving the business environment and enhancing competitiveness, ensuring sustainable development.
Speed ​​up the completion of project investment and bidding procedures

Speed ​​up the completion of project investment and bidding procedures

VCN - According to the Minister of Planning and Investment, the country's overall disbursement rate in the first 6 months of 2024 reached 29.39%, lower than the same period in 2023. Besides, many ministries, central agencies and localities are unable to maintain disbursement results as good as the same period in 2023.
The textile market recovered, businesses accelerated

The textile market recovered, businesses accelerated

VCN - Although the Government, ministries, and local branches have actively participated from the beginning of the year, by the end of May 2024, the disbursement results of public investment funds sourced from abroad by ministries and localities still reached very low rates. This is a significant obstacle to achieving the goal of disbursing 95% of the foreign-sourced public investment funds that the Government set out at the beginning of the year.

Latest News

Monetary policy forecast unlikely to loosen further

Monetary policy forecast unlikely to loosen further

It will be difficult for the State Bank of Vietnam (SBV) to further loosen monetary policy due to a rising USD/VNĐ exchange rate pressure, experts said.
World Bank outlines path for Vietnam to reach high income status

World Bank outlines path for Vietnam to reach high income status

The World Bank (WB) has released a report which explores how Vietnam can upgrade its participation in global value chains to become a high-income country by 2045.
Strictly control public debt and ensure national financial security  2025

Strictly control public debt and ensure national financial security 2025

VCN – In order to achieve goal of strictly managing public debt and maintaining security and safety of the national financial system in 2025, it is necessary to ensure the borrowings and repayments of public debts is within the approved estimate; closely monitor public debt indicators to ensure that they are within the ceiling and warning thresholds approved by the National Assembly.
Revising the title of a draft of 1 Law amending seven finance-related laws

Revising the title of a draft of 1 Law amending seven finance-related laws

VCN - On November 19, 2024, the Standing Committee of the National Assembly (SCNA) discussed amendments and refinements to the draft of a law revising seven existing finance-related laws. Concluding the session, Vice Chairman of the National Assembly Nguyen Duc Hai emphasized the need for the Government to direct the drafting body and relevant agencies to collaborate closely to finalize a persuasive and widely supported report, ensuring the quality of the draft law for the National Assembly's consideration and decision.

More News

Transparency evates the standing of listed companies

Transparency evates the standing of listed companies

VCN - According to the Hanoi Stock Exchange (HNX), the number of companies placed under warning, control, or restricted trading on the listed and registered markets has increased over the past two years compared to 2022.
State-owned securities company trails competitors

State-owned securities company trails competitors

Contrary to the outstanding performances in the banking sector, the securities subsidiaries of major banks have yet to fully leverage their potential, despite numerous inherent advantages.
Strengthening the financial “health” of state-owned enterprises

Strengthening the financial “health” of state-owned enterprises

VCN - The state economy plays a key role in the socio-economic development process, but it is necessary to strengthen the financial health and competitiveness of state-owned enterprises (SOEs).
U.S. Treasury continues to affirm Vietnam does not manipulate currency

U.S. Treasury continues to affirm Vietnam does not manipulate currency

VCN - In its latest report, the U.S. Department of the Treasury has positively assessed Vietnam's monetary policy, reaffirming that Vietnam does not engage in currency manipulation.
Exchange rate fluctuations bring huge profits to many banks

Exchange rate fluctuations bring huge profits to many banks

Net profits from the foreign exchange trading segment of many banks have gained positive results thanks to a strong USD/VNĐ exchange rate fluctuations this year.
A “picture” of bank profits in the first nine months of 2024

A “picture” of bank profits in the first nine months of 2024

VCN - Pre-tax profits for banks during the first nine months of 2024 remained positive, exceeding 200 trillion VND, solidifying the sector's position as a market leader.
Many challenges in restructuring public finance

Many challenges in restructuring public finance

VCN - Restructuring public finance is an important step to improve state financial management, ensure resources are allocated reasonably and effectively, contributing to the country's sustainable development. In addition to the achieved results, the process of accelerating public finance restructuring also faces many pressures.
Tax declaration and payment by e-commerce platforms reduces declaration points and compliance costs

Tax declaration and payment by e-commerce platforms reduces declaration points and compliance costs

VCN - E-commerce platforms that declare and pay taxes on behalf of traders not only help to reduce the number of tax declaration points but also reduce the cost of compliance with administrative procedures for the whole society because only one point as the e-commerce trading platform implements tax deduction, payment and declaration on behalf of tens, hundreds of thousands of individuals and business households on the platform.
Disbursement of public investment must be accelerated: Deputy PM

Disbursement of public investment must be accelerated: Deputy PM

Deputy Prime Minister Ho Duc Phoc has called on ministries, agencies, and localities to accelerate the disbursement of public investment from now until the year-end and further tighten investment management.
Read More

Your care

Latest Most read
Monetary policy forecast unlikely to loosen further

Monetary policy forecast unlikely to loosen further

It will be difficult for the State Bank of Vietnam (SBV) to further loosen monetary policy due to a rising USD/VNĐ exchange rate pressure, experts said.
World Bank outlines path for Vietnam to reach high income status

World Bank outlines path for Vietnam to reach high income status

The World Bank (WB) has released a report which explores how Vietnam can upgrade its participation in global value chains to become a high-income country by 2045.
Strictly control public debt and ensure national financial security  2025

Strictly control public debt and ensure national financial security 2025

VCN - According to the plan for borrowing and repaying public debt and foreign debt of the country in 2025, the total borrowing demand of the Government in the year is expected to be at VND 815,238 billion, an increase of 20.6% compared to the Government'
Revising the title of a draft of 1 Law amending seven finance-related laws

Revising the title of a draft of 1 Law amending seven finance-related laws

On November 19, 2024, the Standing Committee of the National Assembly (SCNA) discussed amendments and refinements to the draft of a law revising seven existing finance-related laws.
Transparency evates the standing of listed companies

Transparency evates the standing of listed companies

According to the Hanoi Stock Exchange (HNX), the number of companies placed under warning, control, or restricted trading on the listed and registered markets has increased over the past two years compared to 2022.
Mobile Version