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Foreign investment disbursement reaches 23.2 percent

Disbursement of foreign capital for infrastructure construction only reached 23.2 percent of the plan as of October 15, 2019, reported the Finance Ministry on October 23.

In compliance with the Prime Minister’s directions at the nationwide teleconference on accelerating public investment allocation and disbursement in 2019 on September 26, the ministry said 13 centrally-run ministries and agencies disbursed an amount equivalent to 29.79 percent of the target assigned by the PM while the figure was 18.66 percent in localities.

Foreign investment disbursement, foreign capital,  infrastructure construction, public investment allocation

Illustrative image.

At the central level, only the Defence Ministry and the Vietnam Bank for Social Policies fulfilled all the assigned targets.

The Ministry of Public Security’s disbursement hit 98.13 percent of the plan. Meanwhile, that of the Health Ministry, the Hoa Lac Hi-Tech Park and the Vietnam Academy of Science and Technology was 13.99 percent, 9.23 percent and 2.28 percent, respectively.

Binh Duong led localities nationwide in disbursement, with 75.82 percent, followed by Tay Ninh 59.37 percent, Hai Phong 58.65 percent, Hanoi 51.88 percent, Ninh Binh 43.18 percent and Ho Chi Minh City 41.75 percent.

In particular, 10 localities have not yet disbursed or recorded low disbursement, including Bac Kan, Dien Bien, Hai Duong, Thanh Hoa, Dong Nai, Ba Ria – Vung Tau, Vinh Long, Lam Dong, Hau Giang and Binh Phuoc.

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(BGO) – Four foreign direct investment (FDI) businesses in the northern province of Bac Giang have earned high production values of over 4.5 trillion VND (193 million USD) for the first six months, much increasing comparing to the same period last year.
 

Source: VNA

Foreign investment disbursement, foreign capital, infrastructure construction, public investment allocation
 
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