public investment

Update news public investment

Ten-month public investment disbursement fulfills 52.1% of plan

As of October 31, the disbursement of public investment was estimated at over 401.86 trillion VND (16.37 billion USD), completing 52.1% of the set plan and 56.84% of the target assigned by the Prime Minister, the Ministry of Finance reported.

Fiscal expansion needed to stimulate growth

As economic growth is slowing down, the production sector is facing difficulties and people have had to tighten their purse strings. Fiscal expansion needs to be considered.

Delays still apparent despite progress

While the public investment spending rate in the first half of the year was much better than the same period last year, some transport infrastructure projects were still implemented too slowly compared to the set plan.

Public investment deemed key driver for economic growth and inflation control

Rebounds in retail and consumption services and in the disbursement of public investment are expected to put pressure on the country’s efforts to bring inflation under control this year.

Ministries, localities with low public capital disbursement to be publicized

The Ministry of Planning and Investment has been assigned to publicize the names of ministries, central bodies, and localities that have a disbursement rate of public capital below the country’s average rate on the national public service portal.

Construction businesses to benefit from public investment projects

A series of construction enterprises will benefit from the Government implementing multiple strategic public investment infrastructure projects.

Disbursement of public investments stuck, VND1 quadrillion deposited at banks

Minister of Finance Ho Duc Phoc said since capital for public investments cannot be disbursed, the Ministry of Finance has had to leave VND1 quadrillion worth of capital at banks with the interest rate of 0.8 percent per annum.

Extra VND19,500 billion for public investment in HCMC approved

The HCMC People’s Council has endorsed the city People’s Committee’s proposal to add VND19,555 billion to the city’s 2021-2025 mid-term investment plan, funded by the local budget.

Planning-Investment Ministry assigned to amplify disbursement of public funds

To speed up disbursement, Prime Minister Pham Minh Chinh last week issued Directive No.08/CT-TTg on accelerating allocation and disbursement of such capital to reach 95 per cent of the total yearly plan.

Budget collections increase, except from land and housing

The incomes from land and houses in the first two months of the year were only 47 percent of the figure of the same period last year.

Contractors file claim because of late reciprocal capital arrangement on highway project

The execution of the Ben Luc - Long Thanh highway has been interrupted for a long time due to problems in reciprocal capital arrangement. Foreign contractors have filed a claim for damages.

The 2023 tipping point for public investment

It is anticipated that public investment will be further encouraged during 2023, signalling a significant advance for both the real estate sector and overall economic growth.

PM urges to accelerate disbursement rate of public investment

Vietnamese Prime Minister required both to ensure a high disbursement rate of public investment capital and the right quality and efficiency of projects.

Major realtors developing multiple mega projects, causing concern

While the real estate market is gloomy and realtors need capital, some enterprises are developing projects with investment capital of trillions of VND.

Projects under recovery program need revision, leading to slowdown in construction

Minister of Planning and Investment Nguyen Chi Dung has said that projects under the economic recovery program have been going slowly because many projects have to be revised.

Over 28.8 trillion VND for socio-economic development yet to be allocated

Over 28.8 trillion VND (1.25 billion USD) from the socio-economic recovery and development programme has yet to be allocated, Minister of Planning and Investment Nguyen Chi Dung told the National Assembly Standing Committee’s meeting on February 13.

Transport Ministry asked to disburse huge public investment capital in 2023

The Ministry of Transport's Department of Planning and Investment Director Bui Quang Thai said the plan on disbursing VND94.14 trillion for projects with completed procedures has been determined.

Transport Ministry told to disburse VND94 trillion in 2023

The Government has tasked the Ministry of Transport with disbursing nearly VND94.2 trillion of public investment in 2023, up 1.7-fold against the 2022 figure and 2.2-fold versus 2021.

Over VND638 trillion of public investment for 2023 allocated

More than VND638 trillion in public investment capital for this year has been allocated, reaching over 90% of the target set by the Prime Minister, according to a Ministry of Finance report.

Weathering the storm in 2022, enterprises prepare for 2023

Many companies in HCM City have reported high growth rates, which can be seen in the high Tet bonuses being offered to their workers. They now need support in capital and market information.