Disbursement of public investment must be sped up in H2
National Road No 57 being upgraded. The Government asked for the disbursement of public investment to be sped up in the second half of this year to drive economic growth in the pandemic. |
The disbursement of public investment must be sped up in the second half of this year as an important solution to accelerate economic growth amid the COVID-19 pandemic, according to the Ministry of Planning and Investment.
This was stressed in the Government’s Resolution No 63/NQ-CP issued in late June about major tasks to accelerate economic growth, speed up public investment and promote sustainable exports in the closing months of 2021 and early months of 2022.
The ministry said that the disbursement rate of public investment was expected to be at least 60 per cent of the plan by the end of the third quarter and 95-100 per cent for the full year.
The latest updates of the General Statistics Office (GSO) showed that more than VND295 trillion worth of investment from the State sector was realised in the first half of this year, accounting for 25.3 per cent of the plan and up by 7.3 per cent against the same period last year.
The total realised investment in the economy, including the public investment, non-State sector and foreign direct investment (FDI) was estimated at VND1.169 quadrillion, up by 7.2 per cent against the same period last year.
GSO’s Director Nguyen Thi Huong said that the increases in realised investment demonstrated the effectiveness of solutions to speed up disbursement of public investment, the Government’s policies to support enterprises as well as measures to receive the FDI inflow in the context that the COVID-19 pandemic was triggering a global production shift.
Meanwhile, statistics from the Ministry of Planning and Investment showed that disbursed public investment totalled more than VND133.89 trillion in the first half of this year, making up for 29.02 per cent of the plan, compared to the…