As of the end of July this year, the disbursed investment capital reached an estimated VND 232,000 billion. While some ministries, sectors, and localities have performed well in capital disbursement, there are still seven provinces with investment capital disbursement rates below 20%.
Specifically, the localities with low investment capital disbursement rates include Binh Phuoc (8%), Nam Dinh (10%), Ca Mau (12%), Ha Tinh (12%), Phu Yen and Hoa Binh (15%), and Thai Binh (18%).
According to the Ministry of Finance, the National Target Programs have disbursed VND 10,312 billion, equivalent to 39% of the planned capital. It is estimated that the cumulative disbursement by the end of August will reach VND 13,812 billion, equivalent to 52% of the planned capital…
Determined to bring quick and timely capital to tasks and projects, especially to benefit people in remote, mountainous, and ethnic minority areas, the Ministry of Finance has been urging localities to accelerate the disbursement of the National Target Programs.
Many localities have investment capital disbursement rates below 20%. Illustration: BTC.
The Ministry of Finance has also promptly issued documents to provide guidance and address difficulties faced by localities within its authority.
This year, the total planned investment capital assigned by the Prime Minister to ministries, central agencies, and localities is VND 677,944 billion. In the allocation process, ministries, central agencies, and localities prioritize capital allocation for important national projects, expressways, inter-regional roads, and coastal roads.
However, 12 localities have not fully allocated their capital plans (including Phu Tho, Bac Giang, Lai Chau, Thai Binh, Quang Nam, Binh Thuan, Dak Lak, Dak Nong, Gia Lai, Lam Dong, Binh Phuoc, and Soc Trang). The reason for the underallocation is that some projects are in the process of formulation and approval and thus do not meet the conditions for capital allocation.
What are the 7 Provinces at the Bottom of the Public Investment Disbursement Ranking?
Despite being halfway through the year, seven localities in the country have disbursed less than 20% of their public investment capital. The provinces with the lowest disbursement rates nationwide are Binh Phuoc, Thai Binh, Ha Tinh, and Ca Mau, among others.
Unlocking Investment Potential: Deputy Prime Minister Demands Clear Timeline for Public Investment Capital Disbursement
Deputy Prime Minister Tran Hong Ha has instructed ministries, sectors, and localities to report on the review and classification of public investment projects. This includes ongoing projects with clear progress commitments and projects that cannot be implemented due to mechanism, policy, and legal obstacles.
Appointment of the New Director General of Customs
On the afternoon of August 23rd, Deputy Minister of Finance Nguyen Duc Chi appointed a new Director General of Customs and two Deputy Directors General of the General Department of Vietnam Customs.
The Art of Taxation: A Conversation with Prime Minister Pham Minh Chinh on Special Consumption Tax Reform
The Prime Minister emphasized that the proposed Law on Special Consumption Tax (amended) is a law that impacts a multitude of industries, businesses, and citizens.
