Public investment disbursement accelerates in July

Updated: 08:46, 05/08/2020

The amount of public investment disbursed in July reached a record high, raising the total disbursement figure for the first seven months of 2020 to VND194.2 trillion (US$8.4 billion).

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It was equivalent to 41.26% of the target set for the whole year, compared with just 32.27% reported during the same period of 2019, said Minister-Chairman of the Government of Office Mai Tien Dung.

Total public investment disbursement in the first seven months of 2020 was estimated at VND194.2 trillion.

He said foreign direct investment also witnessed positive developments, with pledges in the January-July period up 14.4% and disbursement estimated at US$10.1 billion.

Dung told reporters at a media briefing on August 3 that Vietnam continued to maintain macroeconomic stability with inflation in the first seven months averaging 4.07%, with core inflation at 2.74%.

He said ministers will take bold actions and strive to address bottlenecks to public investment in the remaining months of the year so that the disbursement rate for 2020 can reach 100%.

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Source: NDO