High disbursement rates of 85-95% were recorded among the State Bank of Vietnam, Ministry of Transport, and Ministry of Defense.

An employee counts Vietnamese banknotes at a bank in Hanoi.

Localities that posted a 90% or higher rate included Long An, Dong Thap and Ca Mau in southern Vietnam and Quang Ngai in the central region.

Minister of Planning and Investment Tran Quoc Phuong said that public fund disbursement was one of the economic bright spots last year, which helped put nearly 700 kilometers of expressways into operation in efforts to have 3,000 kilometers nationwide by 2025.

But some government bodies and state-owned firms posted a low disbursement rate of under 20% such as the Ethnic Committee, Tobacco Corp and Hoa Lac Hi-Tech Park Management Board.

Ho Chi Minh City disbursed 39% of plan, while the rate of the central province of Phu Yen is 29.4% and the northern province of Hoa Binh 26%.

"Some units were slow in making changes to the fund distribution for projects," Phuong said.

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BAC GIANG - Chairman of the People's Committee of Bac Giang province Le Anh Duong on August 29 led a delegation to inspect the implementation of a number of projects invested by the provincial Management Board of Civil and Industrial Engineering Construction Investment Projects.

Bac Giang accelerates disbursement of public investment capital in last months

BAC GIANG – The Chairman of the Bac Giang provincial People's Committee (PPC) has issued Correspondence 4881/UBND-TH on accelerating the disbursement of the public investment capital plan and the national target program in the last months of 2023.

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Bac Giang focuses on disbursing public investment capital, selling lychee

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Source: VnExpress