ANN/VIETNAM NEWS – Vietnam’s Ministry of Transport aims to disburse VND75.824 trillion (USD3.03 billion), or 98.5 per cent of its allocated public investment, this year, according to the Department of Planning and Investment.
As of the end of July, the ministry had achieved a 49.2-per-cent disbursement rate, totalling approximately VND30.8 trillion.
As the sum of capital to be disbursed in the remaining months of this year remains large, at more than VND45 trillion, the pressure to fulfil the public investment disbursement goal is significant.
Disbursement is being hampered too with numerous projects still in the process of completing investment procedures or facing with bottlenecks in site clearances, along with forecasts of unfavourable weather conditions on the way, the department said. The department urged greater determination from developers and contractors to speed up the disbursement process and added they will be keeping close watch on progress.
In 2025, the ministry plans to disburse around VND77.642 trillion worth of public investment, an increase of VND5.175 trillion compared with the previous plan.
The total public investment planned to be allocated to the Ministry of Transport is VND396.435 trillion in 2021-2025 period.
