Of the figure, which was 6 percent higher than the same time last year, VND 5.6 trillion (USD 247.8 million) came from the central budget, up 0.5 percent year-on year, and the remaining was managed by localities.


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In February, total investment from the State budget was calculated at VND 12.58 trillion (USD 553.52 million).

The Ministry of Planning and Investment (MPI) said most of the capital has been spent on construction works that began in 2017 and brand new projects.

According to the MPI, the total investment capital from the State budget, excluding Government bonds, planned for 2017 was VND 307.15 trillion (USD 13.5 billion).

By the end of June 2017, more than VND 303.07 trillion (USD 13.3 billion) or 98.7 percent of the sum was allocated. The remaining VND 4.074 trillion was capital intended for the national target program on climate change response and green growth, two new projects of the Ministry of Agriculture and Rural Development and the Northern mountainous province of Ha Giang, and capital allocated by ministries, agencies and local administrations in violation of rules.

Source: VNA