As heard at the event, the total disbursement of public capital in 2022 (as of the end of January 2023) was over VND 541 trillion (USD 22.8 billion) or nearly 93.5% of the yearly plan.

In 2023, the workload is expected to be heavier when a total capital of over VND 700 trillion is planned to be allocated to localities, according to Deputy Minister of Planning and Investment Tran Duy Dong.

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Deputy Minister of Planning and Investment Tran Duy Dong speaks at the event.

Therefore, the Government has implemented many drastic solutions, with a conference on promoting public investment disbursement held at the beginning of the year, he noted.

It is necessary to continue effectively operating the Government's six working groups to accelerate the disbursement; to well prepare for projects involved; and to tackle obstacles facing ODA projects, he said.

According to the ministry, by the end of February 17, over VND 117.3 trillion of state budget capital – equaling 15.8% of the plan assigned by the Prime Minister – had been yet to be allocated to specific tasks and projects by ministries, central public agencies, and localities.

Source: VNA