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Disbursement of public funds sped up to fuel growth

Thursday, 20:21, 25/02/2021
Public investment disbursement has been accelerated since the opening days of the year as it continues to be seen as an important driving force of economic growth this year, the Dau tu (Vietnam Investment Review) newspaper reported.
In a report to the Government in early February, Minister of Planning and Investment Nguyen Chi Dung said that an estimated VND452.41 trillion (US$19.6 billion) in investment capital was disbursed last year from the State budget, equivalent to 96.13% of the target set by the Prime Minister. 2019 disbursement, meanwhile, was equal to just 73.7% and 76.75% of the figures targeted by the National Assembly and the Prime Minister. ....

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Hanoi disburses 88.1 percent of public investment by 2020's end | Business

Tuesday, December 08, 2020 15:31
The intersection between Belt Road No.3 and Hanoi - Hai Phong Expressway is open to traffic last weekend. Its construction was funded by
Hanoi s budget. (Photo: nhandan.com.vn)
Hanoi (VNA) – The capital city of Hanoi
disbursed close to 34.3 trillion VND (nearly 1.49 billion USD) in public
investment last year, representing 88.1 percent of the goal set by the government.
The percentage was higher than to 2019’s 76.7 percent;
and the city is among 17 cities and provinces with disbursement rates of 80
percent or higher.
However, it was reported that a number of local units
have seen sluggish disbursement of public capital and failed to realise the ....

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1526 p5 Annual targets for 2021 tough but achievable

The rate of public investment disbursement in 2020 was the highest in the last five years, contributing to enhancing economic growth and enabling Vietnam to be one of the highest-growth economies worldwide. With the government now enacting two resolutions on spurring economic growth and improving the local business climate, Deputy Minister of Planning and Investment Tran Quoc Phuong told VIRâs Nguyen Huong about the role of public investment in 2020 for the economy to move forward.
Prime Minister Nguyen Xuan Phuc addressing the opening ceremony of the first-ever Vietnam International Innovation Exhibition and the construction of the National Innovation Centre, Photo: Chi Cuong ....

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VNA selects top 10 economic events of Vietnam in 2020 | Business

Sunday, December 20, 2020 14:41
Hanoi (VNA) – Vietnam among very few countries to post GDP growth
rate of 2.5-3 percent, and the signing of the Regional Comprehensive Economic
Partnership (RCEP) agreement in 2020 when Vietnam assumes ASEAN Chairmanship are
among the top 10 domestic
The following are the ten outstanding events as selected by the Vietnam News
Agency.
1. GDP growth amidst severe global economic downturn

GDP growth, estimated at 2.5-3 percent. (Photo: VNA)
Given the severe global economic downturn caused by
COVID-19 in the year,
Vietnam is among very few countries to post GDP growth, estimated at 2.5-3
percent. This is attributable to the flexible management of the Government and ....

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