HCM City: Public investment disbursement estimated at over 48.5 trillion VND

Monday, 25/12/2023 16:13
Ho Chi Minh (HCM) City is expected to disburse more than 48.5 trillion VND of public investment capital in 2023, said the city Department of Planning and Investment in a recent conference .
Perspective of Ring Road 3, a major public investment project of Ho Chi Minh City.

Specifically, by the end of November 2023, the city achieved 31.05 trillion VND of public investment disbursement. By the end of December 15, 2023, the city’s public investment disbursement reached 36.465 trillion VND.

In 2023, the city is assigned to disburse more than 68.634 trillion VND. The city government identified public investment disbursement as one of the key political tasks. By the end of October 2023, the city has disbursed 25.108 trillion VND.

To realize the target, the southern hub implemented the plan of “60 days of striving to promote disbursement of public investment capital” with synchronous and positive solutions, thereby achieving many positive results.

“Since the beginning of November 2023, every day, the city has disbursed 250 billion VND of public investment capital. This is an outstanding result compared to the disbursement rate in 2022”, according to a report of the Department of Planning and Investment.

In 2024, Ho Chi Minh City People's Council will allocate a detailed public investment disbursement plan with a total capital of more than 79.263 trillion VND, equal to the capital allocated by the Prime Minister in 2024.

The economic sector was assigned to disburse the majority of the capital with 43.03 trillion VND, accounting for more than 54% of the total. It was followed by the environmental sector, accounting for more than 29% and the medical field with 4.75%./.

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