Disbursement

The strong performance of public investments is required for Hanoi to realize the economic growth target of 4.5-5% for this year.

Leaders from localities and ministries are set to face strict punishment in case the disbursement of public funds is behind schedule.

The policymakers today (July 28) passed resolutions on the national financial plan and debt payment and mid-term public investment in the 2021-25 period, and State budget final accounts in 2019.

Total FDI commitments to Vietnam stood at US$16.7 billion in seven months.

The Covid-19 pandemic was among main reasons causing a stagnation in the construction progress.

Due to the city’s budget constraints, it is essential for local authorities to ensure the utmost efficiency in the spending of public money, the Hanoi’s mayor has said.

Disbursement of the foreign capital inflow rose by 6.5% to US$4.1 billion during the January-March period.

Japan regained the position of largest investor in Vietnam for the first two months of 2021 with US$1.64 billion, or 30% of the total registered FDI.

Singapore was the largest investor in the first month of 2021 in Vietnam with an investment capital of US$680.7 million, or 33.8% of the total.

The city will accelerate the establishment of an e-government model to create more convenience for the business community in realizing administrative procedures.