Vietnam Public Investment

A challenging external environment and weaker domestic demand are leading to a slowdown in economic growth in Vietnam.

The goal of fully disbursing the public investment fund of VND711 trillion (US$30 billion) this year remains challenging.

The National Assembly approved the 2023 budget of VND712 trillion ($30 billion), a significant increase from more than VND130 trillion ($5.5 billion) in 2022.

The Government considers effective performance in public investment would catalyze development.

Government agencies need to step up efforts in disbursing public funds in the last months of the year.

The challenge would be huge for localities and Government agencies to fully disburse the public investment funds for this year.

The goal would be to fully disburse 100% of the allocated funds in 2022 with high quality and efficiency.

Last year, Vietnam’s disbursed amount of public funds stood at 77.3% of the year’s estimate, lower than in the same period of the previous year when 82.66% of the year’s allocations were disbursed.

Nearly VND200 trillion ($8.8 billion) out of a total VND461.3 trillion ($20.2 billion) remain unspent, requiring huge efforts for the Government to fully disburse the amount in the last two months of the year.