State budget disbursement reaches 38 percent in first 8 months

According to the Ministry of Finance, the disbursement of investment capital from the State budget has been over VND 137,000 billion, accounting for 38.4 percent of the total investment plan from this year’s state budget in the first eight months of the year.

Illustrative photo:SGGP

Illustrative photo:SGGP

Of these, state budget capital reached VND 134. 6 trillion and Government Bond capital was nearly VND 2.5 trillion.

Currently, there are 11 among 44 ministries, departments and 15 among 63 localities having high disbursement rate. However, there are still 13 among 44 ministries, departments and 4 among 63 localities having disbursement rate under 30 percent.

The result showed that the disbursement of investment capital from the State budget in the first eight months of the year assigned by the National Assembly reached 30 percent compared to the same period last year.

However, the disbursement of Government bonds capital was in low rate compared to the same period last year.


BY KIM HUYEN – Translated by Huyen Huong

Other news

Banking-finance

VNPT & SeABank cooperate to enhance connections

The Vietnam Posts and Telecommunications Group (VNPT) and SeABank just co-signed cooperation agreement, aiming to develop the two sides’ economic, business and investment potential.


Self - introduction

VNPT targets to be leading digital service provider in Vietnam

The grand opening ceremony of the VNPT-Information Technology Company (VNPT-IT), a new member of the Vietnam Posts and Telecommunications Group (VNPT), was held yesterday in Hanoi. With thousands of IT engineers and the focus on developing state-of-the-art technological products related to Artificial Intelligence (AI), Bigdata, and Blockchain, the new company is considered the main force to help VNPT fulfill the goal of becoming a leading digital service provider in Vietnam and an important Digital Hub of the neighborhood as well as the world.

Stock market

DIG issue 14 million shares

Development Investment Construction Joint Stock Corp (DIG)’s shareholders have approved its plan to issue 14.3 million shares in the second and third quarters of 2018.