Disbursement of investment capital from State budget rises sharply in May

Monday, 2020-06-01 14:23:58
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Basic construction has returned to normal and the progress of major construction projects is being accelerated. (Illustrative image)
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NDO – Approximately VND31.1 trillion (US$1.33 billion) in investment capital sourced from the State budget was disbursed in May 2020, an increase of 17.5% over the same period in 2019, according to the General Statistics Office.

In the January-May period, total investment capital from the State budget was estimated at VND116.3 trillion (US$4.99 billion), equivalent to 24.9% of the year’s target and up 15.6% over the same period last year.

The disbursement rate of investment capital from the State budget in May and in the first five months of this year reached the highest levels in the 2016-2020 period.

The investment capital has soared sharply in the context that the COVID-19 pandemic has been well under control while investment in basic construction has returned to normal and the progress of major construction projects is being accelerated.