4M 2023 public investment disbursement improved but trailed the annual plan.

- According to the Ministry of Finance (MoF), State disbursement for investment & development increased 15.6% YoY to VND110.6tn (USD4.7bn) in 4M 2023 — the highest 4M level ever recorded. Nevertheless, this figure fulfilled only 15.2% of the annual plan approved by the National Assembly, which is lower than 18.2% in 4M 2022.

- The rate of disbursement trailed the annual plan due to several reasons, including 1) the public investment plan for 2023 increasing 38% YoY; 2) in the first few months of the year, ministries and local authorities worked on detailed funding allocations, investment procedures and selecting contractors; 3) investors not completing investment procedures; and 4) slow land procedures and land clearance, among others.

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