Transport ministry makes progress in capital disbursement in Q1

April 01, 2024 - 21:51

The Planning and Investment Department revealed that over VNĐ6.77 trillion has been allocated to the North-South Expressway project, equivalent to some 65% of the ministry’s total disbursement.

At the construction site of the North-South Expressway sub-project. - VNA Photo

HÀ NỘI - The Ministry of Transport, as of late March, disbursed around VNĐ10.7 trillion (US$445 million) for public investment projects, or nearly 19.2% of the total allocated by the Prime Minister, which was higher than 17% recorded in the same period last year.

During the ministry’s conference in Hà Nội on April 1, a representative from the ministry's Planning and Investment Department revealed that over VNĐ6.77 trillion has been allocated to the North-South Expressway project, equivalent to some 65% of the ministry’s total disbursement.

For official development assistance (ODA)-funded projects, the ministry disbursed VNĐ665 billion, or 12.9% of the annual target.

Regarding upcoming projects, the department called for expediting procedures for approving investment plans and projects, especially those using leftover State budget fund from 2022.

These approvals are expected to be finalised by the end of April and submitted to the National Assembly for allocation in the mid-term investment plan during its May session. - VNS

Monetary policy forecast unlikely to loosen further

Economy

PM attends Dominican Republic-Việt Nam business dialogue in Santo Domingo

Economy

New decree on using telecommunications accounts for payment proposed

Economy

Việt Nam resolved to boost digital economy with national action plan

Economy

MM Mega Market recognised among the 'Top 100 Best Places to Work in Việt Nam 2024'

Economy

Green lifestyle changes drive people towards ethanol fuel

More on this story

Economy

VN aims to hit top 8 globally for IPv6 usage in 2024

Converting to IPv6, the most recent version of the Internet Protocol, is critical to ensure address resources for Internet development and connection with new services such as Internet of Things, cloud computing and 5G/6G networks.

Economy

Vietnamese stocks suffer as banking and securities shares decrease

Vietnamese stocks witnessed a decline on Monday as banking shares and securities stocks experienced a decrease. This resulted in increased pressure on the indices, driven by a strong selling force prevailing in the market.

Economy

Shrimp exports to major markets bounce back

Having identified its weakness in 2023, entering the first quarter of 2024, Việt Nam's shrimp industry has undergone a clear change, reflected through increases in exports to major markets.

Economy

Vietnamese in Laos have high hopes on real estate market prospects at home

Vietnamese in Laos have shared the belief that the amended Land Law, passed by the National Assembly earlier this year, will significantly contribute to national socio-economic development.

Economy

Masan set to close $250 million investment deal with Bain Capital on April 22

Masan Group Corporation (HOSE: MSN) announced on April 1 that the State Securities Commission has acknowledged receipt of its application for the private placement of convertible dividend preference shares related to a US$250-million investment by Bain Capital, a leading global private investment firm with assets worth US$180 billion under management.

Economy

Hà Nội is the most expensive place to live in VN: GSO

Hà Nội remains the most expensive city in Việt Nam for five years strait, according to 2023 Spatial Cost of Living Index (SCOLI) report recently announced by the General Statistics Office.

Economy

Việt Nam remains the world's second-largest footwear exporter in February

The Southeast Asian economy exported footwear worth US$1.2 billion during February to more than 150 markets around the world, accounting for 10 per cent of the global supply.

Economy

HDBank announces financial statements with profit of $524 million, ROE 24.2%, releases 2024 ESG report

The Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank - stock code: HDB) on March 29 announced its 2023 audited financial statements, which show it achieved its best ever results with pre-tax profit exceeding VND13 trillion (US$524 million), an increase of 26.8 per cent, further consolidating its rapid and steady growth.