G-bond capital disbursed slowly
Just 2.46 trillion VND (108.37 million USD) of G-bond capital was disbursed in the first eight months, equal to only 4.9 percent of the annual plan (Photo: dautuchungkhoan.vn)
Capital mobilised from the issue
of G-bonds in the first eight months of this year was very positive, however,
it was quite a contrast to the disbursement of the capital source.
According to the Ministry of Finance, total capital mobilised from
G-bonds in the first eight months of this year reached nearly 144.1 trillion
VND (6.34 billion USD).
The amount was equal to 78.6 percent of the annual plan.
However, unlike the success of the G-bond mobilisation, the
disbursement of the capital source in the period was very slow. Just 2.46
trillion VND (108.37 million USD) was disbursed, equal to only 4.9 percent of
Due to the slow disbursement of public investment, including G-bond
capital, Prime Minister Nguyen Xuan Phuc had to ask authorities to take more
drastic measures to rectify the late disbursement of investment capital for
Thirty ministries and provinces reported the slow disbursement of
public investment, mainly due to the lack of proper direction by heads of
ministries and localities, in addition to inadequacies of related procedures,
slow land clearance and limited capacity of project contractors.
The PM noted that slow disbursement of public investment leads to
a bottleneck in national economic growth and rising public debt.-VNA