HCM City targets all 2017’s investment capital disbursed by next JanuaryVice Chairman of the HCM City People’s Committee Tran Vinh Tuyen has asked local departments and districts to disburse all public investment capital from 2017 by the end of January 2018. The city had disbursed 13.21 trillion VND (581.1 million USD) as of July 31, 50 percent of the sum planned to be disbursed this year. That includes 722 billion VND (31.8 million USD) of capital from the central budget, 22 percent of total State capital subject to disbursement. HCM City also disbursed 2.9 trillion VND (127.6 million USD) or 72 percent of Official Development Assistance (ODA) capital allocated by central agencies as of July 31. Minh said as the provided ODA capital has met about 50 percent of local demand, HCM City will struggle to soon finish many projects.

Source: VietNamNet News August 04, 2017 03:45 UTC