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.
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)
Hanoi (VNA) - Capital mobilised from the issueof 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 fromG-bonds in the first eight months of this year reached nearly 144.1 trillionVND (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, thedisbursement of the capital source in the period was very slow. Just 2.46trillion VND (108.37 million USD) was disbursed, equal to only 4.9 percent ofthe plan.
Due to the slow disbursement of public investment, including G-bondcapital, Prime Minister Nguyen Xuan Phuc had to ask authorities to take moredrastic measures to rectify the late disbursement of investment capital forpublic projects.
Thirty ministries and provinces reported the slow disbursement ofpublic investment, mainly due to the lack of proper direction by heads ofministries 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 toa bottleneck in national economic growth and rising public debt.-VNA
Deputy Prime Minister Vuong Dinh Hue was anxious about the slow allocation and disbursement of public investment and demanded clarifying the responsibility of related officials and agencies.
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PM Chinh proposed MUFG work closely with the Ministry of Finance to improve legal frameworks and support the establishment and operation of the international financial centre in Da Nang and Ho Chi Minh City.
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) 
