HANOI, Feb. 16 (Xinhua) -- Vietnam will allocate about 657 trillion Vietnamese dong (26.82 billion U.S. dollars) of public investment capital in 2024, mostly for transport infrastructure development, said Prime Minister Pham Minh Chinh on Friday.
The country would strive to disburse at least 95 percent of public investment this year, the prime minister said while chairing the ninth session of the Steering Committee for Key National Transport Projects, Vietnam News Agency reported.
Once transport projects are put into operation, they will help reduce logistics costs and improve the competitive edge for enterprises, while giving a boost to the development of industry, services and urban areas, the cabinet leader said.
Vietnam's public investment disbursement rate in 2023 was estimated at 95 percent, an increase of 3.58 percentage points compared to 2022, according to the Ministry of Planning and Investment. ■
