Disbursement of State budget capital in 2020 reaches the highest rate in the past decade - Illustrative image (Photo: VNA) Hanoi (VNA) - Thedisbursement of State budget capital reached an estimated 91.1 percent of theplan set for the year and rose 34.5 percent year-on-year, the highest rate inthe 2011-2020.
This is the result behind theacceleration of public investment disbursement as part of efforts to maintaineconomic growth amid difficulties posed by the COVID-19 pandemic.
Latest updates by the General Statistics Office (GSO) show that total socialinvestment in 2020 increased 5.7 percent year-on-year to over 2.16 quadrillionVND (93.71 billion USD at current rate), and equivalent to 34.4 percent of theGDP.
Of the figure, 729 trillion VND was sourced from the state sector, up 14.5percent; 972.2 trillion VND came from the non-state sector, rising by 3.1 percent;and 463.3 trillion VND was from the foreign direct investment sector, down 1.3 percent.
The GSO said the country attracted a total of 28.5 billion USD in FDI in theyear, falling 25 percent compared to last year.
There were 2,523 newly-registeredprojects with 14.6 billionUSD in investment, down 35 percent in number and 12.5 percent in capital,respectively.
A total of 6.4 billion USD was added to 1,140 existing projects, a year-on-yearincrease of 10.6 percent, while capitalcontributions andshare purchases by foreign investors stood at 7.5 billion USD, down 51.7percent.
The disbursement of FDI in the year totaled an estimated 20 billion USD, down 2percent year-on-year./.
VNA
