The country’s total sources of investment capital in the first half of this year is estimated to have reached 322.6 trillion VND, a year-on-year increase of 18.1 percent, said the Ministry of Planning and Investment (MPI).

Of the total, 141.5 trillion VND is from the state economic sector, increasing by 33.4 percent, and 110.1 trillion VND from the non-state sector, up by 37.4 percent. 4 billion USD is from foreign direct investment, decreasing by 18.4 percent, 1.78 billion USD from Official Development Assistance (ODA), up by 15 percent and Government disbursements of 127 billion USD, up by 9 percent.

New capital registered by domestic investors reached 153.5 trillion VND, increasing 53 percent over the same period last year.

According to the MPI, thanks to investment stimulus measures, an improving business and investment environment, and continued mobilisation of the government’s capital sources, it is possible that investment capital mobilisation this year will still reach the scheduled target.

To achieve this goal, the Government has additionally issued an additional bonds worth 20,000 billion VND to accelerate the tempo of investment in top-priority projects in transport, irrigation, health and education, and building campuses.

It has also created favourable conditions for economic sectors and investors in and outside the country to provide funds for business, production and construction investment.

The government has asked the appropriate authorities, localities and businesses to strengthen investment promotion activities and implement six packages of urgent solutions so as to effectively tap sources of FDI capital and take full advantage of ODA.

It has also required businesses to step up the pace of contract negotiations, the signing of agreements and commitments, and to mobilise more low-priority ODA loans from international financial institutions including the World Bank (WB) and the Asian Development Bank (ADB).

The government has been guiding poor districts nationwide to implement projects and public works by using advanced capital sources and urging large enterprises to assist these districts.

The MPI said it will focus on hastening the disbursement of state budget capital, government bonds, ODA, and investment credit capital from state-owned enterprises from now to the year’s end.

As scheduled, the country’s total investment capital this year is estimated to reach 759 trillion VND, increasing 23.5 percent over the same period last year./.