Nearly 7 billion USD of public investment disbursed in six months
Disbursement of public investment in the first six months of 2020 amounted to nearly 156 trillion VND (6.73 billion USD), fulfilling 33.1 percent of the plan set by the National Assembly and the Prime Minister, higher than the 28.56 percent recorded in the same period last year, according to the Ministry of Planning and Investment.
Illustrative image (Source: VNA)Hanoi (VNA) – Disbursement of public investment in
the first six months of 2020 amounted to nearly 156 trillion VND (6.73 billion
USD), fulfilling 33.1 percent of the plan set by the National Assembly and the
Prime Minister, higher than the 28.56 percent recorded in the same period last
year, according to the Ministry of Planning and Investment.
The ministry further said over 142 trillion VND of domestic capital was disbursed in the reviewed period, equivalent to 32.98 percent of the plan, along with over 5.7 trillion VND of foreign capital, and more than 7.5 trillion VND of capital for national target programmes.
It also reported that four ministries and central agencies, and six localities recorded over 50 percent of disbursement.
Meanwhile, disbursement of under 5 percent was seen in 10 ministries and central agencies./.
The ministry further said over 142 trillion VND of domestic capital was disbursed in the reviewed period, equivalent to 32.98 percent of the plan, along with over 5.7 trillion VND of foreign capital, and more than 7.5 trillion VND of capital for national target programmes.
It also reported that four ministries and central agencies, and six localities recorded over 50 percent of disbursement.
Meanwhile, disbursement of under 5 percent was seen in 10 ministries and central agencies./.
You should also see
PM urges stronger cooperation between Vietnamese, Chinese Ministries of Justice
Prime Minister Pham Minh Chinh has requested the Ministries of Justice of Vietnam and China to foster cooperation and mutual support, making them to be on a par with the height of the bilateral relations.
See more
Business
Vietnam becomes biggest rice supplier for Singapore
Vietnam has for the first time surpassed India and Thailand to become the largest rice exporter to Singapore by shipping 36.15 million SGD (26.55 million USD) worth of rice in the first three months of this year, an increase of 80.46% over the same period in 2023, winning 32.03% of the market share, according to the Vietnam Trade Office in Singapore.
Business
Cooling equipment market heats up
Many electronics supermarkets in Hanoi have launched summer promotion programmes, reducing prices for cooling equipment such as air conditioners and fans, as the weather in the north of Vietnam has just begun to be hot and sunny.
Business
Vietnam an attractive destination for electronics, semiconductor investors: Official
Vietnam has strong infrastructure and research and development incentives as well as a skilled workforce, making it an attractive for “eagles” worldwide in the electronics and semiconductor industry, according to Deputy Minister of Planning and Investment Tran Duy Dong.
Business
Lam Dong strives to develop tea industry towards sustainable development
The Central Highlands province of Lam Dong aims to develop its tea industry to 2030 towards sustainable development by improving efficiency and fostering links between tea production, processing, and consumption. The province is also striving to replace aging tea plantations with high-quality tea varieties to enhance productivity.
Business
InfographicADB maintains 2024 economic growth forecast for Vietnam
In its April 2024 Asian Development Outlook (ADO) report, the Asian Development Bank (ADB) has maintained its earlier forecast for Vietnam’s economic growth this year, despite ongoing uncertainties from the external environment. Vietnam’s economy is expected to achieve a growth rate of 6.0% in 2024 and 6.2% in 2025.
