Business

Public investment hits five-year high

Public investment in August and the first eight months of this year increased 45.4 percent and 30.4 present year-on-year, respectively, according to the General Statistics Office (GSO).
Public investment hits five-year high ảnh 1Illustrative image (Photo: VNA)

Hanoi (VNA) – Public investment in August and the firsteight months of this year increased 45.4 percent and 30.4 present year-on-year,respectively, according to the General Statistics Office (GSO).

The investment hit five-year high, reaching 47.4 trillion VND (2.0billion USD) in August and 250.5 trillion VND between January and August.

In the eight months, the amount of capital under the management ofthe central government was 41.2 trillion VND, equivalent to 48.7 percent of theyearly target and up 65.1 percent against the same period last year; and thevolume of capital under the management of local administrations was 209.3trillion VND, equivalent to 51.1 percent of the yearly target and ayear-on-year rise of 25.2 percent.

Vietnamattracted 19.54 billion USD worth of FDI as of August 20, down 13.7 percentyear-on-year, according to the Ministry of Planning and Investment.

Therewere 1,797 new FDI projects licensed, with registered capital totalling 9.73billion USD, down 25.3 percent in project numbers but up 6.6 percent in valuecompared to the same period last year. The increase was attributed to theinclusion of the Bac Lieu LNG-to-power project, with investment capital of 4 billionUSD, or 41.1 percent of the total.

Meanwhile,718 existing projects were permitted to raise their investment by more than4.87 billion USD in total, a 22.2 percent increase year-on-year.

Foreigninvestors also outlaid 4.93 billion USD on share purchases or capitalcontributions during the period, down 48.2 percent.

Duringthe eight-month period, Vietnam invested a total of 330 million USD abroad, up15. 8 percent year-on-year, the ministry reported.

Ofthat number, 218.4 million USD was poured into 86 new projects and theremaining 111.8 million USD pledged to 25 existing projects./.
VNA
#public investment #General Statistics Office #Ministry of Planning and Investment #Vietnam #VietnamPlus #Vietnam news
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