Disbursement of public investment up 34.4% in 10 months
The disbursement of public investment sourced from the State budget reached VND354.6 trillion (nearly US$15.3 billion) during the past 10 months, an increase of 34.4% compared to the same period last year, according to the General Statistics Office (GSO).
An estimated VND52 trillion (US$2.24 billion) of public investment was disbursed in October alone, up 42.2% year-on-year.
The GSO said total foreign investment in Vietnam by October 20, including newly-registered capital, additional capital, and share purchases and capital contributions, stood at US$23.5 billion, down 19.4% year-on-year.
About 2,100 new projects were granted licenses with combined registered capital of US$11.7 billion, down 32.1% in number and 9.1% in capital year-on-year.
A total of US$5.7 billion was added to 907 existing projects, up 4.4% against the same period last year.
Meanwhile, US$6.1 billion in foreign investment was spent on purchasing shares in Vietnam, down 43.5% year-on-year.
Vietnam invested US$314.5 million in 107 new projects and added US$163.8 million to 28 other projects overseas during the first ten months, the office said.