Disbursement of State budget capital in 2020 highest in past decade
The disbursement of State budget capital reached an estimated 91.1% of the plan set for the year and rose 34.5% year-on-year, the highest rate in the 2011-2020 period.
This is the result behind the acceleration of public investment disbursement as part of efforts to maintain economic growth amid difficulties posed by the COVID-19 pandemic.
Latest updates by the General Statistics Office (GSO) show that total social investment in 2020 increased 5.7% year-on-year to over VND2.16 quadrillion (US$93.71 billion at current rate), and equivalent to 34.4% of the GDP.
Of the figure, VND729 trillion was sourced from the state sector, up 14.5%; VND972.2 trillion came from the non-state sector, rising by 3.1%; and VND463.3 trillion was from the foreign direct investment sector, down 1.3%.
The GSO said the country attracted a total of US$28.5 billion in FDI in the year, falling 25% compared to last year.
There were 2,523 newly-registered projects with US$14.6 billion in investment, down 35% in number and 12.5% in capital, respectively.
A total of US$6.4 billion was added to 1,140 existing projects, a year-on-year increase of 10.6%, while capital contributions and share purchases by foreign investors stood at US$7.5 billion, down 51.7%.
The disbursement of FDI in the year totaled an estimated US$20 billion, down 2% year-on-year.