FDI disbursement hits five-year high

VOV.VN - The disbursement of foreign direct investment (FDI) experienced a positive year-on-year increase of 10.2% to reach US$11.57 billion during the first seven months of the year, marking a five-year record.

According to information provided by the General Statistics Office (GSO), the country raked in US$15.54 billion in FDI during the course of the initial seven months of the year, a decline of 7.1% on-year.

Throughout the reviewed period Vietnamese enterprises pumped in a total of US$358.8 million in investment into new and supplemental capital ventures abroad, a fall of 37.1% from the same period last year.

The latest announcement made by the GSO also revealed that disbursement of investment capital sourced from the State budget stood at an estimated VND46.2 trillion in July, an increase of 22.5% over the same month in 2021.

The first seven months of this year saw VND237.6 trillion of investment capital sourced from the State budget disbursed, thereby fulfilling 43.3% of the annual target, up 11.9% on-year.

Furthermore, the state budget collection in the January to July period hit VND1.1 quadrillion, a rise of 18.1% against the same period in 2021 and reaching 77.5% of the annual target, according to data released by the GSO.

The expenditure in the seven-month period was estimated at VND842.7 trillion, up by 3.7% compared to the January to July period in 2021, equivalent to 47.2% of the year’s target.