Rise in social investment reflects business, production recovery: GSO

In the fourth quarter of 2024, the figure was estimated at VND1.27 quadrillion, up 8.7% year on year. This included VND354.8 trillion from the State-owned sector, up 7.6%, VND726.6 trillion from the non-State sector, up 8.7%, and VND193.1 trillion from the foreign direct investment (FDI) sector, a rise of 10.5%.

For the whole year of 2024, total social investment was about VND3.69 quadrillion, with respective contributions from the three sectors reaching VND1.019 trillion, VND2.064 trillion, and VND608.6 trillion.

The GSO noted that of the State-owned sector's investment, funding from the State budget in 2024 amounted VND661.3 trillion, equivalent to 84.6% of the planned target, reflecting a year-on-year increase of 3.3%.

By management level, central investment capital was VND112.8 trillion, or 87.1% of the annual plan, down 0.4% compared to last year, while local investment capital hit VND548.5 trillion, fulfilling 84.1% of the target and rising 4.1%.

Meanwhile, total foreign investment registered in Vietnam as of the end of 2024, including new registrations, added capital, and capital contributions from foreign investors, was US$38.23 billion, down 3% compared to the previous year.

FDI disbursed in Vietnam last year was estimated at US$25.35 billion, an increase of 9.4% year on year.

In total, Vietnam’s outward investment in 2024 reached US$664.8 million, a rise of 57.7% from the previous year.

Economists held that State investment is crucial in funding key national projects, supporting investment in regions and sectors that other capital sources do not or will not target, and significantly contributing to the economic restructuring of localities as well as the nation, while serving as a seed capital to attract other investments.