Vietnam is speeding up public investment disbursement to push growth, after going through difficult times due to the severe economic impact of Typhoon Yagi.
Provinces, ministries and government agencies had allocated VND664.9 trillion (US$26.7 billion) for public investment as of the end of September, showed data from the Ministry of Finance (MoF).
The total social investment capital disbursed during January – September rose 6.8% to some VND2.42 quadrillion (US$97.2 billion) on the back of a fall in lending interest rate, robust production growth, and the continuation of tax incentives, according to the General Statistics Office (GSO).
VOV.VN - Vietnam’s industrial production remains on an upward trajectory, with the index of industrial production (IIP) over the past eight months estimated to rise by 8.6% over the same period last year, the General Statistics Office (GSO) reported.
VOV.VN - Prime Minister Pham Minh Chinh underlined the need to clarify causes and bottlenecks leading to the slow disbursement of investment capital while chairing a conference aimed at promoting public investment in 2024 held on July 16 in Hanoi.
Only 14% of capital had been disbursed by the end of May.
The disbursement of public investment from the State budget in the first five months of this year was estimated to reach VND190.6 trillion (US$7.44 billion), equal to 26.6% of the yearly target and 5% higher than the same period last year, according to the General Statistics Office (GSO).
VOV.VN - The disbursement of foreign investment between the beginning of the year and May 20 reached about US$8.25 billion, posting a rise of 7.8% on-year, according to the Ministry of Planning and Investment.
VOV.VN - Vietnam’s disbursed FDI capital in the past four months rose 7.4% over the previous year’s corresponding period to US$6.28 billion, the highest in the past five years, according to the General Statistics Office.
VOV.VN - The World Bank, in its East Asia and Pacific Economic Update released on April 1, 2024, forecast that the Vietnamese economy would grow by 5.5% this year, making it among top growth leaders in the world.