The disbursed public investment declined in July due to the surge in COVID-19 cases, but it still grew 5.6% in the first seven months of 2021 as compared to the same period last year.
VOV.VN - Total foreign direct investment (FDI) registered capital decreased by 11.1% to fall to US$16.7 billion by July 20 due to the adverse impact caused by the latest COVID-19 outbreak, according to the Foreign Investment Agency (FIA).
VOV.VN - The Central Institute for Economic Management (CIEM) has revised two scenarios for the Vietnamese economy by the end of the year, with the GDP rate forecast to expand by 5.9% and 6.2%, respectively.
The disbursement of public investment must be sped up in the second half of this year as an important solution to accelerate economic growth amid the COVID-19 pandemic, according to the Ministry of Planning and Investment.
The disbursement rate of public investment capital in 2021 is expected to reach between 95%-100% of the plan assigned by the Prime Minister, according to the Ministry of Planning and Investment.
The agricultural sector has disbursed about VND3.52 trillion (US$152.98 million) of public investment in the first six months of 2021, completing 35.83% of its yearly target, according to the Ministry of Agriculture and Rural Development (MARD).
The Minister of Transport has issued Directive 06/CT-BGTVT on speeding up public investment disbursement in 2021 to successfully realise the socio-economic plan and State budget estimate for the year.
The disbursed amount of public investment funded by official development assistance (ODA) in localities in the first five months of this year stood at only over VND1.1 trillion (US$47.9 million), equivalent to just 1.73% of the year’s target, according to the Ministry of Finance (MoF).
Ho Chi Minh City targets achieving a 95% or higher rate for disbursement of public spending this year.
VOV.VN - Industrial zones (IPs) and economic zones (EZs) nationwide attracted a total of 291 foreign direct investment projects during the five-month period with newly-registered and additionally increased capital reaching approximately US$6.02 billion, a year-on-year increase of roughly 10.3%.