In the latest fund-raising round, financial technology startup MoMo received US$200 million of investment capital, bringing its total value to over US$2 billion.
Disbursement of investment capital sourced from State budget was estimated at VND48.5 trillion (US$2.13 billion) in November, up 14.7% over the previous month, according to the General Statistics Office (GSO).
The demand for investment capital for the development of power sources and grids will average US$10-US$11.5 billion per year by 2030.
The Government Office has issued the Notice No.262/TB-VPCP dated October 5, 2021 on the Prime Minister’s conclusions at the nationwide teleconference with ministries, centrally-run agencies and localities on stepping up the disbursement of public investment capital this year.
VOV.VN - Prime Minister Pham Minh Chinh requested on September 28 that various ministries, agencies, and localities speed up and increase the efficiency of public investment disbursement, which is currently going slow nationwide.
Only over VND220.7 trillion (US$9.7 billion) worth of public investment capital was disbursed by the end of August, or 40.6% of the plan assigned by the Prime Minister.
The Minister of Transport recently requested the establishment of a special working group to boost the disbursement of public investment capital for projects in the transport sector.
Minister of Planning and Investment Nguyen Chi Dung has said low disbursement of public investment capital amid the COVID-19 pandemic could waste resources and result in the loss of opportunities to create a driving force for economic development.
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 inflow of foreign direct investment (FDI) into Ho Chi Minh City surpassed US$1.34 billion in the first five months of this year, down 16.52% year-on-year, according to the municipal Statistics Office.