Public investment hits five-year high
|
The investment hit five-year high, reaching VND47.4 trillion (US$2 billion) in August and VND250.5 trillion between January and August.
In the eight months, the amount of capital under the management of the central government was VND41.2 trillion, equivalent to 48.7% of the yearly target and up 65.1% against the same period last year; and the volume of capital under the management of local administrations was VND209.3 trillion, equivalent to 51.1% of the yearly target and a year-on-year rise of 25.2%.
Vietnam attracted US$19.54 billion worth of FDI as of August 20, down 13.7% year-on-year, according to the Ministry of Planning and Investment.
There were 1,797 new FDI projects licensed, with registered capital totalling US$9.73 billion, down 25.3% in project numbers but up 6.6% in value compared to the same period last year. The increase was attributed to the inclusion of the Bac Lieu LNG-to-power project, with investment capital of US$4 billion, or 41.1% of the total.
Meanwhile, 718 existing projects were permitted to raise their investment by more than US$4.87 billion in total, a 22.2% increase year-on-year.
Foreign investors also outlaid US$4.93 billion on share purchases or capital contributions during the period, down 48.2%.
During the eight-month period, Vietnam invested a total of US$330 million abroad, up 15.8% year-on-year, the ministry reported.
Of that number, US$218.4 million was poured into 86 new projects and the remaining US$111.8 million pledged to 25 existing projects.
Related News
Price stability from supply increase and transparency in trading in gold market
09:42 | 25/04/2024 Finance
Ensure savings and prevent losses in disbursement of public investment
10:24 | 18/04/2024 Finance
Investors play a key role in developing the industrial park system
10:38 | 22/04/2024 Headlines
Improving legal framework, ensuring accessibility to green bonds
15:42 | 13/04/2024 Finance
Latest News
Strictly monitor market fluctuations to appropriately adjust prices
14:46 | 27/04/2024 Finance
Closely monitoring market fluctuations to consider appropriate time to adjust prices
09:30 | 26/04/2024 Finance
How does the Land Development Fund work effectively?
09:19 | 26/04/2024 Finance
Vietnam seeks to remove obstacles in upgrade of securities market
13:50 | 25/04/2024 Finance
More News
SBV takes more actions to stabilise foreign exchange rates
13:43 | 24/04/2024 Finance
Proposal to exclude criminal liability for tax officials when businesses provide false information to refund VAT
10:35 | 24/04/2024 Finance
Corporate bond maturity in 2024 remains high: MoF
13:51 | 23/04/2024 Finance
Support clearance procedures for imported gold for bidding
09:33 | 23/04/2024 Finance
The exchange rate will gradually cool down from the end of the second quarter of 2024, while interest rates will remain low
09:32 | 23/04/2024 Finance
Majority of credit institutions forecast profit growth in 2024
15:16 | 22/04/2024 Finance
Central bank plans to auction gold bars on April 22
18:00 | 21/04/2024 Finance
Old loans must endure higher interest rates temporarily: central bank
15:44 | 19/04/2024 Finance
State-owned enterprises flourished
14:15 | 19/04/2024 Finance
Your care
Strictly monitor market fluctuations to appropriately adjust prices
14:46 | 27/04/2024 Finance
Closely monitoring market fluctuations to consider appropriate time to adjust prices
09:30 | 26/04/2024 Finance
How does the Land Development Fund work effectively?
09:19 | 26/04/2024 Finance
Vietnam seeks to remove obstacles in upgrade of securities market
13:50 | 25/04/2024 Finance
Price stability from supply increase and transparency in trading in gold market
09:42 | 25/04/2024 Finance