Disbursement of public investment up 34.4 pct in 10 months

10:39 | 04/11/2020

The disbursement of public investment sourced from the State budget reached 354.6 trillion VND (nearly 15.3 billion USD) in the first ten months of this year, an increase of 34.4 percent compared to the same period last year, according to the General Statistics Office (GSO).

disbursement of public investment up 344 pct in 10 months
Illustrative image (Photo: VNA)

Hanoi - The disbursement of public investment sourced from the State budget reached 354.6 trillion VND (nearly 15.3 billion USD) in the first ten months of this year, an increase of 34.4 percent compared to the same period last year, according to the General Statistics Office (GSO).

An estimated 52 trillion VND (2.24 billion USD) of public investment was disbursed in October alone, up 42.2 percent year-on-year.

The GSO said total foreign investment in Vietnam by October 20, including newly-registered capital, additional capital, and share purchases and capital contributions, stood at 23.5 billion USD, down 19.4 percent year-on-year.

About 2,100 new projects were granted licenses with combined registered capital of 11.7 billion USD, down 32.1 percent in number and 9.1 percent in capital year-on-year.

A total of 5.7 billion USD was added to 907 existing projects, up 4.4 percent against the same period last year.

Meanwhile, 6.1 billion USD in foreign investment was spent on purchasing shares in Vietnam, down 43.5 percent year-on-year.

Vietnam invested 314.5 million USD in 107 new projects and added 163.8 million USD to 28 other projects overseas during the first ten months, the office said.

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