Vietnam’s public investment disbursement in the first quarter of 2020 increased by 16.4% compared with the same period in 2019.
According to the General Statistics Office, the positive sign is thanks to the government’s efforts to accelerate public investment disbursement to offset the impacts of the Covid-19 outbreak.Total disbursements in the January-March period were equivalent to 13.2% of the full-year target, which was set at 18% higher than last year’s figure.
Total social investment during the quarter was estimated at VND367.9 trillion (US$15.8 billion), up 2.2% year-on-year and equivalent to 31% of gross domestic product.Investments by the public sector accounted for 30.5% of total investment while the private sector made up 45.2%. They increased by 5.8% and 4.2% respectively.
In the meantime, foreign investment fell 5.4%, accounting for 24.3% of total investment.