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Thursday, 28/05/2020 | 06:54:37 GMT+7
Vietnam’s public investment disbursement up in first quarter

Vietnam’s public investment disbursement in the first quarter of 2020 increased by 16.4% compared with the same period in 2019.

30/03/2020 09:13:56

Vietnam’s public investment disbursement up in first quarter - 1

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.