Foreign investment disbursement reaches 23.2 percent

TIN LIÊN QUAN
	Six Vietnamese startups seek foreign investment in Silicon Valley
	Vietnam resolutely takes strict measures to handle trade frauds

Disbursement of foreign capital for infrastructure construction only reached 23.2 percent of the plan as of October 15, 2019, reported the Finance Ministry on October 23.

Illustrative image.(Photo: VNA)

In compliance with the Prime Minister’s directions at the nationwide teleconference on accelerating public investment allocation and disbursement in 2019 on September 26, the ministry said 13 centrally-run ministries and agencies disbursed an amount equivalent to 29.79 percent of the target assigned by the PM while the figure was 18.66 percent in localities.

At the central level, only the Defence Ministry and the Vietnam Bank for Social Policies fulfilled all the assigned targets.

The Ministry of Public Security’s disbursement hit 98.13 percent of the plan. Meanwhile, that of the Health Ministry, the Hoa Lac Hi-Tech Park and the Vietnam Academy of Science and Technology was 13.99 percent, 9.23 percent and 2.28 percent, respectively.

Binh Duong led localities nationwide in disbursement, with 75.82 percent, followed by Tay Ninh 59.37 percent, Hai Phong 58.65 percent, Ha Noi 51.88 percent, Ninh Binh 43.18 percent and Ho Chi Minh City 41.75 percent.

In particular, 10 localities have not yet disbursed or recorded low disbursement, including Bac Kan, Dien Bien, Hai Duong, Thanh Hoa, Dong Nai, Ba Ria – Vung Tau, Vinh Long, Lam Dong, Hau Giang and Binh Phuoc.

Foreign investment in banking sector to surge The improved business performance of Vietnamese banks and a Government regulation to require local banks to meet stricter capital regulations as part of Basel II ...

Vietnam remains attractive for investment in 2019: Insider Vietnam will remain an attractive investment destination in 2019, though impacts of the US-China trade tension that triggered a downturn in global stock markets in ...

Vietnamese enterprises urged to be more proactive to utilise CPTPP Master Phung Thi Lan Phuong, Head of the Free Trade Agreement Office under the WTO and Integration Centre, under the Vietnam Chamber of Commerce and ...