Rise in total social investment reflects business, production recovery
Total social investment in 2024, based on current prices, is estimated at 3.69 quadrillion VND (145.36 billion USD), an increase of 7.5% compared to 2023, signalling a positive recovery in production and business activities, reported the General Statistics Office (GSO).
Latest
 |
| Rise in social investment reflects business, production recovery. (Illustrative image. Source: VNA) |
In the fourth quarter of 2024, the figure was estimated at 1.27 quadrillion VND, up 8.7% year on year. This included 354.8 trillion VND from the State-owned sector, up 7.6%, 726.6 trillion VND from the non-State sector, up 8.7%, and 193.1 trillion VND from the foreign direct investment (FDI) sector, a rise of 10.5%.
For the whole year of 2024, total social investment was about 3.69 quadrillion VND, with respective contributions from the three sectors reaching 1.019 trillion VND, 2.064 trillion VND, and 608.6 trillion VND.
The GSO noted that of the State-owned sector's investment, funding from the State budget in 2024 amounted 661.3 trillion VND, equivalent to 84.6% of the planned target, reflecting a year-on-year increase of 3.3%.
By management level, central investment capital was 112.8 trillion VND, or 87.1% of the annual plan, down 0.4% compared to last year, while local investment capital hit 548.5 trillion VND, fulfilling 84.1% of the target and rising 4.1%.
Meanwhile, total foreign investment registered in Vietnam as of the end of 2024, including new registrations, added capital, and capital contributions from foreign investors, was 38.23 billion USD, down 3% compared to the previous year.
FDI disbursed in Vietnam last year was estimated at 25.35 billion USD, an increase of 9.4% year on year.
In total, Vietnam’s outward investment in 2024 reached 664.8 million USD, a rise of 57.7% from the previous year.
Economists held that State investment is crucial in funding key national projects, supporting investment in regions and sectors that other capital sources do not or will not target, and significantly contributing to the economic restructuring of localities as well as the nation, while serving as a seed capital to attract other investments.
(Source: VNA)
