Vietnam Total Investment to Rise 14.8% to VND704T This Year: MPI
Vietnam’s total investments for this year are expected to rise 14.8% from a year earlier to VND704 trillion (US$39.49 billion) and account for 42% of its GDP, according to the Ministry of Planning and Investment (MPI)’s forecast.
This year the government is expected to invest VND153 trillion from state budget, VND48 trillion of g-bonds, the MPI noted, estimating that direct foreign investments will likely be VND150 trillion and the private will invest up to VND223.5 trillion.
The government is trying to raise funds from different sources to spur the domestic economy amid the global economic downturn, the MPI highlighted.
The government has requested that ministries, sectors, cities and provinces to speed up disbursements of investments sourced from ODA, FDI and government-bonds. (VNA)
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