Vietnam Total Investments Predicted at VND930T Next Year
Vietnam’s total investments for development projects are predicted to rise 15.5% from a year earlier to VND930 trillion (US$47.69 billion) in 2011, the Ministry of Planning and Investment (MPI) said.
The figure will account for between 41% and 41.5%% of the country’s gross domestic product (GDP), according to the ministry’s report.
The country’s total investments for development projects rose 13.4% on year to VND390.1 trillion in the first half of this year. Of the sum, state funds accounted for VND166.8 trillion, up 17.8% on year.
The Southeast Asian country will need total investments of VND6,340 trillion for economic development projects in 2011-2015 period, up 1.9 folds in comparison with the sum for 2006-2010.
Minister of Finance Vu Van Ninh earlier forecast the country’s total investments will rise to VND800 trillion this year with 15.9% to be funded by the state budget. (
vneconomy.vn)
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