March 07, 2025 | 23:51 (GMT+7)
Disbursed investment from State budget increases 36.5%
The disbursed investment from the State budget is estimated at 37.9 trillion VND (1.48 billion USD) in February, up 36.5% from the same period last year, reported the National Statistics Office (NSO) under the Ministry of Finance.
The sum comprises 5.5 trillion VND from the central budget and 32.4 trillion VND from local budgets, respectively growing 20.1% and 39.8%.
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Work is underway at the Cao Lanh - An Phu expressway project in the southern province of Dong Thap. |
The NSO said that after the Lunar New Year (Tet) holiday, ministries, sectors, and localities have focused on accelerating the investment projects funded by the State budget.
As a result, the disbursed investment from the State budget during the first two months of 2025 stood at around 73.2 trillion VND, equivalent to 8.5% of the annual plan and a year-on-year increase of 21.7%.
Funding from the State plays a crucial role in nationally important projects, along with the structures, areas, and sectors that other sources of capital are not allowed or interested in investing in. It serves as an important contributor to economic restructuring of the country and also helps attract investment from other sources.
Meanwhile, about 2.95 billion USD in foreign direct investment (FDI) was disbursed in the first two months, rising 5.4% from a year earlier. This is the highest FDI value disbursed during January–February over the past five years, according the NSO.
Source: VNA