State budget disbursement shows positive trends in April 2024
According to the General Statistics Office, state budget disbursement was accelerated by ministries, sectors, and localities in April 2024. In the first four months of 2024, the disbursed state budget capital is estimated to have reached 20.1% of the annual plan, an increase of 5.9% compared to the same period last year. Foreign Direct Investment (FDI) disbursed in Vietnam in the first four months of 2024 is estimated to have reached 6.28 billion USD, up 7.4% year-on-year.
State budget capital disbursed in April 2024 is estimated to have reached nearly 44,000 billion VND, an increase of 8.3% year-on-year, including: Central Government managed capital reaching 8.2 trillion VND, up 7.5%; local managed capital 35.8 trillion VND, up 8.4%. In the first four months of 2024, state budget capital disbursed is estimated to have reached 142.8 trillion VND, equivalent to 20.1% of the annual plan and up 5.9% year-on-year (in the same period of 2023, it was 18.4% and up 5.5%). Specifically:
– State budget capital disbursed by the Central Government is estimated to have reached 24.3 trillion VND, equivalent to 22% of the annual plan and a decrease of 1.9% compared to the same period last year. Of which, the Ministry of Transport reached 15.6 trillion VND, down 16.8%; the Ministry of Agriculture and Rural Development reached 2.1 trillion VND, up 32.1%; the Ministry of Education and Training reached 206.6 billion VND, down 6.3%; the Ministry of Health reached 175.6 billion VND, down 6.8%; the Ministry of Culture, Sports, and Tourism reached 143.2 billion VND, down 31.4%; the Ministry of Industry and Trade reached 141.3 billion VND, up 9.9%.
– State budget capital disbursed by localities is estimated to have reached 118.5 trillion VND, equivalent to 19.7% of the annual plan and an increase of 7.7% compared to the same period last year, of which:
State budget capital at provincial level reached 79.6 trillion VND, equivalent to 18.7% and up 7.6% year-on-year.
State budget capital at district level reached 33.7 trillion VND, equivalent to 22% and up 8.6%.
State budget capital at commune level reached 5.2 trillion VND, equivalent to 24.9% and up 4.8%.
State budget disbursement in the first four months of 2024 in some provinces and cities directly under the Central Government is as follows:
Foreign Direct Investment (FDI) disbursed in Vietnam in the first four months of 2024 is estimated to have reached 6.28 billion USD, up 7.4% year-on-year. This is the highest FDI disbursement in the first four months of the year in the past five years. Of which:
– Processing and manufacturing industry reached 4.93 billion USD, accounting for 78.5% of total FDI disbursed;
– real estate business activities reached 607.6 million USD, accounting for 9.7%;
– production, distribution of electricity, gas, hot water, steam, and air conditioning reached 259.8 million USD, accounting for 4.1%.
Vietnam’s overseas investment in the first four months of 2024 had 36 projects newly granted investment certificates with a total capital of 98.3 million USD from the Vietnamese side, a decrease of 29.8% compared to the same period last year; there were 3 project adjustments with an adjusted capital increase of 580,000 USD, a decrease of 95.7%.
In the first four months of the year, the total investment capital of Vietnam’s overseas investment (new and adjusted capital) reached 98.9 million USD, down 35.6% year-on-year. Of which:
– Mining reached 58.6 million USD, accounting for 59.3% of total investment capital;
– wholesale and retail trade, repair of automobiles, motorcycles, motorbikes, and other motor vehicles reached 11.5 million USD, accounting for 11.7%;
– other services reached 10 million USD, accounting for 10.1%;
– construction activities reached 5.5 million USD, accounting for 5.6%;
– real estate business activities reached 5.4 million USD, accounting for 5.4%.
In the first four months of 2024, there were 14 countries and territories receiving investment from Vietnam, of which:
– the Netherlands is the leading country with 54.6 million USD, accounting for 55.2% of total investment capital;
– Laos 16.3 million USD, accounting for 16.5%;
– the United States 6.7 million USD, accounting for 6.7%;
– New Zealand reached 5.9 million USD, accounting for 5.9%;
– Germany 5.4 million USD, accounting for 5.4%.
