The estimated investment capital sourced from the state budget in May 2024 was VND 48.2 trillion, a 3.1% increase from the previous year. This includes centrally-managed capital, which reached VND 8.6 trillion, a 0.5% increase, and locally-managed capital, which amounted to VND 39.6 trillion, a 3.7% increase. For the first five months of 2024, the total estimated investment capital from the state budget reached VND 190.6 trillion, equivalent to 26.6% of the yearly plan and a 5.0% increase compared to the same period last year (in 2023, it was 24.8% and a 21.5% increase). Here are the details:
– The estimated investment capital under central management reached VND 32.5 trillion, accounting for 29.3% of the yearly plan and a 2.6% decrease compared to the previous year. Specifically, the Ministry of Transport achieved VND 20.3 trillion, a 19.1% decrease; the Ministry of Agriculture and Rural Development exceeded VND 3 trillion, a 37% increase; the Ministry of Education and Training attained VND 287.7 billion, a 1.1% decrease; the Ministry of Health reached VND 247.4 billion, a 1.5% decrease; the Ministry of Natural Resources and Environment attained VND 193.3 billion, a 34.8% decrease; and the Ministry of Industry and Trade achieved VND 187.8 billion, a 9.3% increase.
– The estimated investment capital under local management reached VND 158.1 trillion, accounting for 26.1% of the yearly plan and a 6.7% increase compared to the same period last year. This includes:
Provincial state budget capital reached nearly VND 106 trillion, accounting for 24.6% and a 6.1% increase compared to the same period in 2023; district state budget capital reached VND 44.9 trillion, accounting for 29.3% and an 8% increase; and communal state budget capital reached VND 7.2 trillion, accounting for 34.5% and a 7.1% increase.
Here is an overview of the investment capital sourced from the state budget for the first five months of 2024 in some provinces and centrally-controlled cities:
Investment capital from state budget of some localities
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As of May 20, 2024, the total registered foreign investment capital in Vietnam, including new registrations, adjusted capital, and capital contributions and share purchases by foreign investors, reached nearly USD 11.07 billion, a 2.0% increase compared to the same period last year.
In the first five months of 2024, there were 42 new projects with investment registration certificates granted by Vietnamese authorities, with a total capital of USD 103.5 million, a 27.5% decrease compared to the same period last year. There were also 10 projects with adjusted capital, with an additional capital of USD 32.5 million, an 81.3% decrease.
For the first five months of 2024, the total investment capital from Vietnam to foreign countries (including new and adjusted capital) reached USD 136.1 million, a 57.0% decrease compared to the same period last year. Specifically, the mining sector attracted USD 58.6 million, accounting for 43.1% of the total investment; the manufacturing industry received USD 32.5 million, or 23.9%; wholesale and retail sales and the repair of automobiles and motorcycles received USD 11.3 million, or 8.3%; other services attracted USD 10 million, or 7.4%; and the construction sector received USD 5.5 million, accounting for 4%.
During the first five months of 2024, Vietnamese investment was present in 16 countries and territories, with the Netherlands being the leading recipient with USD 54.6 million, accounting for 40.1% of the total investment; Laos with USD 50 million, or 36.8%; the United States with USD 7.7 million, or 5.6%; New Zealand with USD 5.9 million, or 4.3%; and Indonesia with USD 5.5 million, or 4.0%.