Estimated Investment Capital from State Budget Sources Reaches Over VND 190 Trillion in the First Five Months

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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

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%.

Nhat Quang

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