Vietnam's state budget for investment exceeded in two months
Total investment capital from the State budget was estimated at more than 1.27 billion USD in the first two months of 2018, equivalent to 8.6 percent of the yearly plan.
Vietnam's state budget for investment exceeded in two months
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In February, total investment from the State budget was calculated at553.52 million USD.
The Ministry of Planning and Investment (MPI) said most of the capital has been spent on construction works that began in 2017 and brand new projects.
According to the MPI, the total investment capital from the State budget, excluding Government bonds, planned for 2017 was 13.5 billion USD.
By the end of June 2017, more than 13.3 billion USD or 98.7 percent of the sum was allocated.
The remaining 4.074 trillion VND was capital intended for the national target programme on climate change response and green growth, two new projects of the Ministry of Agriculture and Rural Development and the northern mountainous province of Ha Giang, and capital allocated by ministries, agencies and local administrations in violation of rules.
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Vietnam news in brief - August 24
Read The Hanoi Times to stay up to date on developments in Vietnam.
- Growing number of FDI firms moving to Vietnam
- Vietnam Gov’t committed to facilitating Adani Group’s US$2-billion port project
- Vietnam Railway proposes US$87 million for Hanoi–Dong Dang railway upgrade
- Vietnam’s North-South high-speed railway to be designed for 350km/h
- Vietnamese gov’t urged to address impact of global minimum tax
- Samsung plans drastic investment increase in Vietnam over next three years