The economy recorded the disbursement of 10 months from the State budget reaching VND 68,400 billion, up 1.5% and the value of realized FDI inflows was 19.58 billion USD, up 8.8% over the same period last year.
On November 6, the October socio-economic report of the General Statistics Office showed that the economy has witnessed investment capital flows with positive signals, but also revealed points that need attention to promote sustainable economic growth.
Specifically, the report pointed out positive growth in both State budget investment capital flows and foreign direct investment (FDI).
By the end of October, the realized investment capital from the State budget was estimated at VND 495,900 billion, equivalent to 64.3% of the year plan and up 1.8% over the same period last year. Despite the growth over the same period in 2023 (66.5%), the report believes that this pace still needs to be further accelerated, especially in the context of many key projects that need to be completed.
Particularly in October, the economy recorded a disbursement of VND 68,400 billion, up 1.5% over the same period last year. In which, centrally managed capital reached VND 12,300 billion (up 7.9%), locally managed capital reached
In terms of FDI inflows, the current realized value in 10 months reached 19.58 billion USD, up 8.8% over the same period last year. In which, the processing and manufacturing industry is still the most attractive investment area with 15.8 billion USD (accounting for 80.7% of total FDI), followed by real estate business (1.56 billion USD).
However, newly registered FDI in 10 months shows a different "picture". Specifically, the total registered capital (including newly registered capital, adjustment and capital contribution, share purchase) reached 27.26 billion USD, a slight increase of 1.9% over the same period last year. In which, newly registered capital reached 15.23 billion USD, up 1.4% in the number of projects but down 2.5% in capital. This partly seems to show the caution of foreign investors in the context of global economic uncertainty.
The allocation of FDI is also mainly focused on a number of countries and territories, with Singapore leading the way with US$4.98 billion, accounting for 32.7% of the total newly registered capital. Next, South Korea, China and the Hong Kong Special Administrative Region are also major investors.
In terms of Vietnam's investment abroad, this capital flow also recorded strong growth in 10 months with a value of 473.1 million USD, up 11.5% over the same period last year. In which, Indonesia is the most attractive destination with $127.7 million, followed by India and Laos./.
