Four-month public investment disbursement grows 12.9 percent
A total of 83.7 trillion VND (42.51 million USD) in public investment has been disbursed in the first four months of this year, a 12.9-percent increase from a year earlier, according to the General Statistics Office.
Hanoi(VNA) – A total of 83.7 trillion VND (42.51 million USD) in public investmenthas been disbursed in the first four months of this year, a 12.9-percentincrease from a year earlier, according to the General Statistics Office.
About 14.7percent of the sum – 12.3 trillion VND – came from the central budget, up 32.3percent year on year, while the remainder was from local budget, up 10.1percent.
The Ministryof Education and Training saw its public investment disbursement expanding 87.7percent, the highest among ministries, followed by the Ministry of Industry andTrade with 46.7 percent.
Localitieswith the highest increase in public investment disbursement during the periodincluded Quang Ninh with 17.9percent, Ba Ria – Vung Tau 12.5 percent, and Nghe An 11.9 percent.
Around 23.2trillion VND in public investment was disbursed in April, a year-on-year riseof 0.8 percent, the lowest over the last five year, because the COVID-19 pandemic has forced many projectsto postpone./.
Aside from speeding up transport infrastructure projects, many localities around Vietnam are also readying plans to reactivate production, business, nd export activities amid and also after the COVID-19 pandemic.
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The building material sector would be among the first to benefit from the Government’s efforts to speed up disbursement of public investment, which was identified as a growth driver as the COVID-19 pandemic cast a shadow on the economy.
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A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
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The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.