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Gov’t measures fuelling rise in investment capital

The country’s total sources of investment capital in the first half of this year is estimated to have reached 322.6 trillion VND, a year-on-year increase of 18.1 percent, said the Ministry of Planning and Investment (MPI).
The country’s total sources ofinvestment capital in the first half of this year is estimated to havereached 322.6 trillion VND, a year-on-year increase of 18.1 percent,said the Ministry of Planning and Investment (MPI).

Of the total, 141.5 trillion VND is from the state economic sector,increasing by 33.4 percent, and 110.1 trillion VND from the non-statesector, up by 37.4 percent. 4 billion USD is from foreign directinvestment, decreasing by 18.4 percent, 1.78 billion USD from OfficialDevelopment Assistance (ODA), up by 15 percent and Governmentdisbursements of 127 billion USD, up by 9 percent.

New capital registered by domestic investors reached 153.5 trillionVND, increasing 53 percent over the same period last year.

According to the MPI, thanks to investment stimulus measures, animproving business and investment environment, and continuedmobilisation of the government’s capital sources, it is possible thatinvestment capital mobilisation this year will still reach thescheduled target.

To achieve this goal, the Government has additionally issued anadditional bonds worth 20,000 billion VND to accelerate the tempo ofinvestment in top-priority projects in transport, irrigation, healthand education, and building campuses.

It has also created favourable conditions for economic sectors andinvestors in and outside the country to provide funds for business,production and construction investment.

The government has asked the appropriate authorities, localities andbusinesses to strengthen investment promotion activities and implementsix packages of urgent solutions so as to effectively tap sources ofFDI capital and take full advantage of ODA.

It has also required businesses to step up the pace of contractnegotiations, the signing of agreements and commitments, and tomobilise more low-priority ODA loans from international financialinstitutions including the World Bank (WB) and the Asian DevelopmentBank (ADB).

The government has been guiding poor districts nationwide to implementprojects and public works by using advanced capital sources and urginglarge enterprises to assist these districts.

The MPI said it will focus on hastening the disbursement of statebudget capital, government bonds, ODA, and investment credit capitalfrom state-owned enterprises from now to the year’s end.

As scheduled, the country’s total investment capital this year isestimated to reach 759 trillion VND, increasing 23.5 percent over thesame period last year./.

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