People go past the State Bank building in central Hanoi, Vietnam. - Reuters
HANOI: Vietnam's total investment in 2024, based on current prices, is estimated at 3.69 quadrillion Vietnamese dong (US$145.37 billion), an increase of 7.5 per cent compared to 2023, signaling a positive recovery in production and business activities, Vietnam News Agency reported Wednesday (Jan 8), citing the country's General Statistics Office (GSO).
The respective contributions from the state-owned sector, non-state sector and foreign direct investment sector reached 1.01 quadrillion dong (US$39.8 billion), 2.06 quadrillion dong (US$81.1 billion) and 608.6 trillion dong (US$23.9 billion), respectively.
According to the GSO, the state-owned sector's investment funding from the state budget in 2024 amounted to 661.3 trillion dong (US$26 billion), equivalent to 84.6 per cent of the planned target, reflecting a year-on-year increase of 3.3 per cent.
Economists said state investment was crucial for key national projects, and significantly contributed to the economic restructuring, while serving as a "seed" capital to attract other investments. - Xinhua
