The disbursement of State budget capital reached an estimated 91.1% of the plan set for the year and rose 34.5% year-on-year, the highest rate in the 2011-2020 period.

Disbursement of State budget capital in 2020 reaches
the highest rate in the past decade.

This is the result behind the acceleration of public investment disbursement as part of efforts to maintain economic growth amid difficulties posed by the COVID-19 pandemic.

Latest updates by the General Statistics Office (GSO) show that total social investment in 2020 increased 5.7% year-on-year to over VND2.16 quadrillion (US$93.71 billion at current rate), and equivalent to 34.4% of the GDP.

Of the figure, VND729 trillion was sourced from the state sector, up 14.5%; VND972.2 trillion came from the non-state sector, rising by 3.1%; and VND463.3 trillion was from the foreign direct investment sector, down 1.3%.

The GSO said the country attracted a total of US$28.5 billion in FDI in the year, falling 25% compared to last year.

There were 2,523 newly-registered projects with US$14.6 billion in investment, down 35% in number and 12.5% in capital, respectively.

A total of US$6.4 billion was added to 1,140 existing projects, a year-on-year increase of 10.6%, while capital contributions and share purchases by foreign investors stood at US$7.5 billion, down 51.7%.

The disbursement of FDI in the year totaled an estimated US$20 billion, down 2% year-on-year.