Vietnam’s social investments at 34.6% gdp in 2011: gso

Vietnam’s total capital mobilization for social investments are estimated at VND877.9 trillion in 2011, up 5.7% from 2010 and account for 34.6% Gross Domestic Products (GDP), the General Statistics Office (GSO) said.

Excluding the price hike, the 2011’s total social investments equaled to 90.6% the 2010’s figures, GSO added.

Out of the total VND877.9 trillion for social investments, 38.9% or VND341.6 trillion was spent for public investments, up 8% from 2010. Non-state sector accounted for 35.2% or VND309.4 trillion, up 3.3%, FDI sector with VND226.9 trillion or 25.9%, up 5.8%.

Total investments from State-budget are estimated at VND178 trillion in 2011, surpassing 1.8% the year plan and up 6.7% from 2010. Of which, state- managed fund was VND42 trillion, equaling to 100.4% the year target and up 7.1% on year. Local-controlled fund was VND136 trillion, equaling to 102.3% the year plan and up 6.5%.

Source TEI/StoxPlus

Tags: Vietnam economic, Vietnam economic growth, Vietnam economy, Vietnam economy 2011, Vietnam GDP 2011

Posted by VBN on Dec 29 2011. Filed under Economy News. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry