Vietnam Investment Totals VND175.5Tln in Q1 2011: GSO

Total Vietnam investment is estimated to reach VND175.5 trillion in the first quarter of this year, up 14.7% on-year, the General Statistic Office of Vietnam said.

In details, the state investment contributed 44.5% of total investment or VND76.4 trillion, up 15.2% on-year. Non-state sector investment totaled VND45.6 trillion or 26.6% of total investment, up 28.5% on-year. Foreign direct investment sector contributed 28.9% of total investment capital or VND49.5 trillion, up 3.8% on-year.

In January-March, Vietnam state budget investment is estimated to reach VND38.9 trillion, equal to 21.2% of the year-plan and up 19.6% on-year, the GSO said.

The investment under the central authority’s control is expected to reach VND8.148 trillion or 19.5% of the year estimate, up 15.2% on-year.

The highest investment implemented came to the Ministry of Transport with VND1,333 billion or 18.1% of the year’s plan(+13.1% on-year), the Ministry of Industry and Trade with VND675 billion or 16.5% of the year estimate(+2.6% on-year), the Ministry of Agriculture and Rural Development with VND421 billion or 11.5% of the year’s plan(-11%).

Meanwhile, localities are believed to use VND30.732 billion state budget or 21.8% of the year’s plan, up 20.9% on-year.

Localities showing the highest investment capital included Hanoi (VND2,533 billion or 12.3% of the year’s plan, up 6.2% on-year), Ho Chi Minh City (VND2,016 billion or 15.2% of the year’s plan, up 6.9% on-year), Da Nang ( VND1,579 billion, up 53.1% on-year).

The country’s gross domestic product (GDP) is estimated to have slowed down at 5.34% in the first quarter of this year compared with 5.84% on the same period of 2010, the GSO said.

Tags: Vietnam investment