Investment capital implemented from the State budget in July 2024 increased by 8.2% compared to June 2024

(MPI) - According to the Socio-Economic Situation Report for July and the first 7 months of 2024 of the General Statistics Office, Ministry of Planning and Investment , investment capital from the State budget continues to be promoted by ministries, branches and localities. Investment capital implemented from the State budget in July 2024 is estimated to increase by 8.2% over the previous month; in the first 7 months of 2024, it is estimated to reach 40.6% of the annual plan and increase by 2.3% over the same period last year. Foreign direct investment (FDI) implemented in Vietnam in the first 7 months of 2024 is estimated to reach 12.55 billion USD, up 8.4% over the same period last year.

Illustration photo. Source: MPI

Accordingly, the investment capital implemented from the State budget in July 2024 is estimated at VND 57.6 trillion, down 1.6% over the same period last year, including: Centrally managed capital reached VND 10.1 trillion, down 4.9%; locally managed capital reached VND 47.5 trillion, down 0.9%. In the first 7 months of 2024, the investment capital implemented from the State budget is estimated at VND 301.5 trillion, equal to 40.6% of the annual plan and up 2.3% over the same period last year (the same period in 2023 was equal to 40.2% and up 23.6%).

The realized investment capital managed by the Central Government is estimated at 51.9 trillion VND, equal to 44.9% of the annual plan and down 3.7% over the same period last year. Of which, the Ministry of Transport reached 31.8 trillion VND, down 20.9%; the Ministry of Agriculture and Rural Development reached 5.1 trillion VND, up 37.6%; the Ministry of Education and Training reached 503.3 billion VND, up 6.6%; the Ministry of Health reached 483.6 billion VND, up 19.5%; the Ministry of Natural Resources and Environment reached 324.5 billion VND, down 38.9%; the Ministry of Industry and Trade reached 302.5 billion VND, up 10.3%.

The investment capital managed by the locality is estimated at 249.6 trillion VND, equal to 39.8% of the annual plan and up 3.6% over the same period last year. Of which: Provincial State budget capital reached nearly 166.8 trillion VND, equal to 37.8% and up 2.3%; District State budget capital reached 71.3 trillion VND, equal to 43.3% and up 6.7%; Commune State budget capital reached 11.5 trillion VND, equal to 54.8% and up 5.1%.

Total foreign investment capital registered in Vietnam as of July 20, 2024, including: newly registered capital, adjusted registered capital and capital contribution and share purchase value of foreign investors, reached more than 18 billion USD, up 10.9% over the same period last year.

Foreign direct investment realized in Vietnam in the first 7 months of 2024 is estimated at 12.55 billion USD, up 8.4% over the same period last year. This is the highest amount of foreign direct investment realized in seven months in the past 5 years. Of which: Processing and manufacturing industry reached 9.98 billion USD, accounting for 79.5% of total realized foreign direct investment; real estate business activities reached 1.14 billion USD, accounting for 9.1%; production and distribution of electricity, gas, hot water, steam and air conditioning reached 481.1 million USD, accounting for 3.8%.

Vietnam's overseas investment in the first 7 months of 2024 had 64 projects newly granted investment certificates with a total capital of Vietnam's side of 122 million USD, down 18.2% over the same period last year; there were 15 projects with capital adjustment with an increase of 28.6 million USD, down 83.3%.

Regarding state budget revenue and expenditure, state budget revenue in the first 7 months of 2024 is estimated to increase by 14.6% over the same period last year. State budget expenditure is estimated to increase by 0.6% over the same period in 2023, ensuring the needs of socio -economic development, national defense, security, state management, payment of due debts as well as timely payment to subjects according to regulations.

Total state budget revenue in July 2024 is estimated at nearly 150 trillion VND. Cumulative total state budget revenue in the first seven months of 2024 is estimated at 1,188.1 trillion VND, equal to 69.8% of the year's estimate and up 14.6% over the same period last year.

Total state budget expenditure in July 2024 is estimated at 152.6 trillion VND. Cumulative total state budget expenditure in the first seven months of 2024 is estimated at 948.3 trillion VND, equal to 44.7% of the annual estimate and up 0.6% over the same period last year./.

Thuc Anh

Ministry of Planning and Investment

Source: https://www.mpi.gov.vn/portal/Pages/2024-7-29/Von-dau-tu-thuc-hien-tu-nguon-ngan-sach-Nha-nuoc-t7aryok.aspx