Topic: capital

Disbursement of public investment capital has seen positive signs but remains tardy. Some VND35 trillion ($1.43 billion) was disbursed in the first nine months of this year, an increase of 16 per cent year-on-year and equal to 46.7 per cent of the 2022 plan assigned by Prime Minister Pham Minh Chinh. He has now requested that ministries, central agencies, and localities implement solutions set out in resolutions from regular government meetings and guiding documents from government leaders on disbursement this year.

Capital demand for green growth is quite large and long-term, so the burden of provision should not be put solely on the shoulders of the banking sector. According to Deputy Governor of the State Bank of Vietnam Pham Thanh Ha, “In the 2021-2030 period, to realize green growth, the government will focus on promoting resources from commercial loans and private investment such as green credit and green corporate bonds.”

Ministry of Planning and Investment releases report detailing investments overseas by Vietnamese companies in the first nine months of the year.

Southern Binh Phuoc province attracted 70 FDI projects last year with total capital of $600 million, bringing its total to 346 FDI projects with more than $3.579 billion in capital. With such achievements, Binh Phuoc has been promoting itself as a “magnet” for FDI. It also continues to boost the development of industrial parks, which not only has a positive effect on changes to its economic structure and resolves job needs, but also grows the local budget.

Hai Phong city has been assigned a public investment capital plan for 2022 of nearly VND13 trillion ($550.4 million) by the Prime Minister. It plans to disburse 70.2 per cent by the end of September, and has committed to disbursing 100 per cent by January 31, 2023.

Though newly-registered FDI is still to recover to pre-pandemic levels, additional capital and capital contributions and share purchases continued to increase in the first nine months of 2022.

Deputy Prime Minister Le Van Thanh has signed Decision No. 1119/QD-TTg approving the investment policy on construction and infrastructure business at the Dong Soc Industrial Park in northern Vinh Phuc province, with the Vinh Phuc Trading Investment Company being the project investor. The project sits on 206,560 ha straddling Van Xuan commune, Vu Di commune, and Tu Trung town in Vinh Tuong district. Total investment is VND2.238 trillion ($94.85 million), including VND335.718 billion ($14.21 million) contributed by the investor and VND1.902 trillion ($80.64 million) mobilized from other sources.

Northern Bac Giang province will focus on removing obstacles and improving the operational efficiency of local State-owned enterprises (SOEs) until the end of the year. In the first eight months, the province had 991 newly-established enterprises, up 14.3 per cent year-on-year, with registered capital of VND22.998 trillion ($970.46 million), up 30.4 per cent.

The recovery of the tourism sector is driving greater expectations surrounding resort real estate. However, according to a DKRA report, resort real estate will be influenced by the gloomy nature of the country’s real estate market as capital becomes more limited than previously.

Tourism is recovering, making resort real estate expectations more vibrant. However, according to DKRA's report, resort real estate (tourism) also follows the gloomy "wave" of the real estate market when the capital for this field is more limited than before.