Disbursed investment capital during the period from the state budget reached 20.1 per cent of the yearly plan—up by 5.9 per cent YoY, while disbursed foreign direct investment (FDI) reached $6.28 billion—up by 7.4 per cent YoY.
This capital injection acts as a catalyst to activate and attract more investment from the private sector.
The country’s import-export revenue reached $238.88 billion during the period, with trade surplus reaching $8.4 billion, higher than the $7.66 billion recorded in the same period last year. The export turnover alone hit $123.6 billion—up by 15 per cent YoY.
While inflation continues to be effectively controlled, an increase in the VND-USD exchange rate that creates inflationary pressure and can inhibit economic growth is a problem.
Therefore, the domestic economy is forecast to maintain the recovery process in the second quarter this year, but be slow to make a strong breakthrough as desired, a domestic news outlet reported.
ALCHEMPro News Desk (DS)
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