Industrial Investment Reaches US$1.98Bln in Jan-April
Investments for Vietnam’s industrial projects in the first four months this year hit over VND31.7 trillion (1.98 billion), making up 26.3 per cent of the year’s estimation, said the Ministry of Industry (MoI).
Of the total, groups and Corporations 91 topped the list with projects costing VND31.2 trillion (US$1.95 billion); followed by Corporations 90 and independent companies with VND483 billion (US$30.18 million) and other firms with VND32 billion (US$2 million).
Projects mainly focused on major national works such as Son La hydropower plant, PM3-Ca Mau gas pipeline and Dung Quat refinery.
However, MoI noted ineffective utilization of finances and slow capital disbursement as problem areas.
The ministry instructed units to speed up progress on major national projects, particularly power line maintenance, to ensure electricity provision in the dry season.
MoI asked corporations and groups to intensify decentralization of responsibility to investors, and to actively call for and lure investment for the sector.
Vietnam’s industrial production is estimated to increase 16.7 per cent in terms of the value, reaching VND176.88 trillion (US$11 billion), in the first four months this year, reported the General Statistics Office (GSO). (Vietnam & World Economy, Vietnam Panorama)
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