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Nine-month social investment growth lowest in 5 years: GSO

Total social investment in the first nine months of this year increased just 4.8 percent year-on-year to 1,445 trillion VND, the lowest pace during the 2016-2020 period, the General Statistics Office (GSO) revealed on September 29.
Nine-month social investment growth lowest in 5 years: GSO ảnh 1Illustrative image (Photo: VNA)
Hanoi (VNA) - Total social investment inthe first nine months of this year increased just 4.8 percent year-on-year to 1,445 trillion VND, thelowest pace during the 2016-2020 period, the General Statistics Office (GSO) revealedon September 29.

Of the figure, 484.8 trillion VND was sourced from the state sector, up 13.4 percent; 641.5 trillion VND came from the non-state sector, increasing by 2.8 percent; and 319.1 trillion VND was from the foreign direct investment sector, down 2.5 percent.
The COVID-19 pandemic has adversely impacted all production andbusiness activities, the office explained.

However, the disbursement of State budget capital duringSeptember and the first nine months were at their highest levels for five years,it said, attributing this to efforts made to step up such disbursement inorder to maintain economic growth given the pandemic has been largely containedin Vietnam.

According to the GSO, thanks to instructions from sectorsand agencies and community efforts, the daily life has been maintained withattention paid to social security.

In September and the third quarter, no localities facedpoverty, the office reported. The rate of household poverty dropped 75.5percent between January and September.

Up to 733.6 tonnes of rice was allocated to people in needwhile gifts worth over 9.4 trillion VND (406 million USD) were presented tosocial policy beneficiaries, national contributors, and other people in need.

More than 24 million health insurance cards andmedical books were also granted free-of-charge to social policy beneficiaries.

As of mid-September, more than 12.5 trillion VND hadbeen disbursed in support of those affected by COVID-19, the GSO said./.
VNA

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