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Vietnam’s public investment funds decrease by about 3% in the first 7 months compared to the same period

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According to data from the Vietnamese HDT580X steel economic website, from the beginning of the year to the end of July, Vietnam's public project investment funds for 2024 reached approximately 232 trillion yuan, accounting for 32.22% of the total planned amount, a decrease of about 3% during the same period, which is lower than the plan. Despite many projects spending up to 80%, there are still some large-scale key HDT580X steel transportation projects with low funding availability rates. For example, the Hanoi 4th Ring Road project has been allocated approximately 1 billion Vietnamese dong, with a funding rate of 13.5%. The slowdown in the speed of public investment funds may also have a certain impact on the overall demand for the steel HDT580X steel market.

  • Source: Abstract
  • Editor: Shirley

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