PM orders urgent reviews, reports of delayed investment projects

The dispatch highlights that ministries, sectors, and localities involved must intensify their efforts to resolve these stalled investment projects in a bid to accelerate socio-economic development and prevent waste of state, business, and public resources.

The second branch of the Vietnam-Germany Friendship Hospital – a project deemed causing massive waste (Illustrative Image - Source: VNA)
The second branch of the Vietnam-Germany Friendship Hospital – a project deemed causing massive waste (Illustrative Image - Source: VNA)

Hanoi (VNA) – Prime Minister Pham Minh Chinh has issued an official dispatch calling for a swift update of reviews and reports about projects facing long-standing difficulties on the national public investment database.

The dispatch highlights that ministries, sectors, and localities involved must intensify their efforts to resolve these stalled investment projects in a bid to accelerate socio-economic development and prevent waste of state, business, and public resources.

To facilitate this, the PM established a steering committee for reviewing and resolving related obstacles, which is chaired by Standing Deputy PM Nguyen Hoa Binh. At a meeting of the committee on March 30, the Government leader tasked the Ministry of Finance with developing a centralised database and guiding ministries, central agencies, and localities on data entry and reporting procedures for problematic projects.

pham-minh-chinh-pm-vna.jpg
Prime Minister Pham Minh Chinh (Photo: VNA)

According to the dispatch, all previously reported projects must be entered into the system by March 25, with additional cases submitted by April 10.

After this deadline, the database will no longer accept new entries. Ministers, heads of ministerial-level and government agencies, and provincial and municipal leaders who fail to update project information will be deemed to have no further issues requiring higher-level intervention and will bear full responsibility before the Government, the PM, and the law for any omissions or incomplete reporting./.

VNA

See more

Passengers board a Vietnam Airlines flight (Photo: VNA)

Vietnamese aviation industry takes off

According to the Civil Aviation Authority of Vietnam (CAAV), in the first half of 2025, Vietnam's aviation industry served 41.3 million passengers, representing a 10% increase compared to the same period in 2024. Notably, the international market accounted for 23 million passengers, up by 13%, while the domestic maintained a steady 7% growth with 18.4 million passengers.

Illustrative photo (Source: VNA)

Vietnam telecom giants step up 5G commercialisation, expansion

The country’s three major network providers – Viettel, VNPT and MobiFone – have so far deployed around 11,000 5G base stations, equivalent to 7.7% of existing 4G stations. These stations now cover all provinces and cities, reaching approximately 26% of the population.

The Thai Binh 2 Thermal Power Plant in Hung Yen province. (Photo courtesy of Petrovietnam)

Thai Binh 2 power plant beats H1 targets, braces for tough H2

According to the plant’s mid-year report, electricity output reached an estimated 3.79 billion kWh, achieving 115% of the target. Revenue was estimated at nearly 7.74 trillion VND (296.1 million USD), 13% above the plan, while post-tax profit was roughly 58 billion VND, thereby reducing planned losses by 114% (equivalent to 461 billion VND).

Vietnamese mango grows into global premium markets

Vietnamese mango grows into global premium markets

To enhance the value chain of speciality fruit commodities with its competitive advantages, Tien Giang province is operating the Hoa Loc mango production–consumption chain project for 2020-2025 with a vision towards 2030.

Prime Minister Pham Minh Chinh meets a representative of Vale, a multinational group specialising in metals, mining, and logistics, in Brazil's Rio de Janeiro city on July 7 (local time). (Photo: VNA)

PM meets Brazilian corporations in Rio de Janeiro

At these meetings, the PM highlighted Vietnam’s current landscape, key development priorities, and its favourable investment and business environment. He also underscored the strong friendship between Vietnam and Brazil, particularly following the upgrade of bilateral ties to a Strategic Partnership in November 2024.

Civil servants and citizens at a taxation office in Hanoi. (Photo: VNA)

Hanoi’s budget revenue surges in H1

The surge was largely driven by domestic revenue, which reached 373.9 trillion VND, meeting 77.5% of the yearly projection and rising 52.7% year-on-year.

Chief Executive Officer of Prudential Vietnam Kevin Joong Kwon (Photo: Courtesy of Prudential Vietnam)

Prudential Vietnam has new chief executive officer

With over 25 years of experience in the life insurance and financial services industry across Asia, Kwon brings a strong track record of driving growth, operational excellence, and customer-centric innovation.

Passengers on the inaugural Hanoi- Xi’an flight. (Photo: Vietjet)

Vietjet inaugurates Hanoi- China’s Xi’an route

The service departs from Hanoi at 9:25 pm every Monday, Wednesday, Friday, and Sunday, and arrives in Xi’an at 1:10 am the following day. The return flight leaves Xi’an at 2:10 am every Monday, Tuesday, Thursday, and Saturday, and lands in Hanoi at 4:10 am (local time).

An overview of the Vietnam – Bulgaria business networking event (Photo: VNA)

Vietnamese, Bulgarian businesses seek stronger partnership

A Vietnam–Bulgaria business networking event has been held at the Trakia Economic Zone (TEZ) headquarters in Plovdiv, Bulgaria’s second-largest city, aiming to strengthen trade ties and support Vietnamese businesses in accessing the Bulgarian market.

Illustrative image (Photo: VNA)

PM asks for enhanced efficiency in managing monetary, fiscal policies

Regarding the monetary policy, the PM tasked the State Bank of Vietnam (SBV) with coordinating with relevant agencies to closely monitor global and domestic economic developments and proactively, flexibly, and effectively manage the monetary policy in line with macroeconomic conditions and monetary policy objectives, as outlined in the Government’s Resolution No. 154/NQ-CP dated May 31, 2025, regular cabinet meetings’ resolutions, and the PM’s directives.

Dong Tam’s brick factory in Long An province. (Photo: vnexpress.net)

Production projected to rebound in Q3

Findings from a recent business sentiment survey conducted by the NSO under the Ministry of Finance show that 37.3% of businesses expect better performance in Q3, while 43.5% forecast steady operations.