PM orders sharp cut in State-funded projects, caps 2026–2030 total at 3,000
For 2026, the Government has allocated nearly 995.35 trillion VND in state budget investment, with about 85.6% already assigned as of January 7.
For 2026, the Government has allocated nearly 995.35 trillion VND in state budget investment, with about 85.6% already assigned as of January 7.
The Prime Minister underlined that public investment has consistently been identified as a key political task, with public investment disbursement results serving as one of the criteria for evaluating officials under Party regulations. Through state spending, public investment directly boosts aggregate demand and serves as an effective tool for regulating and stabilising the macroeconomy while safeguarding major economic balances.
Without a robust power grid and reliable supply contracts, electricity-intensive sectors such as electronics, semiconductors and data centres will struggle to develop as expected.
The National Assembly has targeted 10% GDP growth for 2026, a goal that demands enormous capital inflows.
The restructuring of the economy, particularly public investment, along with the financial and banking systems, has been identified as a critical solution to achieving double-digit growth in the next development phase.
The 2026 outlook stays broadly favourable, though a mix of risks and opportunities lies ahead.
Despite facing a dual shock - the combined impact of external headwinds and a historically severe spell of storms and flooding - Vietnam’s economy continued to strengthen in November and is positioned to accelerate towards its 2025 targets.
The Government meeting that reviewed the socio-economic situation in November and the first 11 months of 2025, a trade surplus of 20.53 billion USD recorded in the first 11 months, and Da Nang named Vietnam’s Smart City of 2025 are among news highlights on December 6 and 7.
The PM commended 12 ministries and central agencies and 20 localities for above-average performance, while criticising 22 ministries, sectors and central agencies as well as 12 localities for lagging behind.
Without concerted implementation of measures, meeting the 100% disbursement target for 2025 will remain highly challenging, said an official of the Finance Ministry.
The Deputy PM had a working session with representatives of the Standing Committee of the provincial Party Committee on November 18 to review business and production, public investment, import-export, infrastructure and social housing development, national target programmes, and the operation of the two-tier local governance model.
Vietnam’s total state budget revenue in 2025 is expected to exceed 2.38 quadrillion VND (90.34 billion USD), up nearly 17% from 2024.
National Assembly (NA) deputies on October 21 discussed in groups the implementation of the 2025 socio-economic development plan and the proposed plan for 2026, reviewing achievements, identifying intertwined challenges, and proposing key measures to sustain growth.
A nationwide conference on public investment promotion for 2025, the fourth such meeting this year, was held on October 18 under the chair of Prime Minister Pham Minh Chinh.
Prime Minister Pham Minh Chinh has emphasised the need for efforts to complete public investment disbursement by 100% for this year, with ministers, heads of sectors and leaders of localities promoting their leadership responsibilities, and relevant parties strengthening supervision, all for happiness of the people.
According to the Ministry of Finance, ensuring full disbursement of public investment capital in 2025 is key not only to achieving the targets of the national investment plan but also to driving economic growth.
Localities urged assistance in dealing with international loan agreement procedures, ODA disbursement mechanisms, and capital plan adjustments to ensure efficient use of public investment funds.
Vietnam, amid global uncertainty, is determined to boost growth through institutional reform and major investment in infrastructure. These are considered the two core pillars to achieving over 8% growth by 2025 and sustainable development beyond.
Improving the legal framework on e-commerce is crucial to better protecting consumers, preventing tax losses, and combatting counterfeit and low-quality goods traded online.
The third nationwide conference on public investment promotion, NA Chairman Tran Thanh Man's meetings with the Cambodian National Assembly President and the Timor-Leste National Parliament Speaker, and Vietnam ranking 44th among the 139 economies in the Global Innovation Index 2025 are among news highlights on September 17.