
Public investment may help Vietnam achieve GDP growth target: VinaCapital
A VinaCapital report highlighted the Government’s strong commitment to public investment disbursement this year.
A VinaCapital report highlighted the Government’s strong commitment to public investment disbursement this year.
Credit for the individual customer segment last year slowed, while GDP last year recorded a strong recovery and household income growth remained low.
Prime Minister Pham Minh Chinh said great efforts are needed to complete 3,000 kilometres of expressways nationwide this year. He also highlighted other targets like putting into operation such aviation projects as Long Thanh International Airport and Terminal 3 at Tan Son Nhat International Airport, as well as various seaports.
Statistics show that the disbursment of foreign direct investment was the highest in the last five years, coupled with a significant increase in Vietnam's investment abroad.
Son noted that Vietnam’s socio-economic situation in the first two months of 2025 has been highly positive, with macroeconomic stability maintained, inflation under control, and key economic balances ensured.
The resolution outlines a series of specific mechanisms and policies, including the mobilisation and allocation of investment capital; procedures for investing in urban rail projects and those based on the Transit-Oriented Development (TOD) model; the development of the rail industry, technology transfer, and workforce training; policies on construction materials and waste disposal; and specific regulations for HCM City.
Wastefulness remains popular, causing serious consequences: PM
The dispatch highlighted that the detailed allocation of the capital accounted for only 96.07% of the Government leader’s assigned target as of January 23, with some 84.84 trillion VND (3.32 billion USD) remaining unallocated across 26 central agencies and 48 localities.
As outlined in its recently released 2025 programme on thrift practice and wastefulness prevention, the ministry has emphasised prioritising resources for critical infrastructure development.
Secretary of the Quang Ninh Party Committee Vu Dai Thang emphasised that achieving this target would require Quang Ninh’s economy to reach approximately 395 trillion VND (15.4 billion USD) in 2025.
Deputy Prime Minister Tran Hong Ha has signed a decision to launch the comprehensive plan for urban and rural systems for the 2021-2030 period, with a vision to 2050.
Despite numerous challenges in 2024, Ho Chi Minh City's economy still record a commendable growth rate of 7.17%, heard a conference held on December 26 to review local socio-economic development achievements for 2024 and set the tasks for 2025.
The northern port city of Hai Phong disbursed about 13.5 trillion VND (531.6 million USD) of public investment capital in the first 11 months of this year, equal to 79.2% of the annual plan assigned by the Prime Minister and 64.2% of its own target, according to the Ministry of Finance.
The 40th session of the National Assembly (NA) Standing Committee opened in Hanoi on December 10.
Prime Minister Pham Minh Chinh on December 1 signed an official dispatch demanding ministries, sectors, and localities to promote thrift practice and wastefulness combat.
The 15th National Assembly (NA) on November 29 afternoon passed the revised Law on Public Investment with 441 out of 448 deputies voting in favour.
Vietnam spent 10.48 billion USD to import nearly 15 million tonnes of steel in the first 10 months of this year, an additional concern of the domestic industry which is struggling to compete with the flood of cheap steel.
The National Assembly (NA) on November 12 adopted a resolution on the socio-economic development plan for 2025, targeting a gross domestic product (GDP) growth rate of 6.5 - 7%.
GDP growth, public investment, power supply, innovation, and human resources training were among the issues highlighted by Prime Minister Pham Minh Chinh while addressing legislators on November 12, part of the ongoing 8th session of the 15th National Assembly (NA).
The Ministry of Planning and Investment is working with other ministries, sectors and localities to take drastic measures to complete this year's target of disbursing 95% of allocated public investment, its Deputy Minister Tran Quoc Phuong told the Government’s regular press conference on November 9.