Hà Nội is currently in a critical phase of disbursing public investment, aiming to fully allocate funds to boost capital efficiency, speed up infrastructure development, and strengthen the city’s competitiveness.
The Vietnamese Government has initially planned to allocate more than VNĐ790 trillion (US$31.13 billion) for public investment in 2025, quite a large sum which, if approved, will put significant pressure on disbursement.
The Ministry of Transport plans to disburse a sum worth VNĐ75.824 trillion (US$3.03 billion) or 98.5 per cent of the allocated public investment this year, according to the ministry’s Department of Planning and Investment.
To achieve the economic growth target of 7.5 -8 per cent, HCM City''s departments are making efforts to remove bottlenecks in public investment disbursement.
According to the General Statistics Office (GSO), the disbursement of public investment from the State budget in the first five months of this year was estimated to reach VNĐ190.6 trillion (US$7.44 billion), equal to 26.6 per cent of the yearly target...
The Ministry of Planning and Investment has issued an official dispatch to push the disbursement of public disbursement, as progress remains slow across a number of ministries and localities.
The disbursement of public investment from the State budget in the first five months of this year was estimated to reach VNĐ190.6 trillion (US$7.44 billion), equal to 26.6 per cent of the yearly target.
The Ministry of Finance has announced the public investment disbursement in the two-month period with positive results, as both the total disbursed capital and the disbursement rate were higher than the same period last year.
Việt Nam is taking drastic measures to accelerate the disbursement of public investment in the remaining months, striving to fulfil the disbursement goal to a driver for economic growth.
It was critical to promote housing development, especially social housing projects, urban areas and transport infrastructure projects and speed up public investment disbursement to support the building materials markets.
Experts expect investment demand to increase thanks to this year’s public investment projects, boosting the growth of construction and building materials businesses
Analyst’s Pick: Besides making all-out efforts to have better preparation, heads of ministries and localities should be free of wariness and dare to take risks.
Public investment is an important and efficient solution to promote economic growth, improve the economy’s competitiveness, and draw investment inflow, especially in global uncertainties.