A key issue affecting public investment firms is the slow progress in land clearance and capital disbursement. Delays in land clearance, often due to compensation issues and the risk of cost escalation, pose significant challenges.
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.
Data from the Ministry of Finance showed that as of the end of September this year, ministries, government agencies and local areas had allocated VNĐ664.9 trillion (US$26.7 billion) for public investment.
Prime Minister Phạm Minh Chính on October 8 signed an official dispatch, urging relevant authorities to accelerate the disbursement of public investment in the remaining months of this year.
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 disbursement of Việt Nam''s public investment using foreign funds remains low, at just over 8.5 per cent, said Võ Hưu Hiền, deputy director of the Ministry of Finance''s (MoF) debt management department.
The amended Land Law and newly-approved Law on Real Estate Business will positively impact real estate market recovery and facilitate the rebound of the local construction materials market.
Positive inflows of foreign direct investment (FDI) and remittances, a sustained trade surplus, recoveries in domestic consumption, and continued fiscal stimulus characterised by substantial public investment are seen as key to boosting growth in 2024.