Prime Minister orders full disbursement of public investment in 2025
Public investment should serve as a key driver of growth, acting as seed capital to catalyse and mobilise all social resources, thereby fostering economic expansion, creating jobs and livelihoods, and improving the material and spiritual well-being of the people, PM Pham Minh Chinh stated.
The Provincial Road 702 project, funded by public investment and connecting Bac Son commune of Khanh Hoa province with National Highway 1A, is nearing completion. (Photo: VNA)
Hanoi (VNA)💯 – Prime Minister Pham Minh Chinh has directed ministries, central agencies, and localities to ensure 100% disbursement of public investment capital in 2025, urging serious implementation of Government resolutions, directives, and instructions.
Chairing the third nationwide conference on public investment promotion in 2025, the PM pointed out certain problems during the application of the two-tier local administration model, shortcomings in project preparation, repeated adjustments to investment policies, delays due to officials' avoidance of responsibility, and lax coordination among agencies.
He emphasised that in the context of intertwinned opportunties and challenges, ministries, sectors, agencies, and localities must stay steadfast in keeping macro-economic stability, controlling inflation, promoting growth, and guaranteeing major economic balances.
The urgent requirement is to accelerate public investment with greater determination and efficiency, enhance its quality, and prevent corruption, misconduct, and wastefulness. Public investment should serve as a key driver of growth, acting as seed capital to catalyse and mobilise all social resources, thereby fostering economic expansion, creating jobs and livelihoods, and improving the material and spiritual well-being of the people, he went on.
Prime Minister Pham Minh Chinh chairs this year's third nationwide conference on public investment promotion on September 17. (Photo: VNA)
PM Chinh ordered agencies to urgently review and categorise projects by disbursement progress, set out monthly and quarterly schedules, and allocate the 38.4 trillion VND (1.45 billion USD) already assigned by the Government. Capital from slow-moving projects must be reallocated to those with strong disbursement capacity, while underperforming project investors, management boards, and contractors will face strict handling.
He also instructed ministries and localities to expedite site clearance, increase legal guidance, promptly report issues beyond their authority, and enhance the role of the PM’s working groups tasked with removing bottlenecks and promoting growth.
According to the Ministry of Finance, as of August 31, total disbursement nationwide reached 409.17 trillion VND, equal to 46.3% of the target set by the PM, higher than the 40.4% recorded in the same period last year. Central budget disbursement was 32.2% while local budget disbursement stood at 58.3%.
Eight ministries and central agencies, along with 22 localities, posted disbursement rates equal to or higher than the national average. Ho Chi Minh City (46.5%), Ninh Binh (90.1%), and Thai Nguyen (80.6%) were among those reporting higher-than-average rates. They also shared lessons and solutions to ensure all allocated funds are fully disbursed in 2025./.
Since the beginning of 2025, the Government and the PM have issued numerous instructions on this matter. As of the end of August, disbursement was estimated at 46.3% of the plan assigned by the Government leader, higher than the same period in 2024 (40.4%).
Chairing the September 10 meeting of Working Group No. 8, which monitors, addresses bottlenecks, and promotes public investment disbursement for six ministries and central agencies, Deputy PM Mai Van Chinh pointed out that their disbursement progress in August remained significantly lower than the average of other ministries, central agencies, and the nation as a whole.
Vietnam is ready to deepen economic cooperation with the Association of Southeast Asian Nations (ASEAN), China and other partners, embracing a strategy of “harmonised interests and shared risks” as it leverages its fast-growing economy and market of over 100 million people.
Tay Ninh, Nghe An and Quang Tri provinces have strategic locations and significant cooperation potential, said Nguyen Thi Thai Binh, Minister-Counsellor at the Vietnamese Embassy, expressing confidence that with creativity and determination, these provinces and their Korean partners will find ample opportunities for productive collaboration.
Jointly organised by the Vinexad National Trade Fair and Advertising JSC and Yorkers Exhibition Service Vietnam, the event features 1,200 booths of more than 650 exhibitors from 20 countries and territories, including Germany, India, Indonesia, Italy, Japan, the Republic of Korea, Singapore, Switzerland, Thailand, and the US.
An official of the Foreign Trade Agency laid stress on the foundational role of rules of origin in international trade, highlighting the importance of capacity building for enforcement officers in the context of deep international integration.
Against the backdrop of the growing comprehensive strategic partnership between Vietnam and Russia, the promotion and export of Vietnam’s agricultural products not only diversify supply sources for the Russian market but also help enhance the brand values and competitiveness of Vietnamese enterprises in the market that remains untapped.
International trade is no longer merely an exchange of goods but a strategic lever enabling Vietnamese enterprises to enhance capacity, secure partnerships, and expand globally.
In the first eight months of 2025, Vietnam’s total trade value reached nearly 600 billion USD, up 16.3% year on year. Of this, exports stood at 306 billion USD, a 14.8% increase, already surpassing the full-year target.
Vietnam aims to maintain macroeconomic stability, control inflation below the target, achieve growth of 8.3-8.5%, ensure major economic balances, surpass budget revenue estimates by 25%, and control public debt, government debt, foreign debt, and budget deficit.
Reaffirming Vietnam’s commitment to foreign investors, Finance Minister Nguyen Van Thang said government policies always aim to ensure transparency, fairness and a mutually beneficial environment that promotes innovation and safeguards investor rights, making Vietnam a sustainable and long-term investment destination.
The State Bank of Vietnam must launch an official gold price information portal, study the establishment of gold exchanges, and issue guiding documents to implement the Government’s decree on the management of gold trading activities.
According to the World Bank Group, Vietnam will need approximately 368 billion USD in investment for climate adaptation and carbon reduction projects by 2040. Yet, as of the end of 2024, green credit accounted for just 4.5% of the country’s total outstanding loans.
Amidst robust digital transformation across all sectors, the food processing industry has tapped such digital technologies as Internet of Things, AI, blockchain and Big Data to optimise production process, control supply chain, and meet consumers’ demands.
The French side pledged to share technical guidelines and safety standards, with the Institute for Radiological Protection and Nuclear Safety (IRSN) ready to provide training for Vietnamese specialists.
Vietnam now has more than 940,000 private enterprises and over 5 million household businesses, contributing approximately 50% of GDP, over 30% of state budget revenue, and employing 82% of the national workforce.
Businesses underlined the need for expanding green credit and non-collateral concessional loans for circular agriculture projects, facilitating their participation in national key projects, and fostering alliances among Vietnamese enterprises as well as cooperation with regional partners.
State-owned Vietcombank currently leads the banking system with total assets exceeding 85 billion USD and a market capitalisation of over 20 billion USD, while maintaining strong financial safety indicators. Its non-performing loan ratio remains the lowest in the sector at 0.97%.
Malaysia is Vietnam’s third-largest trading partner in ASEAN and ninth globally, as well as a key investor with 731 valid projects worth about 13 billion USD. Bilateral trade reached 9.23 billion USD by July 2025, up 8% year-on-year, nearing the 18 billion USD target.
