#public investment

Public investment is a decisive growth lever for 2026, provided that implementation is carried out in a more proactive, disciplined and results-oriented manner from the outset.

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.

Prime Minister Pham Minh Chinh on February 1 chaired the Government’s regular meeting to review the socio-economic situation in January, the allocation and disbursement of public investment, and the implementation of national target programmes.

Prime Minister Pham Minh Chinh has requested ministries and sectors speed up administrative reform and disbursement of public investment, towards promoting economic activities to create jobs and livelihoods for people.

PSNews - Public investment will be another key driver for economic recovery and growth in 2023 and 2024, according to Principal Country Economist for Vietnam Nguyen Minh Cuong. He said Vietnam can still achieve its growth target if it implements three key breakthroughs.

Prime Minister Nguyen Xuan Phuc has asked ministries, ministry-level and central agencies as well as centrally-run localities to make middle-term plans for public investment in 2021-2025.

Deputy Prime Minister Vuong Dinh Hue recently requested that ministries, sectors, and localities speed up the allocation of public investment, amid the slow disbursement of public investment in the first two months of 2019.

In an article issued on the first day of 2019, Prime Minister Nguyen Xuan Phuc laid out six major tasks that ministries, agencies, sectors and localities must focus on throughout the year.