National conference on public investment promotion held

A national conference on public investment promotion – the 4th one since the beginning of this year, was held on October 18 under the chair of Prime Minister Pham Minh Chinh.

The event held in person at the Government's headquarters and connected online to all 34 provinces and cities nationwide.

Addressing the conference, the PM urged relevant ministries, agencies, sectors and localities to take stronger measures to accelerate public investment disbursement, in order to boost socio-economic growth and improve people's living conditions.

The PM underlined that to achieve economic growth of over 8% in 2025 and create momentum for double-digit growth in the following years, investment, especially public investment, with its role as a key growth driver, must be stronger accelerated.

According to PM Chinh, public investment capital for this term has risen by 55%  compared to the previous term; and for 2025 alone, the total capital  stood at approximately VND1.11 quadrillion (more than $42.2 billion).

The PM said that the Government is striving for 100%  disbursement to help spur growth and development.

However, the disbursement remains lower than expectation.

As of October 16,  the disbursed capital had reached VND455 trillion (more than $17.32 billion), equivalent to 50.7%  of the annual plan, with 29 central agencies and 18 localities recording disbursement rates under the national average.

 l urged all ministries, agencies, sectors and localities to review and assess disbursement results, identify the causes of delays, and clarify responsibilities, avoiding any buck-passing or evasion of accountability.

According to a report from the Ministry of Finance, the 2025 State budget investment plan totals over VND897 trillion (more than $34.1 billion), of which more than VND871 trillion (97.1 per cent) has been allocated. The remaining VND26.2 trillion has yet to be distributed in detail. As of mid-October, nine ministries and 16 localities had disbursement rates above the national average.

The Ministry of Finance also reported that since early this year,  over 455km of new expressways have been completed, while construction on  364km more has begun, aiming to achieve the goal of over 3,000km by the end of the year.