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Update news public investment
Vietnam's government is directing state utility EVN to review costs and identify savings that could allow a 2% cut in retail electricity prices through March 31, 2027, Deputy Prime Minister Nguyen Van Thang said.
Vietnam expects to complete the remaining 13km of the 2,656.5km Ho Chi Minh Highway in early 2027, paving the way for the formal conclusion of its two-lane construction phase and future upgrades to expressway standards.
Vietnam is pushing nine provinces and cities to achieve economic growth of more than 15% in the fourth quarter of 2026.
Vietnam's government has proposed a 2027 state budget with revenue of nearly $128.2 billion and spending of $156.7 billion, sharply increasing the share allocated to development investment as it targets economic growth of at least 10%.
To achieve GDP growth of at least 10% in 2026, Vietnam must accelerate public investment, remove obstacles facing private projects and stimulate consumer spending without compromising macroeconomic stability, experts say.
Hanoi and Ho Chi Minh City are accelerating, strengthening Vietnam's push for higher economic growth. But the final quarter of 2026 will require substantial investment, faster project implementation and relief from rising business costs.
Vietnam's economy gained momentum in the first nine months of 2026, led by Hanoi and Ho Chi Minh City. But meeting ambitious year-end growth targets will require more investment, faster project execution and relief from rising business costs.
Vietnam's largest city plans to use offshore sand for infrastructure construction and allow deeper quarrying as a severe shortage of filling materials threatens to slow public investment projects.
VN's economy expanded 9.01% in the first 9 months of 2026, far outpacing the 2.9% global growth forecast for the year. Reaching its full-year target of at least 10% will require a strong final quarter, with public investment playing a crucial role.
National Assembly Chairman Tran Thanh Man has called for more rigorous evaluation of nationally important investment projects, urging lawmakers to minimize the need for investment adjustments or requests for additional funding during implementation.
The acceleration of disbursement, coupled with improving the efficiency of public investment management, is identified as a key task to fulfill a dual goal of promoting economic growth and social investment capital utilisation.
Hanoi has significantly accelerated the disbursement of public investment capital in recent months, reinforcing its role as a key engine of economic growth and laying the groundwork for the capital city's development targets.
Provincial authorities have been urged to strengthen anti-corruption oversight while making the fight against waste a central priority.
Vietnam's government has directed authorities to reorganize and adjust commune-level administrative units in line with the Politburo's policy to improve the efficiency of the country's two-tier local government system.
Vietnam's State Treasury has collected nearly two-thirds of its planned annual budget revenue while continuing to accelerate public investment disbursement.
Vietnam’s state budget revenue surpassed VND1.42 quadrillion by mid-June, while public investment disbursement remained below one-quarter of the annual target.
With businesses seeking billions of dollars, banks raising deposit rates and the government accelerating infrastructure spending, Vietnam is entering an unprecedented competition for capital.
Vietnam disbursed nearly 219.36 trillion VND (8.3 billion USD) in public investment capital during the first five months of 2026, equivalent to 21.6% of the plan assigned by the Prime Minister, according to the Ministry of Finance (MoF).
PM Le Minh Hung on April 24 called for stronger action against fragmented public investment, while stressing greater accountability among leaders to ensure 100% disbursement of public investment capital as planned.
Public investment disbursement nationwide was estimated at 110 trillion VND (4.23 billion USD) as of the late March, or 11% of the Government-assigned capital plan, the Finance Ministry told its quarterly press briefing in Hanoi on April 9.