Accelerating public investment disbursement is critical to sustaining Vietnam’s economic momentum and completing 2025 goals.

VOV.VN - Prime Minister Pham Minh urged ministries, sectors, and localities to accelerate the completion of national key projects while chairing a national teleconference on June 22 in Hanoi to review progress in eradicating substandard housing, advancing major transport initiatives, and speeding up public investment disbursement.

Vietnam’s public investment efforts are gaining significant results, with total capital disbursed from the beginning of 2025 through May 31 estimated at VND199.33 trillion (US$7.65 billion), according to a new report from the Ministry of Finance (MoF).

To achieve its ambitious goal of high-income status by 2045, Vietnam needs to deepen the sweeping institutional reforms that are underway and promote greener development, according to two new World Bank reports released on May 22.

VOV.VN - Prime Minister Pham Minh Chinh, while chairing a Government meeting on public investment in Hanoi on May 20, asked ministries, sectors, and localities to identify bottlenecks and take responsibility for underperformance, in an attempt to accelerate public investment disbursement.

Deputy Prime Minister Tran Hong Ha urged ministries, sectors, and localities to identify and resolve bottlenecks hindering the disbursement of public investment capital while presiding over a meeting of the Prime Minister’s task force No.2 on the work in Hanoi on May 7.

A 40% increase in infrastructure investment that the Vietnamese Government is now planning would add approximately 2 percentage points to Vietnam’s 2025 GDP growth - if the Government manages to hit its disbursement targets this year, according to Michael Kokalari, chief economist at VinaCapital.

Prime Minister Pham Minh Chinh on March 1 signed Directive No. 05/CT-TTg outlining key tasks and breakthrough solutions to drive economic growth and accelerate public investment disbursement, ensuring that Vietnam’s GDP growth reaches at least 8% in 2025.

VOV.VN - Prime Minister Pham Minh Chinh chaired the first meeting of the National Steering Committee for Wastefulness Prevention and Control in Hanoi on February 25 to review work, complete the organisational structure, and work out a plan of action.

Ten laws will come into effect from January 1, 2025, including the Law on Road Traffic Order and Safety; the Law on Roads; the Capital Law; the Law on Public Investment; and the revised Law on Organisation of People's Courts.