Minister of Planning and Investment Nguyen Chi Dung has said low disbursement of public investment capital amid the COVID-19 pandemic could waste resources and result in the loss of opportunities to create a driving force for economic development.
Economic experts have emphasised the need to have a new impetus to improve economic growth in the remaining months of 2021 towards realising the growth target for the year set by the Government and the National Assembly.
Fundamental factors that help the Vietnamese economy respond to current challenges, especially the impacts of COVID-19, were discussed in an article by senior journalist Cameron Cooper published on the intheblack.com business news site of Australia.
Despite struggling to cope with a COVID-19 resurgence, Ho Chi Minh City managed to achieve positive economic growth in the first seven months of the year, according to the city Statistics Office.
Public investment will focus on important and key industries and sectors of the economy, of which economic sectors account for more than 71%.
Ngo Dang Khoa, country director of foreign exchange and capital markets at HSBC Vietnam, has suggested three challenges that the Vietnamese economy would face in the second half of this year.
Though exports remain strong, several sectors face difficulties due to the COVID-19 pandemic and require support from the Government if they are to sustain the growth, experts said.
Vietnam wants to become a bridge to help the International Organisation of La Francophonie (OIF) enhance its role in the region and develop for the sake of peace and stability, Vietnamese Representative of the State President to the Permanent Council of the Francophonie (CPF) Dinh Toan Thang said.
The disbursement of public investment must be sped up in the second half of this year as an important solution to accelerate economic growth amid the COVID-19 pandemic, according to the Ministry of Planning and Investment.
The Ministry of Planning and Investment (MoPI) has devised two growth scenarios for the second half of 2021, said Deputy Minister Tran Quoc Phuong.