The public investment disbursed in 2021 has reached 77.3% of the target set by the Prime Minister, lower than the rate of 82.66% recorded last year, according to the Ministry of Finance (MoF).

Deputy Prime Minister Pham Binh Minh has asked ministries, sectors and localities to strictly follow the direction of the Government and the Prime Minister to achieve the highest disbursement rate in the remaining time of 2021 while ensuring the effectiveness of public investment projects.

Disbursement of investment capital sourced from State budget was estimated at VND48.5 trillion (US$2.13 billion) in November, up 14.7% over the previous month, according to the General Statistics Office (GSO).

Financing public investment to generate future growth and to speed up economic recovery post-COVID-19 remained Vietnam's most important challenge in the near future, said economists and policymakers.

Lawmakers adopted Resolution on economic restructuring plan for the 2021-2025 period with 460 out of 465 approval votes during the ongoing second session of the 15th legislature in Hanoi on November 12.

VOV.VN - A greater effort should be made to meet the Government’s ongoing dual goal of pandemic control and economic recovery amid complicated developments of the COVID-19 outbreak, said Prime Minister Pham Minh Chinh.

VOV.VN - The Mirae Asset Financial Group of the Republic of Korea has forecast the Vietnamese economy is likely to expand 4% in the fourth quarter of 2021 and 2.3% for the whole year after suffering a contraction of 6.17% in the third quarter due to the impact of the COVID-19 pandemic.

The Government Office has issued the Notice No.262/TB-VPCP dated October 5, 2021 on the Prime Minister’s conclusions at the nationwide teleconference with ministries, centrally-run agencies and localities on stepping up the disbursement of public investment capital this year.

The Vietnamese Government continues to consider official development assistance (ODA) as an important capital source and allocate part of it for socio-economic development in the mid-term public investment plan, said Permanent Deputy Prime Minister Pham Binh Minh.

The acceleration of investment in transport infrastructure is the main driving force fueling real estate stocks as many businesses with large land plots located in areas near key infrastructure projects will benefit from this process.