Vietnam plans to outlay VND2.87 quadrillion (US$124.5 billion) on public investment in the 2021-2025 period, up VND120 trillion compared to the previous estimate.

The disbursement of public investment sourced from the State budget in April was estimated at VND30.4 trillion (US$1.32 billion), a year-on-year surge of 23.9%, and reaching the highest monthly level since 2017, according to the General Statistics Office.

Chairman of the National Assembly (NA) Vuong Dinh Hue had a working session with the parliament’s Committee for Financial and Budgetary Affairs in Hanoi on April 22, highlighting the committee’s significant contributions to the success of the 14th NA.

The Government needs to immediately start working to promote progress and results it has achieved, said Prime Minister Pham Minh Chinh while chairing a Government meeting on April 15, the first since new Cabinet members were elected at the 11th session of the 14th National Assembly earlier this month.

The Vietnamese economy continues to face many difficulties in the following quarters and the target of a 6.5% growth rate this year will be a great challenge as the global economy is still affected by the COVID-19 pandemic, head of the General Statistics Office (GSO) Nguyen Thi Huong has stated.

Vietnam’s airport development planning should give top priority to key projects with stringent standards put in place for project approval, State management agencies and aviation insiders have said.

The Ministry of Transport is striving to have 5,000 km of expressway by 2030 and over 9,000 km by 2050, according to Minister Nguyen Van The.

Public investment disbursement has been accelerated since the opening days of the year as it continues to be seen as an important driving force of economic growth this year, the Dau tu (Vietnam Investment Review) newspaper reported.

Speeding up the disbursement of public investment from the start of this year was an important solution to accelerate economic recovery amid the COVID-19 pandemic, Minister of Finance Dinh Tien Dung has said.

Minister of Planning and Investment Nguyen Chi Dung has asked ministries, central agencies, and localities to continue applying measures to speed up the disbursement of public investment capital, with the aim of completing 90% of disbursement planned for 2021 by the fourth quarter of the year.