Vietnam is speeding up public investment disbursement to push growth, after going through difficult times due to the severe economic impact of Typhoon Yagi.

Provinces, ministries and government agencies had allocated VND664.9 trillion (US$26.7 billion) for public investment as of the end of September, showed data from the Ministry of Finance (MoF).

VOV.VN - The National Assembly Standing Committee that comprises key lawmakers of the legislature will discuss many bills in a new meeting that is due to open in Hanoi on October 7.

VOV.VN - Vietnam’s industrial production remains on an upward trajectory, with the index of industrial production (IIP) over the past eight months estimated to rise by 8.6% over the same period last year, the General Statistics Office (GSO) reported.

After several rounds of feedback from ministries, sectors, and experts, the Ministry of Transport is finalising the proposal for the construction of the North-South high-speed railway, as the funding plan for the project has shown positive signs, Deputy Minister of Transport Nguyen Danh Huy has said.

The Ministry of Transport (MoT) is planning to upgrade and expand Con Dao airport so it can land bigger planes.

VOV.VN - Prime Minister Pham Minh Chinh underlined the need to clarify causes and bottlenecks leading to the slow disbursement of investment capital while chairing a conference aimed at promoting public investment in 2024 held on July 16 in Hanoi.

VOV.VN - It is expected that Vietnam will no longer offer tax incentives such as corporate income tax exemption and reduction as of 2025 in a bid to improve the capacity of public finance for infrastructure investment, said Minister of Finance Ho Duc Phoc.

The Government has proposed the National Assembly (NA) allow the use of VND18.22 trillion (US$715.6 million) sourced from the increased sum of the 2023 central budget collection for 14 public investment projects.

The disbursement of public investment from the State budget in the first five months of this year was estimated to reach VND190.6 trillion (US$7.44 billion), equal to 26.6% of the yearly target and 5% higher than the same period last year, according to the General Statistics Office (GSO).