Amid the global economic recession, Vietnam’s industrial growth in 2023 may experience a slight decline, but agricultural output is expected to increase modestly, according to experts.

Minister of Planning and Investment Nguyen Chi Dung on May 23 told the National Assembly (NA) that the socio-economic recovery and development programme has created a new development space, new motivation and new capacity for industries, fields and localities, making an important contribution to the country's economic growth, recovery and development.

Almost VND53.9 trillion (US$2.29 billion) in state capital was saved in 2022 as reported by ministries, sectors, and localities, according to the Government.

VOV.VN - The acceleration of public investment disbursement could support aggregate demand and economic growth over the short term, while investments made in human capital and green infrastructure will bolster long term economic development, according to the World Bank (WB).

Deputy Prime Minister Tran Hong Ha has asked ministries and central agencies to work closely with localities to remove obstacles for particular projects, thus speeding up public investment disbursement.

Deputy Prime Minister Le Minh Khai has emphasised the need to clear all roadblocks and clarify the responsibilities of the persons concerned to accelerate public investment disbursement.

A total of 16,377ha of land will be used for railway projects in the period through 2030, an increase of 5,644ha compared to today.

The steel market is likely to recover in the third and fourth quarters of this year thanks to augmented efforts to disburse public investment and credit packages for social housing projects, along with positive signs of the Vietnamese economy, said Vice Chairman of the Vietnam Steel Association (VSA) Doan Danh Tuan.

Prime Minister Pham Minh Chinh requested Ho Chi Minh City to make greater efforts to accelerate the disbursement of public investment while visiting and inspecting construction sites of several transport and health projects in the southern largest economic hub on April 15 afternoon.

Deputy Prime Minister Le Minh Khai on April 13 ordered tightening discipline in the disbursement of public investment capital, stating that it is the responsibility of ministries and agencies’ leaders.