VOV.VN - Vietnam needs to pool all resources and bring into full play growth drivers in 2024 to meet the Government set target of achieving a GDP growth rate of 6-6.5%, said experts.

The disbursement of public investment in 2023 was projected to reach 95% of the plan, equivalent to nearly VND676 trillion (over US$27 billion), marking the record high so far, according to Deputy Minister of Planning and Investment Tran Quoc Phuong.

VOV.VN - Public investment disbursement must be hastened in more than a month’s time till the end of the year to support the national economy that is struggling hard to overcome local and global difficulties, heard a conference held in Hanoi on November 27.

Ho Chi Minh City's economy continues to maintain positive growth momentum, driven by industrial production, domestic consumption, and stable supply and demand, heard a meeting of the municipal People’s Committee on October 30.

The structure of public investment capital in the last few years has changed in line with Vietnam’s economic reforms, boosting the restructuring of industries, and regions as well as balancing socio-economic development and social welfare, said Minister of Planning and Investment Nguyen Chi Dung.

VOV.VN - Public investment is projected to be an engine for Vietnamese economic growth amid global headwinds challenging the country’s growth target of 6.5%, according to experts.

Vietnam’s maintaining the momentum of public investment will be crucial because it will rejuvenate economic activities, generate employment, and enhance domestic consumption, said ADB Country Director for Vietnam Shantanu Chakraborty.

The 27th session of the National Assembly (NA) Standing Committee opened on October 11.

Experts have emphasised the need for Vietnam to exert great efforts in the last three months in order to reach the yearly growth target of 6%.

Amidst global headwinds, Vietnam has worked to step up disbursement of public capital to bolster the economy as Prime Minister Pham Minh Chinh has reiterated the significance of public investment disbursement as a motive to fuel economic growth in short term as well as put in place uniform and modern infrastructure to lure more investment for sustainable development.