Vietnam’s real GDP would grow by 2.6% in 2020 and hit an 8.2% rebound next year, Fitch Solutions has forecast.

Construction on three component projects of the North-South Expressway are scheduled to begin on September 30.

The State Audit Office of Vietnam (SAV) held a workshop in Hanoi on September 22 to discuss measures to boost the effectiveness of public investment disbursement and the role of State audits.

Ministers and leaders of People’s Committees of cities and provinces nationwide are required to remove difficulties and promote the disbursement of public investment as well as production, business and consumption.

Problems remain in the implementation of Hanoi’s middle-term public investment plan for the 2016-2020 period, Vice Chairwoman of the municipal People’s Council Phung Thi Hong Ha said.

Public investment in August and the first eight months of this year increased 45.4% and 30.4% year-on-year, respectively, according to the General Statistics Office (GSO).

Minister of Planning and Investment Nguyen Chi Dung urged localities on August 26 to not use Official Development Assistance (ODA) loans next year for projects where funding can be mobilised from the private sector or domestic sources.

VOV.VN - Despite the negative impact of the COVID-19 pandemic, Vietnam’s inflation for 2020 is projected to fall between 3.5-3.9% to ensure social security and stabilise local people's lives, experts say.

VOV.VN - Sanctions are set to be imposed on localities that fail to meet this year’s public investment disbursement target, Prime Minister Nguyen Xuan Phuc stated on August 21 during an online conference in Hanoi.

Relevant agencies need to take drastic and concerted actions and quickly remove barriers and difficulties to speed up the disbursement of public investment, Minister of Planning and Investment Nguyen Chi Dung has said.