To achieve its ambitious goal of high-income status by 2045, Vietnam needs to deepen the sweeping institutional reforms that are underway and promote greener development, according to two new World Bank reports released on May 22.

VOV.VN - Prime Minister Pham Minh Chinh, while chairing a Government meeting on public investment in Hanoi on May 20, asked ministries, sectors, and localities to identify bottlenecks and take responsibility for underperformance, in an attempt to accelerate public investment disbursement.

Deputy Prime Minister Tran Hong Ha urged ministries, sectors, and localities to identify and resolve bottlenecks hindering the disbursement of public investment capital while presiding over a meeting of the Prime Minister’s task force No.2 on the work in Hanoi on May 7.

A 40% increase in infrastructure investment that the Vietnamese Government is now planning would add approximately 2 percentage points to Vietnam’s 2025 GDP growth - if the Government manages to hit its disbursement targets this year, according to Michael Kokalari, chief economist at VinaCapital.

Prime Minister Pham Minh Chinh on March 1 signed Directive No. 05/CT-TTg outlining key tasks and breakthrough solutions to drive economic growth and accelerate public investment disbursement, ensuring that Vietnam’s GDP growth reaches at least 8% in 2025.

VOV.VN - Prime Minister Pham Minh Chinh chaired the first meeting of the National Steering Committee for Wastefulness Prevention and Control in Hanoi on February 25 to review work, complete the organisational structure, and work out a plan of action.

Ten laws will come into effect from January 1, 2025, including the Law on Road Traffic Order and Safety; the Law on Roads; the Capital Law; the Law on Public Investment; and the revised Law on Organisation of People's Courts.

VOV.VN - The Prime Minister outlined several key directions for the Ministry of Planning and Investment (MPI) to achieve its core objectives in 2025 amidst the ongoing complexities and challenges in the global and regional contexts, at a year-end review meeting of the MPI in Hanoi on December 28.

VOV.VN - By the end of the year the disbursement rate for public investment capital sourced from foreign loans allocated to ministries, sectors, and localities has only met about one third of the overall plan.

VOV.VN - Prime Minister Pham Minh Chinh has issued a directive outlining key measures to boost economic growth in 2025, with the aim of securing a GDP growth rate of over 8%.