Ho Chi Minh City wants to promote innovation and multi-national cooperation, and calls for public investment in order to shift to a greener and more sustainable economy, a local official has said.

VOV.VN - The government has proposed using more than VND63 trillion from contingency fund of the 2021-2025 public investment sourced from the 2022 increased budget revenue for development projects, with most of the amount to go to modern infrastructure projects.

The Vietnamese economy is likely to expand by 6-6.5% in the base scenario, with even recovery recorded in all sectors of agriculture, industry, construction and services, Dr. Can Van Luc, a member of the National Financial-Monetary Policy Advisory Council, has predicted.

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.