Prime Minister Pham Minh Chinh has stressed that Viet Nam must rely more heavily on investment, particularly public investment, to sustain growth as the global export markets are facing headwinds from pandemic aftershocks, geopolitical tensions, and trade wars.

Prime Minister Pham Minh Chinh chairs an online national conference on boosting public investment as a key driver of economic growth in 2025.

The government leader underscored that public investment must lead and unlock private capital, but “a slow-moving locomotive cannot drive the train.”

While chairing an online national conference on boosting public investment as a key driver of economic growth in 2025 on May 20, PM Chinh stressed the need to revitalise traditional growth engines - investment, consumption, and exports, while accelerating new drivers such as science and technology, innovation, digital transformation, circular economy, and knowledge economy.

He called for a thorough review of legal and institutional bottlenecks and questioned why private enterprises are often faster in disbursing and implementing projects compared to state agencies.

The PM stressed the importance of identifying causes of delays in public capital disbursement, clarifying responsibilities, and learning from effective leadership and implementation models across ministries and localities.

To enhance accountability, PM Chinh directed the design of consistent monitoring tools for disbursement performance and called for stronger efforts by administrations at all levels.

He stressed the importance of clearly assigned roles, responsibilities, timelines, and outcomes, while urging state-owned groups and corporations to take the initiative in driving investment forward.

According to the Ministry of Finance, the National Assembly approved over 829 trillion VND (31.9 billion USD) in public investment capital for 2025, of which 826 trillion VND has been allocated to ministries and localities.

As of April 30, nearly 818 trillion VND, about 99% of the planned figure, had been detailed and assigned to specific projects.

However, only over 128 trillion VND (15.56%) had been disbursed by the end of April. The central budget's disbursement reached 13.33%, local budgets 17.2%, and disbursement for the three national target programmes stood at 21.4%.

Bac Giang province strengthens institutional reform capacity, improvement of investment and business environment

BAC GIANG - On May 6 in Hanoi, the Vietnam Chamber of Commerce and Industry (VCCI) announced the 2024 Provincial Competitiveness Index (PCI) rankings. Bac Giang proudly ranked fourth nationwide with 71.24 points, maintaining its position for the second consecutive year. It was also listed among the top three provinces showing the most significant PCI score improvements over the past 20 years. 

Viet Nam aims to attract high-quality foreign investment

The Ministry of Finance has emphasised that Viet Nam is making thorough preparations to welcome a new wave of investment, with specific strategies and solutions. This effort is further grounded by the strong recovery and breakthrough in foreign direct investment (FDI) inflows during the first quarter of 2025.

Investment in AI in Vietnam increases eightfold

Vietnam is entering a new phase of growth, where innovation, science, and technology are at the forefront of shaping its future. From being an emerging market, Vietnam has now risen to become a strategic destination for technology investment in Southeast Asia, driven by the aspirations of the entrepreneurial community and strategic guidance from the government

 

Bac Giang attracts more investment to Industrial Parks

BAC GIANG – Despite global economic challenges, Bac Giang Province continues to attract rising levels of investment into its industrial parks.

Nestlé announces investment expansion in Vietnam operations

Nestlé Vietnam announced on April 21 that the company will increase its operational capital in the country, with a nearly 1.9 trillion VND (73.4 million USD) investment to expand its Tri An factory in the southern province of Dong Nai – one of the group’s most advanced coffee processing plants worldwide.

Total registered foreign investment into Vietnam up by 34.7% in Q1

As of March 31, 2025, total registered foreign investment into Vietnam, including new registrations, capital adjustments, and capital contributions/share purchases, reached 10.98 billion USD, marking a 34.7% increase compared to the same period in 2024.