Regarding public investment disbursement, the Deputy Prime Minister cited data from the Ministry of Finance, stating that as of October 23, 2025, the disbursement rate reached 51.7%, compared to 51.5% in the same period last year. In absolute terms, VND 465 trillion has been disbursed, which is VND 116 trillion higher than the previous year.
The Deputy Prime Minister acknowledged that the delays mentioned by National Assembly delegates are valid, and the disbursement progress has fallen short of expectations. Despite numerous administrative measures, including regular meetings and discussions with ministries, sectors, and localities, challenges persist.
According to the Deputy Prime Minister, one reason for this situation is the reduction in the number of projects. While the 2015-2020 term had over 12,000 projects, the 2020-2025 term has fewer than 5,000, with a target of under 3,000 projects for 2026-2030. This shift in approach aims to concentrate resources on impactful projects, which has affected timelines and procedures.
Another factor is the mechanism and policies. “We are addressing these issues, but there is a certain lag,” the Deputy Prime Minister noted, referring to decentralization, administrative procedure reduction, and mineral resource management.
The third reason is the reorganization of the apparatus, which has impacted work handover. The Deputy Prime Minister urged delegates to support local disbursement efforts to achieve the target of fully utilizing the allocated funds.
Deputy Prime Minister Lê Thành Long. Photo: quochoi.vn
Projected 2025 Growth Exceeds 8%
Addressing broader socio-economic issues for 2025 and projections for 2026, the Deputy Prime Minister announced that GDP growth for 2025 is expected to surpass 8%. Over the 2020-2025 term, growth averaged 6.3%, outpacing the 6.2% rate of 2015-2020. Labor productivity in 2025 increased by 6.85%, exceeding the 5.5% target. Total Factor Productivity (TFP) contributed approximately 47% during this period. Tax revenue is a highlight of 2025, projected at VND 2.4 quadrillion, 21.5% above the estimate. From 2021 to 2025, total state budget revenue is expected to reach VND 9.6 quadrillion.
The Deputy Prime Minister emphasized that these achievements are particularly notable given the challenges posed by the COVID-19 pandemic, regional and global instability, geopolitical tensions, and unpredictable trade policies of major economies. These successes reflect the significant efforts of the entire political system, the Government, the Prime Minister, ministries, sectors, and localities under the leadership of the Party Central Committee, the Politburo, the Secretariat, and the General Secretary.
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Natural disasters are wreaking havoc across numerous regions, inflicting significant damage. According to delegate Trần Hoàng Ngân, an urgent financial package is imperative to address and mitigate the devastating aftermath.
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In recent days, we have been deeply saddened to witness the struggles of people across various regions as they endure the devastating impacts of natural disasters and severe flooding. Addressing this urgent situation, National Assembly Deputy Trần Hoàng Ngân has called upon the Government to promptly submit an emergency financial package to the National Assembly. This critical funding aims to address the aftermath of these calamities, restore damaged infrastructure, and ensure social welfare for those affected.
VinaCapital Forecasts Vietnam’s Economy to Surge 8% in 2026, Fueled by Public Investment Momentum
Anticipated economic growth of 8% positions 2026 as the “golden moment” to experience the ripple effects of public investment disbursement, with infrastructure investment projected to surge by 30-40%.
Hanoi Intensifies Tax Collection from Business and Land Sectors
Hanoi mandates that all relevant units aggressively pursue state budget collection efforts, striving to achieve a minimum 25% increase in the 2025 state budget compared to the projected estimate. This includes a strong focus on bolstering revenue streams from business operations and land-related sources.
Vietnam Achieves a Proud Milestone: Surpassing Many Asian Nations, Outranking Thailand by 5 Spots and China by 22 Positions
Vietnam’s remarkable achievement has been officially recognized by the United Nations.
