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Deputy Prime Minister Le Thanh Long: Public Debt Significantly Below Regulatory Limits; Development Investment...

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Deputy Prime Minister Lê Thành Long announced a significant shift in Vietnam's state budget allocation. The current term prioritizes development investment, allocating 32-33% of the budget, compared to 28% in the previous term. Conversely, recurrent expenditure has decreased to 57-58%, down from 63.2%. Looking ahead, the 2026-2030 plan further emphasizes development, aiming to increase investment spending to 40% while reducing recurrent expenditure to approximately 50.7%.

Ho Chi Minh City Poised to Become Southeast Asia’s Next Global Megacity

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Driven by the resolve to overcome critical challenges such as traffic congestion, flooding, and administrative inefficiencies, Ho Chi Minh City aims to foster a seamless investment environment. By partnering with foreign direct investment (FDI) enterprises, the city strives to shape a dynamic, investor-friendly international metropolis, ultimately fueling sustainable growth across the Southern region.

Can Gio Land Reclamation Project Submits Over $1.15 Billion, Propelling Ho Chi Minh City’s...

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Domestic revenue remains a highlight, driven by significant windfall gains from land use fees and rentals, particularly the substantial contributions from the Can Gio land reclamation project.