Deputy PM requests faster disbursement of public investment
The government has set a target of disbursing all public investment capital in 2018 although it acknowledged that this is a tough task, said Deputy Prime Minister Vuong Dinh Hue.
Hanoi (VNA) – The governmenthas set a target of disbursing all public investment capital in 2018 althoughit acknowledged that this is a tough task, said Deputy Prime Minister VuongDinh Hue.
To that end, it is necessary to addressissues regarding the Law on Public Investment, Deputy PM Hue said at hisworking session with the Ministry of Planning and Investment (MoPI) in Hanoi onApril 10.
He pointed out limitations in the promulgationof mid- and long-term public investment policy, and stressed the importance ofcapital allocation and disbursement as well as the efficient use of publicinvestment.
The Deputy PM reviewed theimplementation of public investment over the past two years, saying that 91.3percent of the capital was disbursed in 2016, but the figure dropped to 86percent last year.
The Government has approved a project onrestructuring public investment, he said, asking the MoPI to trace the root ofthe sluggishness and identify those responsible for the problem.
Hue urged the MoPI to work on the draftrevised Law on Public Investment and submit the document to the NationalAssembly.
Deputy Minister of Planning andInvestment Le Quang Manh reported that more than 1.6 trillion VND (70.4 millionUSD) has been allocated, fulfilling 91.3 percent of the target set by the legislatureduring 2016-2020.
He described the mid-term investmentplan as an important breakthrough in State management and a fundamental reformin the allocation of State budget capital.-VNA
Deputy Prime Minister Vuong Dinh Hue was anxious about the slow allocation and disbursement of public investment and demanded clarifying the responsibility of related officials and agencies.
The Ministry of Finance on July 26 provided more information about the State Bank of Vietnam (SBV)’s disbursement ratio of planned investment capital sourced from the State budget in 2017.
Vice Chairman of the National Assembly Phung Quoc Hien has advised caution in amending the Law on Public Investment, saying that adjustments are necessary but must not be made hastily, lest the legal system be disrupted.
Measures to improve the efficiency of public investment were among issues mentioned by Minister of Planning and Investment Nguyen Chi Dung at the Q&A session on November 16 of the 14th National Assembly (NA)’s ongoing fourth session.
Over the last there years, Oxfam and the Budget Transparency, Accountability and Participation (BTAP) Alliance in Vietnam, through the EU-funded project, have supported their partners in the northern mountainous province of Hoa Binh and Quang Tri to perform initiatives for improving the efficiency of State budget management.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
Deputy PM Tran Hong Ha urged countries to work together to remove supply chain bottlenecks, expand market access, strengthen cooperation in smart customs procedures, mutually recognise technical standards, and eliminate unnecessary protectionist barriers to boost trade and investment.
Deputy Prime Minister Vuong Dinh Hue (Photo: VNA) 
