Ministry of Transport: Long way to go to fully disburse this year’s public investment
As of the end of September, the Ministry of Transport (MoT) had disbursed 53.7% of total public investment planned for this year, higher than the national average of 47%, according to Luu Quang Thin, deputy head of the MoT’s Planning and Investment Department.
The last section of the Vinh Hao - Phan Thiet Expressway is under urgent construction to be open before this year's end. (Photo: VNA)
Hanoi (VNA) – As of the end of September, the Ministryof Transport (MoT) had disbursed 53.7% of total public investment planned forthis year, higher than the national average of 47%, according to Luu QuangThin, deputy head of the MoT’s Planning and Investment Department.
Yet, the figure was lower than that of the same period lastyear (61%) and the progress was behind the schedule, Thin admitted. There are another23.3 trillion VND worth of public funding waiting to be spent until the end of thisyear, he added.
2022 is a challenging year for the sector, given that thegovernment has allocated over 50 trillion VND in investment for various public transportprojects managed by the MoT, said Minister Nguyen Van The, adding that it isthe largest annual amount ever assigned to the ministry.
As such, to fully realise the yearly plan, the MoT mustdisburse over 7 trillion VND of public investment monthly until the year end,he continued, noting that it will be an enormous challenge that requires greater effortsfrom developers, project management authorities and contractors.
This year, the ministry plans to complete 361km of the North-SouthExpressway and start work on multiple key projects, including the second phaseof the North-South Expressway, Tan Son Nhat International Airport’s T3 Terminaland Long Thanh Airport’s runways.
The ministry declared at the beginning of this year thatany developer or project management authority failing to fulfill their disbursementplans will not be entrusted with new projects.
One good sign for the MoT is a strong recovery in passenger transport duringthe first three quarters of the year. Total passenger throughput of all airports reached 75 million during the period, a surge of 162%compared to the same period last year.
Train passenger volume spurred 176% year-on-year to 3.4 millionbetween January and September while waterway travellers rose by 12.5%year-on-year to 201 million./.
Foreign-invested enterprises in Vietnam are recovering well and focusing on production and business expansion, with disbursement reaching a record high in the first eight months of 2022, according to director of the Ministry of Planning and Investment’s Foreign Investment Agency (FIA) Do Nhat Hoang.
Through credit packages with preferential interest rates, and products and services customised to each customer group’s needs, banks focus on helping enterprises access capital to restore production and business.
The disbursement of public investment capital is one of the measures to promote growth, affirmed Prime Minister Pham Minh Chinh when chairing a nationwide conference on September 26.
Prime Minister Pham Minh Chinh stressed the need for drastic measures to speed up the disbursement of public investment capital and the implementation of the socio-economic recovery and development programme as well as three national target programmes, while chairing a meeting with ministries, sectors and localities on September 26.
Disbursement of foreign direct investment (FDI) in the first nine months of this year reached 15.4 billion USD, up 16.2 % year-on-year and marking a record high, a report from the Foreign Investment Department (FIA) has shown.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.
The zone will cover 1,881 ha, comprising functional areas for production, logistics, trade and services, digital technology industry, information technology, and innovation.
Dung underlined several key objectives, including a comprehensive review of the legal framework governing SOEs, and called for updates that reflect international standards and support modern, transparent governance.
While the US market has become more difficult to access due to new tax policies, Australia could play the role of a trade cushion, helping to reduce shocks and maintain export momentum for Vietnam's shrimp industry.
Vietnam Cycle Expo 2025 will coincide with the Vietnam Sport Show 2025, an international exhibition on sports and outdoor entertainment, expected to attract more than 20,000 visitors in the three-day event.
Despite global economic uncertainties, Binh Duong has maintained strong momentum in both exports and industrial production during the first half of 2025.
The last section of the Vinh Hao - Phan Thiet Expressway is under urgent construction to be open before this year's end. (Photo: VNA)
