Public investment: Da Nang in focus of 2025 growth plans!

Public investment: Da Nang in focus of 2025 growth plans!

On May 20, 2025, Prime Minister Pham Minh Chinh highlights the importance of public investment in Vietnam. In a recent meeting of the National Steering Committee for Key Projects, he revealed that the distribution of investment funds in the first four months of 2025 has already reached VND128,500 billion, representing 15.56% of the established plans. However, the challenge remains to ensure a full disbursement of public investment capital by the end of the year, a target set by the government at 100%.

As of April 30, 2025, 99% of this year's investment plans have been allocated, with 21 localities having difficulty fully allocating the necessary funds. Prime Minister Chinh has called on all relevant ministries, departments and municipalities to rectify this by the end of May to achieve the Five-Year Plan-led growth targets of 8% or more for 2025. The investments of approximately VND830,000 billion are a key part of this strategy, with efficiency and timely disbursement of funds being crucial.

Focus on administrative reforms

A key aspect for the successful implementation of the investment plans is the need to manage and reform the system. During the 7th Administrative Reform Staff Meeting in Hanoi, Prime Minister Chinh emphasized that investments in administrative reform are also investments in development. It identifies six areas in need of urgent improvement, including administrative formalities, public finances and the development of e-government.

To achieve the desired progress, ministries and sectors should provide resources to create legal frameworks that allow barriers to mechanisms and policies to be removed. These reforms are crucial to support business activities and improve the lives of the population.

Regional challenges

In Da Nang, one of the key regions for public investment, the investment capital plan for 2025 is VND8,720.6 billion. So far, the city has been able to disburse VND1,588 billion, which is 17.87% of the allocated plan. The city plans to disburse an estimated VND2,000 billion by the end of May to effectively achieve the goals and make good use of the invested capital.

Ministries and municipalities are faced with the challenge of improving 37 agencies and 27 municipalities with disbursement rates below the national average. The government continues to implement policies and telegrams to promote public investments to achieve the set goals and support the country's economic recovery.

Strengthening decentralization and delegating powers to local authorities are of great importance in order to maximize the efficiency of the use of funds. The coming months will be crucial in achieving the financial and economic goals set.

Further details on the progress and challenges in implementation can be found in the reports from Vietnam.vn and VOV World.