A report from PetroVietnam Securities Company (PSI) emphasizes that public investment is key to Vietnam’s economic growth, reminiscent of China’s boom from 1999 to 2007. By the end of 2024, Vietnam has disbursed 548.569 trillion VND in public investment, achieving 72.9% of its plan. PSI believes public investment could help Vietnam aim for 8% GDP growth in 2025, with policies to address bottlenecks and enhance fund effectiveness. The transportation sector is expected to lead disbursements, providing opportunities for firms like HHV, VCG, CTD, and FCN, which stand to benefit from significant upcoming public investment projects worth hundreds of trillions of VND. PSI is also optimizing its list of promising sectors to leverage this investment wave in 2025, the final year of the mid-term investment plan.
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