According to the Ministry of Finance, by the end of 2024, Vietnam had disbursed 548,569 billion VND in public investment capital, reaching 72.9% of the plan. Although this figure is lower than last year, it still reflects better capital efficiency. PSI draws lessons from China’s rapid growth period (1999-2007), where public investment played a key role in economic development. Vietnam currently identifies public investment as the primary driver with a GDP growth target of 8% by 2025. The estimated public debt ratio at the end of 2024 is about 36-37% of GDP, safe under National Assembly regulations. In 2025, the State Bank plans to achieve a high credit growth rate, which will benefit public investment. The public investment program has been reformed to improve disbursement progress, with key transportation projects being accelerated. Companies like HHV, VCG, CTD, and FCN are expected to benefit from this investment wave.
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