Party General Secretary To Lam's meeting with local officials on the merger of An Giang and Kien Giang provinces, the Government's regular meeting for May, public investment disbursement results during the first five months are among news highlights on June 4.
Also on the day, legislators will also discuss draft laws on mutual legal assistance in criminal and civil matters, a draft law on amendments and supplements to several articles of the Civil Procedure Code, the Law on Administrative Procedure, the Juvenile Justice Law, the Law on Bankruptcy, and the Law on Mediation and Dialogue at Court.
Recent efforts show commitment, but achieving this goal will require even bolder reforms - an ‘institutional big push’ - to unlock the private sector’s potential to drive growth and create quality jobs for its people.
Party General Secretary To Lam's reception for Director of the UNESCO World Heritage Centre Lazare Eloundou Assomo, the Government's issuance of an action plan to implement the Politburo’s Resolution No. 68-NQ/TW on developing the private sector, and the second round of negotiations on a reciprocal trade agreement between Vietnam and the US are among news highlights on May 20.
While chairing an online national conference on boosting public investment as a key driver of economic growth in 2025 on May 20, PM Chinh stressed the need to revitalise traditional growth engines - investment, consumption, and exports, while accelerating new drivers such as science and technology, innovation, digital transformation, circular economy, and knowledge economy.
Seven localities with disbursement rates higher than the national average were Phu Tho (46.71%), Thanh Hoa (39.02%), Ha Tinh (29.43%), Nghe An (22.56%), Quang Binh (19.23%), Bac Giang (18%), and Hoa Binh (17.34%). Notably, the Ministry of Construction and Hanoi city had the absolute disbursement figures, over 11.82 trillion VND and nearly 9.6 trillion VND, respectively.
As a trade-oriented economy, with imports and exports representing almost 170% of the GDP, Vietnam is particularly exposed to ongoing shifts in global trade policies. The US remains the largest export destination of Vietnam, accounting for 30% of its total exports, while China makes up 38% of its imports.
Prime Minister Pham Minh Chinh ordered dealing with all projects with problems within 2025. Ministries and localities reported that about 1,500 projects across the country are currently facing difficulties, spanning about 20 different issue groups.
Prime Minister Pham Minh Chinh said great efforts are needed to complete 3,000 kilometres of expressways nationwide this year. He also highlighted other targets like putting into operation such aviation projects as Long Thanh International Airport and Terminal 3 at Tan Son Nhat International Airport, as well as various seaports.
Statistics show that the disbursment of foreign direct investment was the highest in the last five years, coupled with a significant increase in Vietnam's investment abroad.
Son noted that Vietnam’s socio-economic situation in the first two months of 2025 has been highly positive, with macroeconomic stability maintained, inflation under control, and key economic balances ensured.
The resolution outlines a series of specific mechanisms and policies, including the mobilisation and allocation of investment capital; procedures for investing in urban rail projects and those based on the Transit-Oriented Development (TOD) model; the development of the rail industry, technology transfer, and workforce training; policies on construction materials and waste disposal; and specific regulations for HCM City.
The dispatch highlighted that the detailed allocation of the capital accounted for only 96.07% of the Government leader’s assigned target as of January 23, with some 84.84 trillion VND (3.32 billion USD) remaining unallocated across 26 central agencies and 48 localities.
As outlined in its recently released 2025 programme on thrift practice and wastefulness prevention, the ministry has emphasised prioritising resources for critical infrastructure development.
Secretary of the Quang Ninh Party Committee Vu Dai Thang emphasised that achieving this target would require Quang Ninh’s economy to reach approximately 395 trillion VND (15.4 billion USD) in 2025.
Deputy Prime Minister Tran Hong Ha has signed a decision to launch the comprehensive plan for urban and rural systems for the 2021-2030 period, with a vision to 2050.
Despite numerous challenges in 2024, Ho Chi Minh City's economy still record a commendable growth rate of 7.17%, heard a conference held on December 26 to review local socio-economic development achievements for 2024 and set the tasks for 2025.
The northern port city of Hai Phong disbursed about 13.5 trillion VND (531.6 million USD) of public investment capital in the first 11 months of this year, equal to 79.2% of the annual plan assigned by the Prime Minister and 64.2% of its own target, according to the Ministry of Finance.
