HCMC – A massive public investment plan totaling VND8.22 quadrillion has been proposed for the 2026-2030 period, representing a significant surge of VND5.35 quadrillion over the previous five-year phase.
The central budget is set to contribute VND3.8 quadrillion, while local budgets will account for the remaining VND4.42 quadrillion.
The proposal was officially presented by Minister of Finance Ngo Van Tuan to the National Assembly during its session on the afternoon of April 9.
According to the report, the investment strategy for the upcoming cycle will move away from fragmented spending, aiming to reduce the number of projects by at least 30% to ensure higher efficiency. A 10% general reserve will also be maintained to provide financial flexibility against global economic uncertainties.
This roadmap follows a 2021-2025 phase, where all key investment targets were met, with estimated disbursements reaching VND3.02 quadrillion. While the National Assembly’s Economic and Finance Committee expressed support for the scale of the plan, it urged the Government to develop initiative-taking growth scenarios to mitigate international risks.
Moving forward, the focus will remain on prioritizing national target programs and inter-regional infrastructure projects. By concentrating resources on key development drivers, the Government aims to ensure that public investment continues to serve as the backbone for Vietnam’s sustainable socio-economic transition through 2030.
