HCMC – Public investment in Vietnam surged in the first two months of this year, playing a crucial role in driving economic growth, according to the General Statistics Office (GSO).
Public investments reached VND37.9 trillion in February, a 36.5% increase versus the same period last year. Of this, central government-managed capital stood at VND5.5 trillion, up by 20.1%, while local government-managed investments rose by 39.8% to VND32.4 trillion.
Total public investment disbursements in January-February accounted for 8.5% of the full-year target, a 21.7% year-on-year rise. The central government allocated VND10.2 trillion to projects, achieving 7.8% of the year’s target and reflecting an 8.6% increase over 2024.
The Ministry of Transport led public investment disbursement, spending VND5.9 trillion, followed by the Ministry of Agriculture and Environment at VND1.5 trillion and the Ministry of Health at VND329.3 billion.
Local governments collectively spent nearly VND63 trillion on public projects, meeting 8.6% of the yearly target and increasing 24.2% year-on-year. Among them, provincial-level investments stood at VND41.1 trillion, district-level spending reached VND18.9 trillion, and communal-level investments totaled VND3 trillion.
According to the GSO, ministries and local authorities ramped up efforts to implement state-funded projects following the Lunar New Year holiday, prioritizing ongoing infrastructure and development initiatives to accelerate economic progress.
