Key task for growth
The National Assembly has passed a Resolution on the medium-term public investment (PID) plan for the period 2026 - 2030 with a total capital of about 8.22 million billion VND, including 3.8 million billion VND of central budget capital and 4.42 million billion VND of local budget capital. This shows that the medium-term PID scale for the period 2026-2030 is very large, showing very high political determination in using PID to promote growth from 10%/year or more, improve national competitiveness and improve people's lives.
Data from the Ministry of Finance shows that in the first 4 months of 2026, the whole country disbursed 144,829 billion VND, reaching 14.2% of the plan assigned by the Prime Minister. 8 ministries, agencies and 16 localities have disbursement rates higher than the average level, of which Hanoi City disbursed more than 34,358 billion VND (27.3% of the plan), Hai Phong disbursed more than 10,652 billion VND (27.5% of the plan). However, 27 ministries, agencies and 18 localities have disbursement rates lower than the average level, with some ministries and agencies not disbursing or below 1%. This shows that disbursement of public investment capital is still a major challenge.
Not only "pumping capital", but also creating a spillover effect
Mid-term PMA analysis for the period 2026 - 2030 is not only a budget allocation plan, but also a strategic tool to open up new development space for the economy.
Dr. Mac Quoc Anh - Vice Chairman cum General Secretary of the Hanoi Association of Small and Medium Enterprises, Member of the Central Committee of the Vietnam Fatherland Front - said that businesses expect DTC not only to be "capital injection" or "expenditure increase", but to create better infrastructure, lower costs, more transparent procedures, a wider market and fairer business opportunities.
An effective DC will lead to more private capital, must create more jobs, more orders, more logistics capacity, more production space, more regional connectivity, more export opportunities and more confidence for investors" - Dr. Mac Quoc Anh analyzed.
He believes that with DTC, businesses will benefit in terms of costs, market and investment confidence and expectations. In addition, people will also directly benefit by shortening travel time, reducing congestion, reducing accidents, improving the quality of hospitals, schools, housing, and living environment. Therefore, it is necessary to remove bottlenecks leading to slow disbursement of DTC capital, not to let capital remain on paper, not creating growth.
Dr. Tran Van Khai - Deputy Chairman of the National Assembly's Committee for Science, Technology and Environment - said that in the coming period, Vietnam needs to accelerate to strive for double-digit growth. To do that, DTC must prioritize digital infrastructure, energy infrastructure and innovation infrastructure.
Besides traditional bottlenecks such as investment procedures or site clearance, Dr. Tran Van Khai also believes that it is necessary to identify challenges when setting out PCI plans in the context that we are making breakthroughs in science and technology, innovation and national digital transformation such as technological backward risks, institutional gaps for intangible assets, network security and data sovereignty, human resources, energy security... From there, he proposed a new project management model in a smart and efficient direction such as focusing on common platforms, avoiding duplication of investment and requiring data to be "right, sufficient, clean, living, unified".
