Hanoi: Prime Minister Pham Minh Chinh has underscored the importance of promoting investment to realising the economic growth target of at least 8% this year, with public investment serving as a crucial driver. Chairing the 16th meeting of the State Steering Committee for key national transport projects on March 9, PM Chinh, also head of the committee, stressed the need to mobilise all public investment resources to activate all economic forces and guide private investment, focusing on infrastructure development - one of the three strategic breakthroughs as identified by the Party and State. He highlighted that the country aims to disburse at least 95% of the public capital this year.

According to Vietnam News Agency, the Prime Minister's strategy involves a significant emphasis on infrastructure development to achieve the growth target. This approach is part of a broader strategy to ensure sustainable economic progress by leveraging public investment to attract private sector participation. The meeting highlighted the crucial role of transport infrastructure projects in boosting economic activities and facilitating growth.

The government is determined to channel public funds efficiently to catalyse economic growth and meet the set disbursement targets. The successful implementation of these projects is expected to lay the foundation for long-term economic stability and development.