Unblocking and mobilizing maximum resources for growth

The Ministry of Finance , when reporting to the Government on two new economic growth scenarios for 2025, in which it recommended striving to achieve scenario 2 (growth of 8.3-8.5%), also emphasized that, along with exploiting market opportunities to promote consumption and export, investment is the main driving force, with much room and potential to further promote, helping the economy achieve a higher growth rate in the second half of 2025. And not only promoting growth in the second half of the year, but investment momentum, if promoted, can also simultaneously form and develop new production capacity and new space, creating the premise for growth in 2026 to reach 10% or more.

In fact, for a long time, investment has been considered one of the important growth drivers of the economy . However, in recent years, when the economy is in difficulty, the investment motivation is often focused on public investment and government spending.

This year, the Government is also determined to mobilize all resources, including increased revenue and savings from the state budget in 2024 (estimated at about VND 152,700 billion) to implement public investment programs and projects.

The figure of nearly 1 quadrillion VND in public investment in 2025 is a large budget, demonstrating the Government's great efforts in arranging fiscal resources for growth. For the first time, setting the target of disbursing 100% of these resources, through implementing many drastic and synchronous solutions from the Central to local levels, the Government has also affirmed its strong determination to fully utilize investment momentum and promote growth.

But for the economy to achieve a growth rate of 8.3-8.5% this year, thereby laying the foundation for double-digit growth in the coming period, first of all in 2026, public investment is not enough. The important thing is to mobilize investment resources from the whole society. Public investment is only "seed capital" to stimulate other investment resources, from the private sector, the foreign sector, including investment resources from the state-owned enterprise sector.

In the economic scenario, the Ministry of Finance has calculated in great detail that in the last 6 months of 2025, the total capital implemented in the whole society must reach about 111 billion USD. Accordingly, in addition to the disbursement of public investment capital which must reach 28 billion USD, about 60 billion USD is needed from private investment; 18.5 billion USD from foreign investment capital, of which 16 billion USD is disbursed and 7 billion USD from other investment resources.

The Ministry of Finance also affirmed that the implementation of growth scenarios depends on the effectiveness of policies and solutions, especially in mobilizing and using resources for growth. Therefore, the most important task now is to mobilize and effectively use resources for growth. In addition to public investment capital, with the important task of disbursing all these resources, how to mobilize private investment capital, foreign capital, etc. is also a difficult problem to solve.

Although foreign investment in Vietnam remains positive, with more than 21.5 billion USD in the first 6 months of the year, concerns about the impact of US tariff policies on investment flows remain. Not to mention, competition to attract foreign investment globally remains fierce. Meanwhile, private investment has slowed down in recent years. The state-owned enterprise sector has not yet been able to fully play its leading role. Not to mention the nearly 3,000 projects that have been stuck for a long time, causing a resource of 235 billion USD to be "buried".

To unlock these resources, the key lies in the effective implementation of Resolution No. 68-NQ/TW of the Politburo on private economic development, as well as Resolution No. 198/2025/QH15 of the National Assembly on a number of special mechanisms and policies for private economic development, along with the Government's action programs. It lies in the efforts to remove difficulties for backlogged projects. It lies in the efforts to promote investment, promote large-scale foreign investment projects in high-tech and pioneering technology fields... And of course, it lies in the implementation of flexible, timely, effective monetary policies, closely coordinated, harmonious, and effective with a reasonable, focused, and key expansionary fiscal policy...

Many tasks and solutions need to be implemented synchronously and effectively so that the economy has enough resources for growth and development.

Source: https://baodautu.vn/khoi-thong-huy-dong-toi-da-cac-nguon-luc-cho-tang-truong-d340134.html