Vietnam determined to make a breakthrough in growth through institutional and infrastructure reform

On the morning of September 24, the Conference “Promoting Sustainable Infrastructure Investment in Vietnam: Credit Guarantee Tools - Success Stories and Breakthrough Potential” took place in Ho Chi Minh City. The conference brought together experts, investors and management agencies to share perspectives on the use of credit guarantee tools and credit ratings.

The conference aims to unblock capital flows, promote bond structure innovation and develop sustainable capital markets.

Speaking at the conference, Mr. Phan Duc Hieu, Standing Member of the National Assembly Economic Committee, commented that Vietnam's socio-economic development orientation is clearly shown through the annual growth management mechanism. The National Assembly is always the agency that sets the GDP growth target. This is the basis for the Government to formulate policies.

By the end of 2024, the GDP growth target for 2025 was set at 6.5–7%. However, by February 2025, the Government had submitted to the National Assembly an adjustment to at least 8%. This demonstrates strong determination in the context of global instability.

To realize this goal, the Government has simultaneously implemented many solutions, among which institutional reform and business environment are considered the number one task. This is a step to remove barriers, create maximum convenience for production and business and attract investment capital.

Overview of the workshop. (Photo: thoibaotaichinhvietnam.vn)

In addition, the development of socio-economic infrastructure, especially transport infrastructure, continues to be identified as a strategic pillar. Inter-regional and national projects such as the North-South high-speed railway, key expressways and airport systems are being promoted. They aim to create new momentum for growth.

The National Assembly has approved the investment policy for the North-South high-speed railway, with a total estimated capital of about 67 billion USD. In parallel, the amendment of the Railway Law to expand the ability to mobilize social resources and simplify investment procedures has affirmed the determination to reform institutions.

Mr. Hieu emphasized: “From 2025, institutional reform will be given top priority and must be taken first to pave the way. Thanks to this orientation, large-scale infrastructure projects can be implemented more quickly and effectively. At the same time, it will strengthen the confidence of international investors in the consistency of Vietnam's policies.”

From the decisions of the National Assembly and the Government in 2025, it can be seen that institutional reform and infrastructure investment are being placed at the center. This is a prerequisite for achieving the growth target. In that context, the conference focused on discussing credit guarantee tools, credit ratings and green capital.

This is considered an important solution to mobilize social resources. Along with that, it increases investor confidence and promotes the implementation of large-scale projects. The combination of political determination and market initiatives is expected to open a sustainable direction for Vietnam's infrastructure in the coming period.

Source: https://thoidai.com.vn/viet-nam-quyet-tam-dot-pha-tang-truong-nho-cai-cach-the-che-va-ha-tang-216522.html