Viet Nam needs VND6.4 quadrillion in investment capital for 2027

Of the above figure, State investment capital is estimated at VND1,76 quadrillion, accounting for 27-29 percent of the total investment capital, said Le, adding that the rest will be mobilized through increasing budget revenue by 9.1 percent, cutting regular spending by 10 percent.

Other funding sources include bond issuance, ODA loans, private investment, and foreign direct investment, he said.

The Government will focus on developing medium and long-term capital market, encourage corporate bond issuance, and attract international investment funds and indirect investment flows in order to secure sufficient investment capital for the economy.

In addition to funding mobilization, it is necessary to improve investment efficiency, productivity and competitive capacity, stressed the Prime Minister.

The Government will steer resources to priority areas like fundamental industries, supporting industries, energy, materials, electronics, and semiconductors.

Viet Nam targets a growth goal of over 10 percent in 2027, according to the 2027 socio-economic development plan adopted by the National Assembly last week.

The Southeast Asian nation will focus on perfecting institutions and laws, improving the quality and effectiveness of law and policy enforcement work, and enhancing productivity, quality, efficiency, autonomy, and competitiveness of the economy.

The country also targets substantive breakthroughs in science, technology, innovation, and digital transformation; master strategic technologies, core technologies, ad strategic technological products.