According to Nguyen Duc Tam, Director of the Department for National Economic Issues under the Ministry of Planning and Investment (MPI), among important motivations for the economic growth this year is the strong allocation of resources for major projects, especially in transport and energy infrastructure.

He noted that to date, about 2,000km of expressway have been put into operation. The figure is expected to reach about 3,000km in 2025.

Besides, progress has been seen in the completion of institutions, administrative reform, and the improvement of business and investment environments, the official said.

At the same time, planning activities have basically been completed, he said, adding that the Prime Minister has issued all six regional master plans, and organised many conferences to announce the master plans in association with investment promotion, providing opportunities for the re-organisation of the country’s development spaces and creating momentum for faster and more effective growth.

According to the official, Vietnam continues to be an attractive destination for foreign investors. In the first five months of this year, about 8.25 billion USD of foreign direct investment was disbursed, up 7.8% over the same period last year, while the newly-registered capital amount was over 7.9 billion USD, a surge of 50.8% year on year, he said./. VNA