News about public investment

Ho Chi Minh City's economy grew 9.86% in Q3, its fastest quarterly pace in 10 years, lifting nine-month growth to 9.06%, with services, especially transport and warehousing (up 14.16%), contributing most. Hanoi also accelerated, with Q3 growth of 10.02%, and local state budget capital reached VND 107.8 trillion, up 81.2%, as major infrastructure projects were pushed forward. Nationally, Q3 GDP rose 9.95% and exports exceeded USD 434 billion, up 24.5%. However, 45.9% of HCMC industrial firms cited weak domestic market demand, and 190 public investment projects in Hanoi remain held up by planning, land and site clearance issues. Nationwide nine-month investment covers only about 61% of the annual need, and 1,131 stalled projects (about VND 779 trillion) still await resolution.