On May 8, 2026, Vietnam's National Assembly officially approved the medium-term public investment plan for 2026–2030, totaling approximately $312 billion. This marks the largest public investment program in the country's history.
According to Resolution No. 27/2026/QH16, authorities expect public investments to be one of the main drivers of economic growth over the next five years. The primary focus will be on the construction of strategic infrastructure, transport corridors, airports, ports, urban infrastructure, and logistics.
Of the total funding:
- approximately $144 billion will be allocated from the central budget;
- another approximately $168 billion — from local budgets of provinces and cities.
Approximately 10% of the central budget funds will be reserved as an emergency funding and project adjustment fund.
Vietnam expects public investments to account for 20–22% of all investments in the country's economy between 2026 and 2030. The total volume of social investments is projected to reach approximately 40% of GDP.
Authorities have also set a target for disbursing over 95% of the allocated funds — one of the highest targets in recent years. The number of projects is planned to be reduced by at least 30% compared to the previous period, to focus on the largest and most strategically important facilities.
The document specifically emphasizes that public investments should attract the maximum volume of private capital through public-private partnership mechanisms.
Against the backdrop of the new program, international agencies continue to improve their assessments of Vietnam's economy. This week, Moody's upgraded the country's rating outlook from 'stable' to 'positive,' citing accelerated reforms, improved governance quality, and sustainable economic growth.