HANOI: As Vietnam accelerates its public investment disbursement efforts in the remaining months of the year, public investment stocks have emerged as a key focus for market analysts.
They have presented promising growth potential driven by robust project implementation.
According to data from the Finance Ministry, as of October 2025, Vietnam has disbursed over 464.8 trillion dong (US$17.6bil) of public investment, achieving 51.7% of the government’s allocation plan.
However, over 400 trillion dong is yet to be disbursed, with 29 ministries and 16 localities falling below the national average of disbursement rates.
The Construction Ministry reported a public investment disbursement rate of 51% as of October, underscoring the need for project managers to address documentation challenges efficiently to optimise project settlements and expedite disbursement.
Several major infrastructure projects, including expressways such as Tuyen Quang-Ha Giang, Dong Dang-Tra Linh and Huu Nghi-Chi Lang, are being fast-tracked to meet completion deadlines by Dec 19.
Five expressway projects are set to open by this date, including Bien Hoa-Vung Tau and Quy Nhon-Chi Thanh.
In addition, seven road projects slated for commencement in 2025 are yet to break ground, prompting a demand for a launch by Dec 19.
Given the existing pressure to accelerate public fund disbursement, MBS Securities anticipates substantial pressure on investment capital outlays as the year draws to a close.
The prospects for public investment remain bright, with expectations for continued growth driven by government initiatives. The sector is expected to continue thriving, well into 2026.
Deo Ca Traffic Infrastructure Investment JSC reported consolidated revenue of over 913.5 billion dong for the third quarter (3Q), a 13% year-on-year increase, with profit after tax rising by 19% to over 152.4 billion dong.
This growth is largely attributed to robust build-operate-transfer revenue, which constituted 61% of total revenue.
The construction sector continues to receive significant attention as Deo Ca remains a key player in large-scale infrastructure consortia, particularly in complex tunnelling and transport projects.
Similarly, FECON experienced revenue growth of 53.5% year-on-year, achieving more than 1.14 trillion dong in 3Q.
This trend reflected a consistent increase in revenue over several months, bolstered by a substantial backlog of projects.
However, profitability within the public investment sector remains varied, with CIENCO 4 reporting declines in both revenue and net profit in 3Q compared to the previous year.
In 2026, the outlook for public investment remains optimistic. According to SSI Research, efforts in public investment and real estate are anticipated to drive the backlog of projects, facilitating a renewed momentum in the disbursement of public funds. — Viet Nam News/ANN
