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Finance Minister Ngo Van Tuấn said that around 200,000 hectares of land and about 3.3 quadrillion dong are tied up in investment and land projects and need to be unblocked to unlock resources for economic growth. Speaking on the morning of April 21 as the National Assembly continued discussions on socio-economic development, Tuấn noted that this issue has become a major bottleneck for mobilizing idle resources.
The minister said the country currently has 200,000 hectares of land and a “string” of investment and land projects with roughly 3.3 quadrillion dong idle. He described the amount as about three times the total public investment capital expected to be disbursed this year, which is around 1.1 quadrillion dong.
“This is a bottleneck, but also a resource and driver for growth in the time to come,” Tuấn said, adding that he hopes the National Assembly will support and supervise efforts to unlock the bottleneck and channel idle capital to assist production, business, and growth.
On capital market development, including bonds and stocks, Tuấn acknowledged that the economy remains heavily dependent on the money market, which is a short-term funding channel.
He said government bond issuance is expected to reach 900 trillion dong this year, up 100 trillion dong from 2025.
To develop the capital market, Tuấn said reforms are needed in institutions, infrastructure, and market participants. He also emphasized that fiscal policy should coordinate closely with monetary policy to ensure adequate funding for the economy and to maintain macroeconomic stability.
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