In the final months of 2026, the construction sector is mobilising all available resources and accelerating the progress of works coupled with projects, striving to fulfil its assigned growth targets.

Under the provincial Q4 2026 growth scenario, construction is the sector facing the largest shortfall. In the first nine months of the year, its gross value added (GVA) at current prices was estimated at 10.577 trillion VND, up 12.88% year on year and equivalent to 91.28% of the target scenario, leaving a shortfall of approximately 1.01 trillion VND.

The construction sector stepping up efforts to keep projects on schedule and tighten accountability across every project to meet growth targets.

The main reason is that investment capital has yet to be translated into actual construction output in a timely manner. Total realised investment capital reached 45.804 trillion VND, equivalent to 88.16% of the target scenario, with a shortfall of approximately 6.149 trillion VND. Moreover, several large-scale projects recorded lower implementation volumes than projected. Site clearance and legal procedures remain problematic, while rainy-season weather has disrupted construction activities, particularly in the provincial Eastern areas.

Director of the Department of Construction, Mr. Ho Quang De said the department had rolled out a growth scenario for the final three months of the year, targeting sector-wide GVA of 7.092 trillion VND in Q4, up 70.27% year on year. This would bring full-year GVA to 17.669 trillion VND, representing an annual increase of 23.53%. To achieve this target, construction output in Q4 must reach VND 24.620 trillion. This is a substantial workload, requiring the sector to comprehensively review all funding sources, assess the implementation capacity of each project, project owner and subsector, while proactively coordinating with relevant departments, agencies combined with local authorities to resolve outstanding difficulties.

Tightening accountability across every project

Under the plan, the construction sector will focus on mobilising resources from four key sources: public investment, non-budget-funded projects, businesses and households. Public investment together with non-budget-funded projects are identified as major drivers of construction output in the final quarter of the year.

Specifically, the planned construction output for Q4 from the State sector is 9.953 trillion VND. For non-budget-funded investment projects, the target stands at 14.519 trillion VND, including 11.525 trillion VND from key projects and 2.993 trillion VND from projects whose longstanding bottlenecks have been resolved. However, resource mobilisation must go hand in hand with a realistic assessment of implementation capacity. A review shows that the total 2026 public investment plan allocated to projects stands at 16,080.765 billion VND, down 6,052.28 billion VND from the initial estimate. This reduction correspondingly lowers the potential construction output that can be achieved.

Deputy Director of the Department of Construction, Mr. Le Hung (pointing) and a provincial delegation inspecting progress on the Nguyen Dinh Chieu Extension Road Project.

Simultaneously, a shortage of large-scale newly launched projects, coupled with some project owners' failure to strictly comply with construction progress reporting requirements, is affecting data compilation and growth performance assessment.

To achieve the growth target, comrade Do Huu Huy, Alternate Member of the Party Central Committee, Deputy Secretary of the Provincial Party Committee and PPC Chairman, called on the construction sector to reform its management alongside operational methods, improve statistical quality and strengthen implementation accountability. He urged a comprehensive review of figures along with projected targets to ensure data are complete, transparent and accurate. Statistical coverage should encompass all funding sources coupled with sectors, extending to construction investment projects in banking, healthcare, education, tourism, energy, agriculture, social housing and other fields.

PPC Chairman, comrade Do Huu Huy also directed leaders of the Department of Construction to devote more than 50% of their working time to direct on-site inspections, monitor project progress and promptly resolve difficulties facing project owners as well as contractors. Management and oversight must shift from tracking paperwork to closely monitoring construction sites, with a clear determination of the work volume that can be completed, inspected and accepted, then recorded in Q4 to meet the growth target.

Translated by HAI LOAN