Macro Strategic Reports | ["Stocks benefiting from public investment" Portfolio] - Promoting public investment disbursement by the end of 2024

["Stocks benefiting from public investment" Portfolio] - Promoting public investment disbursement by the end of 2024

10/10/2024

Summary

In the first 9M2024, GDP grew 6.82%, with the industrial and construction sector demonstrating the most significant expansion at 8.19%. This sector accounted for 46.22% of the total GDP. Public investment is recognized as a key catalyst for driving economic growth.
Accumulated 9M2024, public investment disbursement reached VND 320,566 billion, accomplishing 47.29% of the plan assigned by the Prime Minister. The disbursement rate and value of public investment disbursement in the first 8 months of the year were lower than last year's period. In response, the government issued Official Dispatch No. 104/CD-TTg dated October 8, 2024, to urge the promotion of public investment capital in the last months of 2024.
We expect public investment disbursement to be strongly implemented by the end of 2024, in which the construction sector and industrial park will benefit from increased infrastructure investment spending.
With the strong infrastructure investment in the Southern regions, we added some stocks in the industrial park sector, such as IDC, SZC, and BCM, and eliminated some stocks with negative business results (PLC, FCN).

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