Public investment: Improving implementation capacity, strengthening supervision and inspection

In the 2026 - 2030 period, the Government proposed a total public investment of about VND 8.51 trillion, 3 times higher than the previous period. National Assembly deputies suggested that it is necessary to strengthen independent monitoring and evaluation, publicize disbursement results, consider public investment efficiency as a criterion to evaluate the management capacity of each ministry, branch and locality; use public investment to lead private investment, and strive to mobilize 3 times more non-budgetary capital than state investment.

Vice Chairman of the National Assembly Vu Hong Thanh chaired the discussion session on socio -economic issues.

Investment preparation and site clearance are major bottlenecks.

In the difficult and volatile context of the 2021-2025 period, National Assembly deputies said that public investment has truly become the main driving force contributing to maintaining macroeconomic stability, restoring production, creating jobs and strengthening the trust of people and businesses.

5/5 medium-term public investment targets for 2021-2025 have all been achieved and exceeded; the proportion of development investment accounts for about 32% of total state budget expenditure, higher than the previous period; 85% of projects have been completed and put into use. Public investment institutions have been strongly improved. The Law on Public Investment, amended in 2024, supplemented in 2025, promotes decentralization, delegation of authority, shortens procedures, and binds the responsibilities of leaders.

Prime Minister Pham Minh Chinh , Standing member of the Secretariat Tran Cam Tu at the discussion session on socio-economics

In addition to the achieved results, the National Assembly deputies also said that it is necessary to frankly acknowledge the limitations, such as: the disbursement progress has not met the requirements, on average only about 75% to 80% of the plan. The disbursement of ODA capital and capital from the National Target Program is still very slow. Investment preparation and site clearance are major bottlenecks; many projects are not qualified for capital allocation, and there is still a situation of capital waiting for projects. The public-private partnership mechanism is still not really attractive to investors, causing the infrastructure burden to mainly fall on the "shoulders" of the budget. Some documents guiding specific mechanisms are issued slowly, reducing the initiative of localities.

National Assembly Deputy Nguyen Anh Tri ( Hanoi ) stated, "We have not yet solved a "deep-rooted" problem of public investment disbursement, which is that the disbursement rate in the first months of the year is always low." In 2025 alone, as of October, only about 53-54% of the disbursement rate has been disbursed. With such reality, the delegate said that achieving the goal of disbursing 100% of the public investment plan is still a challenge.

National Assembly Deputy Nguyen Anh Tri (Hanoi) speaks. Photo: Pham Thang

National Assembly Deputy Duong Khac Mai (Lam Dong) also pointed out that one of the important issues affecting public investment in recent times is related to site clearance and currently some localities are still facing difficulties in this work.

Promote digital transformation, publicize data, and make progress transparent

In the 2026-2030 period, the Government proposed a total public investment of about VND8.51 trillion, three times higher than the previous period, with an average growth target of 10% per year. According to delegates, this is a big challenge, but it will be feasible if there is determination to innovate thinking and take drastic action.

To realize the set goals, according to National Assembly Deputy Nguyen Thi Quyen Thanh (Vinh Long), first of all, there needs to be more drastic and effective solutions in mobilizing and strongly attracting investment resources, adjusting the order and procedures for implementing ODA loans; expanding investment into the fields of renewable energy, logistics, and smart cities; innovating institutions and policies to remove bottlenecks and mobilizing non-budgetary resources, along with strong investment in infrastructure and digital transformation.

National Assembly Delegate Nguyen Thi Quyen Thanh (Vinh Long) speaks. Photo: Pham Thang

Highly agreeing with the Government's orientation on prioritizing investment in developing and completing infrastructure, especially in transportation, highway systems, and high-speed railways to promote the development of all industries and production and business sectors, delegate Nguyen Thi Quyen Thanh emphasized the need to strictly implement the principle of concentrated investment, not spreading it out, and prioritizing projects with spillover effects and creating high added value.

In addition, in the face of increasingly complex climate change, landslides, tornadoes, droughts, storms and floods causing many localities to face challenges and difficulties, threatening lives and changing daily activities, delegate Nguyen Thi Quyen Thanh suggested that the Government continue to pay attention and prioritize reasonable central budget reserve arrangements to proactively respond and take into account long-term investment factors such as: dyke systems, pumping stations, reservoirs and drainage works need to be upgraded and expanded, especially in large cities and key agricultural areas.

At the same time, promoting digital transformation in investment management, publicizing data, and making progress transparent is the belief for the private sector and investors to accompany the State in maintaining stable fiscal, monetary, and legal policies so that the investment environment is truly safe, attractive, and sustainable.

Regarding the medium-term public investment plan, delegate Duong Khac Mai said that there are a number of expressway projects passing through the Central Highlands region, but the implementation is currently facing many difficulties due to overlapping mineral planning and mineral management. Therefore, the delegate recommended that the Government should have solutions to direct ministries, branches and coordinate with localities to promptly remove difficulties to quickly deploy and effectively promote expressway projects, regional and inter-regional connectivity, meeting the requirements of double-digit growth for this region in the coming period.

National Assembly Deputy Duong Khac Mai (Lam Dong) speaks. Photo: Pham Thang

In addition, delegate Duong Khac Mai noted that in public investment, there has been a priority in funding sources for science and technology. This is a very important content. Therefore, the delegate believes that it is necessary to pay attention to investing in technology infrastructure for remote and isolated areas but avoid spreading, fragmenting and ineffectiveness. The delegate suggested that the Prime Minister direct ministries and branches, including the Ministry of Science and Technology, to pay attention to supporting resource creation and providing guidance to remote, isolated, border and island localities to use capital effectively.

Delegates also suggested that it is necessary to strengthen independent monitoring and evaluation, publicize disbursement results, consider public investment efficiency as a criterion to evaluate the management capacity of each ministry, branch, and locality; use public investment to lead private investment, and strive to mobilize three times more non-budgetary capital than state investment.

Clarifying some issues of concern to National Assembly deputies at the mid-week discussion on socio-economic and budget issues, Prime Minister Pham Minh Chinh said that the total investment capital in this term is 3.4 quadrillion VND, an increase of 55% compared to the previous term. Meanwhile, the number of public investment projects in previous terms was over 10,000, but in this term it has decreased to about 4,760 projects.

“Thanks to that, we have the resources to invest in developing the expressway system in the Mekong Delta, the expressway system to the northern mountainous region, expressways in the central region, expanding previously built expressways, investing in ports, expanding airports, high-speed railways, standard gauge railways...”, the Prime Minister stated.

Prime Minister Pham Minh Chinh clarified a number of issues of concern to National Assembly deputies.

The Prime Minister added that, excluding the Covid-19 pandemic in 2021, in the remaining four years of the 2021-2025 term, we will grow by an average of 7.2%, exceeding the set target of 6.5-7%. One of the main drivers of this growth is public investment.

Regarding the difficulties in disbursing public investment capital, the Prime Minister said that the difficulties in institutions, site clearance for resettlement, land, and investment capital adjustment have been gradually resolved by the Central Government. In addition, objective factors such as natural disasters, storms, floods, and erratic weather conditions have made it difficult to implement the project.

Presenting key solutions in the coming time, the Prime Minister emphasized continuing to strengthen decentralization and delegation of power along with resource allocation, improving enforcement capacity and strengthening supervision and inspection.

Source: https://daibieunhandan.vn/dau-tu-cong-nang-cao-nang-luc-thuc-thi-tang-cuong-giam-sat-kiem-tra-10394029.html