Many investors have proposed transferring capital.
In 2025, Project Management Board No. 3 was allocated nearly 2,000 billion VND. By the end of September 2025, the Board had disbursed 29%. The main reason for the low disbursement rate remains land clearance issues. Many projects are unable to disburse all allocated funds in 2025, forcing the unit to request the reallocation of funds.
According to the Director of Investment and Construction Project Management Board No. 3, Ha Sy Son, calculations show that the unit will need to reallocate more than 170 billion VND in capital in 2025. Of this amount, 70 billion VND will be returned by the central government from the Dao Nghia - Quang Khe road project (phase 2).
Of the total transferred capital, approximately over 100 billion VND will be transferred to projects in regional departments, while the remaining 70 billion VND is very difficult to transfer. “We propose adjusting the implementation time of the Dao Nghia - Quang Khe Road project to 2026, because requesting an extension of the project's progress without increasing the total investment will fall under the authority of the Provincial People's Committee for approval. If approved, the 70 billion VND will be disbursed in 2026. If the extension is not granted, this capital will have to be returned to the central government,” Mr. Son proposed.
Similarly, in 2025, Project Management Board No. 1 requested the reallocation of approximately 350 billion VND. The unit has worked with regional boards and found recipients for the disbursement of 200 billion VND. For the remaining 150 billion VND, the board is working with the Department of Finance to reach an agreement before September 30, 2025.
According to Mr. Nguyen Thanh Chuong, Director of Investment and Construction Project Management Board No. 1, the unit was allocated 8,047 billion VND in 2025. By the end of September 2025, the unit had only disbursed 1,162 billion VND, reaching 14% of the plan. Of this amount, 2,855 billion VND belongs to the Bao Loc - Lien Khuong Expressway project and 633 billion VND to the Tan Phu - Bao Loc Expressway project, both of which have not yet been disbursed.
Flexible deployment
According to the Director of the Department of Finance, Phan Thế Hanh, the unit has worked with 5 project management boards in the area. Currently, the local capital alone, proposed by the boards to be returned, amounts to over 400 billion VND. Conversely, the capital needs of projects requiring funding are only about 180 billion VND. Therefore, a large amount of capital remains outstanding. "We have requested the project management boards to direct their regional boards to review the projects and works that still have outstanding debts."
"In particular, the units should focus on reviewing projects that are prolonged or have not been allocated funding during the 2021-2025 period. Based on this, the committees will compile and submit the information to the Department of Finance in September 2025 to carry out the reallocation procedures, in order to increase disbursement," Mr. Hanh proposed.
Mr. Hanh stated that, regarding central government funding, there is almost no capacity to absorb more capital. Currently, most central government funds in the area are allocated to large-scale projects, which are part of regional funding. Any reallocation can only be flexibly done for projects under regional funding, not for other projects.
In reality, projects funded by the central government currently do not require additional capital. For example, the Bao Loc - Lien Khuong Expressway project has 891 billion VND in central government funding, of which 633 billion VND was transferred in a lump sum in 2024. Therefore, if the project requests further funding, it will certainly not be approved and the funds must be returned to the central government.
“The Department of Finance is proactively seeking ways to advise on early and appropriate reallocation of funds for projects to accelerate progress. Our view is that investors should be flexible and can reallocate funds for individual project components. If a component is facing difficulties, priority should be given to components that can absorb capital more easily. The goal is to minimize the situation of returning funds to the central and local governments,” Mr. Hanh emphasized.
Regarding solutions to promote public investment, Vice Chairman of the Provincial People's Committee Vo Ngoc Hiep said that, at this point, difficulties related to documents, procedures, and personnel have been basically resolved. The remaining issue is for the Department of Finance to advise the Provincial People's Committee in a timely manner on the receipt and allocation of capital sources. “The Department of Finance will flexibly transfer capital in batches. As soon as a project is approved, the province will approve it. We don't wait for everything to be approved at once, as that would delay things. During implementation, we will address difficulties wherever they arise. On the part of the Project Management Board, the units should be proactive and flexible in the implementation process,” Mr. Vo Ngoc Hiep emphasized.
By the end of September 2025, Lam Dong province had disbursed nearly 30% of its total allocated capital of 18,900 billion VND. With this result, Lam Dong province has a much lower disbursement rate than the national average (45%) and ranks 30th out of 34 provinces and cities.
By the end of September 2025, Lam Dong province had disbursed nearly 30% of its total allocated capital of 18,900 billion VND. With this result, Lam Dong province has a much lower disbursement rate than the national average (45%) and ranks 30th out of 34 provinces and cities.
Source: https://baolamdong.vn/dieu-chuyen-von-de-tang-toc-giai-ngan-von-dau-tu-cong-392986.html
![[Photo] General Secretary and President To Lam presides over a meeting on preparations for the review of one year of operation of the three-tiered government system.](https://vphoto.vietnam.vn/thumb/1200x675/vietnam/resource/IMAGE/2026/06/02/1780391821195_a1-bnd-4595-9717-jpg.webp)
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