Public investment disbursement: Concentrating on the final race

The last three months of the year are a sprint to complete the public investment disbursement plan.

Breakthrough progress

Positive figures on public investment disbursement have been reported to the Government by the Ministry of Finance . Accordingly, thanks to drastic solutions and close direction from the Prime Minister, public investment disbursement in September maintained a relatively stable pace compared to the previous month. Specifically, the estimated disbursement for 9 months is about VND 440,400 billion, reaching about 50% of the plan assigned by the Prime Minister (if calculated based on the plan assigned at the beginning of the year, it will reach 55% of the plan), compared to the same period in 2024, 4.5 percentage points higher in rate and VND 132,600 billion in absolute number.

This figure is positive, especially in the context of this year, when public investment resources are very large. According to the Ministry of Finance, the total plan assigned in 2025 is 1,112,841.7 billion VND. Of this, the total detailed allocated capital is 1,029,648.4 billion VND.

With a large investment resource, the disbursement of over VND 440,000 billion in 9 months is noteworthy. Moreover, according to the report of the Ministry of Finance, in the first 9 months of 2025, compared to the plan assigned by the Prime Minister , there were 9 ministries, central agencies and 17 localities with estimated disbursement rates reaching the national average.

In particular, in the context of transferring the 2-level local government model, some localities have made great efforts and determination in directing and operating to soon complete the work of perfecting and transferring the organizational apparatus, while overcoming difficulties caused by the impact of storms and floods, striving to maintain the progress of project implementation and disbursement, achieving a 9-month disbursement rate of over 60% of the plan assigned by the Prime Minister. For example, Ha Tinh disbursed 109.9%, Thanh Hoa 91.7%, Ninh Binh 90.6%, Lao Cai 89.7%, Thai Nguyen 74.2%...

Ha Tinh is the locality that was commended by the Government leaders at the recent Government Conference with localities, when the disbursement rate ranked first in the country, with over 5,809 billion VND, reaching 109.9% of the plan assigned by the Central Government.

According to Vice Chairman of Ha Tinh Provincial People's Committee Tran Bao Ha, to promote disbursement, Ha Tinh has established 3 working groups headed by Vice Chairmen of the Provincial People's Committee, to directly direct, urge, and remove difficulties and obstacles for each project and each investor. Even for key national projects in the province, Ha Tinh has made great efforts to implement site clearance and prepare for the project commencement.

Focus on the final race

Although the progress of disbursement of public investment capital is still positive, Minister of Finance Nguyen Van Thang commented: "The target of disbursing 100% of public investment capital this year is a big challenge."

In 9 months, over 440,000 billion VND has been disbursed. If compared with the capital that has been allocated in detail (1,029,648.4 billion VND), the remaining amount that must be pushed into constructions and projects in the last 3 months of the year is also very large, about 590,000 billion VND, even higher than the amount disbursed in the past 9 months.

The challenge is huge, but the target of disbursing 100% of the plan must be completed, not only to effectively use precious resources, but also to actively contribute to promoting economic growth. Therefore, the last 3 months of the year are the final race, forcing us to concentrate on disbursement. Moreover, the high disbursement level in 2025 is also very significant for the completion of the 2021-2025 Medium-Term Public Investment Plan.

As part of this effort, the Ministry of Finance once again publicized the list of ministries, central agencies and localities with public investment disbursement rates below the national average (50%) by the end of September 2025. Accordingly, 29/42 ministries, central agencies and 15/34 localities are in this category.

Criticizing units that are slow to disburse is also a way to "promote" more effective disbursement. Along with that, the Ministry of Finance has proposed a series of solutions to promote disbursement. Specifically, resolutely, strongly and effectively implement tasks and solutions to promote disbursement of public investment capital according to Official Dispatch No. 169/CD-TTg of the Prime Minister, ensuring 100% disbursement of the 2025 capital plan assigned by the Prime Minister; continue to remove difficulties and obstacles in institutions and policies; remove difficulties in implementing the 2-level government model to facilitate the implementation and disbursement of projects...

Speaking at the Government Conference with localities, Prime Minister Pham Minh Chinh emphasized the need to continue promoting the disbursement of public investment capital, aiming to achieve 100% of the plan. This can be said to be a special mark of the Government for the 2020-2025 term. Since the beginning of the term, the work of promoting the disbursement of public investment capital has been carried out very drastically and thoroughly. Working groups of the Prime Minister have been established to directly go to localities to remove difficulties and obstacles. The Prime Minister's dispatches and directives have been issued consecutively. Many meetings to discuss promoting the disbursement of public investment capital have been held...

That determination has contributed to keeping the progress of public investment disbursement in this term at a high level. According to the Ministry of Finance, if 100% of the plan is disbursed in 2025, the total public investment resources disbursed in the 2021-2025 period will reach more than VND 3,026 trillion. The average disbursement rate of public investment in the 2021-2025 period is estimated to reach about 111% of the plan assigned by the National Assembly, exceeding the target (the target is over 90%); the number of completed projects in the period reaches about 85% of the total number of projects allocated capital, exceeding the target (the target is over 80%).

When the 2021-2025 Medium-Term Public Investment Plan was approved, with a record figure of VND2.87 trillion, many were worried about "having money but not being able to spend it". But the final results showed that the efforts of the Government, ministries, branches and localities in the 2020-2025 term have brought positive results.

Not only has the mobilized capital increased, reaching VND 3,043 trillion thanks to the allocation of additional resources for the Socio-Economic Recovery and Development Program from the central budget reserve, as well as mobilization from local budgets, but the disbursed capital has also been very positive. This resource has contributed significantly to helping the economy gradually overcome difficulties, achieving a high growth rate, of which the first 9 months of 2025 reached 7.85%, thereby creating momentum and position for the economy to achieve a double-digit growth rate in the period 2026-2030.

Source: https://baodautu.vn/giai-ngan-dau-tu-cong-don-luc-cho-chang-dua-cuoi-d409965.html