Disbursement of public investment capital in the first 9 months of 2025 is higher than the same period last year.

Giải ngân vốn đầu tư công 9 tháng năm 2025 cao hơn cùng kỳ- Ảnh 1. — Disbursement from the beginning of the year to September 30, 2025 is 440,402.3 billion VND, reaching about 50% of the plan assigned by the Prime Minister ; compared to the same period last year (disbursement of 307,837.7 billion VND, reaching 45.3%), 4.5% higher in proportion and 132,564.6 billion VND in absolute number.

Regarding the disbursement of planned capital for 2025, the Ministry of Finance said that the disbursement from the beginning of the year to September 30, 2025 was VND 440,402.3 billion, reaching about 50% of the plan assigned by the Prime Minister; compared to the same period last year (disbursement of VND 307,837.7 billion, reaching 45.3%), it was 4.5% higher in proportion and VND 132,564.6 billion in absolute number. If calculated based on the plan assigned by the Prime Minister at the beginning of the year (VND 825,922.3 billion), the disbursement by the end of September was 53.3% of the plan assigned by the Prime Minister.

Results in the first 9 months of 2025, compared with the plan assigned by the Prime Minister, there are 09 ministries, central agencies and 17 localities with estimated disbursement rates reaching the national average, including: Development Bank; Vietnam Bank for Social Policies; Vietnam General Confederation of Labor; Central Party Office; Voice of Vietnam; Vietnam Electricity Group ; Ministry of National Defense; Vietnam Expressway Corporation; Central Vietnam Women's Union; Ha Tinh; Thanh Hoa; Ninh Binh; Lao Cai; Thai Nguyen; Phu Tho; Bac Ninh; Gia Lai; Hai Phong; Tay Ninh; Nghe An; Quang Ngai; Dien Bien; Hue City; Quang Ninh; Lang Son; Dong Thap.

In particular, in the context of the transfer of the 2-level local government model and the impact of particularly unusual weather conditions in recent months in the North Central region and the Northern mountainous region, a number of localities have made great efforts and determination in directing and operating to soon complete the work of restructuring and transferring the organizational apparatus, overcoming difficulties caused by the impact of storms and floods, striving to maintain the progress of implementation and disbursement of projects, achieving a 9-month disbursement rate of over 60% of the plan assigned by the Prime Minister, such as: Ha Tinh (110%), Thanh Hoa (92%), Ninh Binh (91%), Lao Cai (81%), Thai Nguyen (74%),...

However, there are 29 ministries, central agencies and 15 localities with estimated disbursement rates below the national average.

The actual disbursement from the beginning of the year to September 30, 2025 was VND 440,402.3 billion, about 1.4% lower, equivalent to VND 14 trillion, compared to the estimated disbursement (the Ministry of Finance compiled and reported at the Government Standing Committee meeting), mainly due to the large difference in the estimated numbers of some ministries and localities compared to the actual disbursement.

According to the Ministry of Finance, the achievement of progress in public investment disbursement is thanks to the close and drastic direction and management of the Government and the Prime Minister through conferences to promote public investment growth and many documents directing the acceleration of public investment disbursement right from the first months of the year; the strong participation of all levels and sectors from central to local levels; the regular and timely review, inspection and supervision of working groups; in particular, the assignment of public investment disbursement targets as a basis for emulation assessment and institutional reform continues to be a bright spot to help remove many bottlenecks in the project implementation process.

Improve the disbursement rate of public investment capital in the coming time

In order to strive to achieve the disbursement rate of public investment capital in 2025 to reach the target of 100% of the plan assigned by the Prime Minister, contributing to promoting the growth of the whole year to reach 8.3-8.5%, ministries, central agencies and localities need to seriously learn from experience, promptly, drastically and effectively implement the goals, tasks and solutions to promote the disbursement of public investment capital according to the direction in Resolution No. 273/NQ-CP dated September 9, 2025 of the Government on the regular meeting in August 2025, telegrams No. 162/CD-TTg dated September 11, 2025 and No. 169/CD-TTg dated September 21, 2025 of the Prime Minister. On that basis, the Ministry of Finance recommends that a number of measures be more strongly implemented to increase the disbursement rate of public investment capital in the coming time, specifically as follows:

1. Regarding the arrangement and reorganization of administrative units at all levels and the transition to a two-level local government organization model:

Resolutely implement the conclusions and directions of competent authorities on the implementation of two-level government; promptly handle difficulties according to authority; synthesize and report to competent authorities to thoroughly handle difficulties and obstacles, including the transfer of project investor tasks and transitional projects between levels. Urgently complete the apparatus, promptly stabilize personnel; have solutions to arrange and ensure the assignment of cadres with sufficient professional capacity to meet the requirements in the management and implementation of projects in the locality, especially in remote and isolated areas. Carefully evaluate the decentralization of project investors at the commune level in conjunction with resources and implementation capacity in accordance with Conclusion No. 195-KL/TW dated September 26, 2025 of the Politburo and the Secretariat on the situation and performance results of the political system apparatus and two-level local government; Regularly inspect and support the communes assigned as investors in organizing project implementation and promoting disbursement of public investment capital.

Currently, the Ministry of Justice is seeking opinions from ministries and ministerial-level agencies on the draft Report on the results of the review and proposed solutions to improve the law on decentralization, delegation of power, and division of authority when organizing two-level local governments. It is recommended that ministries and ministerial-level agencies continue to research, evaluate, and accurately identify the legal provisions reflected by agencies and localities that have difficulties and problems that need to be handled and promptly propose optimal and feasible solutions; take responsibility for the existing content and problems related to decentralization, delegation of power, and division of authority when organizing two-level local governments within the scope of state management of their ministries and branches.

2. Regarding removing obstacles in mechanisms and policies:

The Ministry of Finance recommends that the Government and the Prime Minister direct the Ministry of Agriculture and Environment to promptly complete the submission to competent authorities to issue a Resolution to remove obstacles in the implementation of the 2024 Land Law for urgent public investment projects and projects serving the APEC Conference (allowing temporary housing support for households and individuals eligible for resettlement while waiting for resettlement as prescribed in Clause 7, Article 111 of the 2024 Land Law).

Ministries and ministerial-level agencies continue to review and synthesize difficulties in policy mechanisms related to public investment disbursement according to their functions and tasks to report and propose to competent authorities for consideration and timely resolution.

3. Regarding organization and implementation:

Continue to identify the disbursement of public investment capital as one of the top important political tasks. Further promote the role of heads of ministries, agencies, heads of Party committees and local authorities in leading, directing and organizing implementation, promptly removing difficulties and obstacles according to their authority or proposing to competent authorities for resolution. Assign specific leaders and officers in charge of each project, individualize responsibilities to serve as a basis for evaluating the results of task implementation. Make detailed disbursement plans for each project and control progress by week, month and quarter. Focus on accelerating site clearance and construction progress, promptly removing difficulties and obstacles related to land and resources...

Urgently allocate the capital plan that has been assigned but has not yet been allocated in detail (including capital from the 2024 State budget revenue increase and the National Target Program capital) according to regulations. Regularly review and evaluate the disbursement situation for each project, clearly identify the existing problems and weaknesses at each stage to have timely solutions; classify projects according to the disbursement level (good, slow, unable to disburse...) to promptly transfer internal capital from slow-disbursing projects to good-disbursing projects and projects in need of additional capital according to regulations.

For important national projects and key projects in the field of transport: The Ministry of Construction and localities direct agencies, units and contractors to focus on removing difficulties and obstacles, speeding up the progress of projects and works, making up for delays in the first months of the year, proactively and actively implementing the tasks assigned by the Prime Minister in Report No. 493/TB-VPCP dated September 18, 2025 of the Government Office to strive to complete at least 3,000 km of expressways, over 1,000 km of coastal roads and major projects such as Long Thanh International Airport in 2025. Speed up the preparation for investment in a number of important railway projects, especially the high-speed railway on the North-South axis, and railway lines connecting Vietnam and China. Review legal regulations to decentralize and delegate maximum authority to localities in managing and investing in expressways and national highways, without creating additional administrative procedures.

Regarding acceptance and payment: Ministries, central and local agencies shall implement Decree No. 254/2025/ND-CP dated September 26, 2025 of the Government, making full use of new regulations on decentralization, delegation of authority, shortening procedures, simplifying payment records to disburse public investment capital in accordance with regulations; prepare payment records immediately for completed and accepted volumes to avoid accumulation at the end of the year, contributing to speeding up progress and completing the target of disbursing public investment capital in 2025.

Regarding problems related to raw materials: Ministries, central and local agencies shall proactively and urgently organize the implementation of the contents and policies stipulated in Resolution No. 66.4/2025/NQ-CP dated September 21, 2025. The Ministry of Agriculture and Environment shall preside over the synthesis and handling of related issues; coordinate with relevant ministries and branches to promptly monitor and provide guidance to remove obstacles and difficulties in the process of implementing the Resolution.

For ODA capital: The governing body and project owner review and speed up the project implementation progress; promptly complete the process of adjusting investment procedures, bidding, contract signing and problems in site clearance; promptly complete the procedures for introducing signatures and accounts with foreign donors; synthesize and send withdrawal applications for controlled expenditures to the Ministry of Finance to send to foreign donors.

For the National Target Programs: Program owners (Ministry of Agriculture and Environment, Ministry of Ethnic Minorities and Religions) review difficulties, problems and recommendations of ministries, central and local agencies in the process of disbursing capital for the 03 National Target Programs, coordinate with relevant ministries and agencies to promptly handle them according to assigned functions and tasks; report to competent authorities for matters beyond their authority.

Continue to promote the role of 08 Working Groups as assigned in Decision No. 1544/QD-TTg dated July 16, 2025 of the Prime Minister to strengthen inspection, supervision, and removal of obstacles in public investment disbursement at ministries, agencies, and localities, especially for ministries, agencies, and localities with large capital allocation but slow disbursement speed.

Regarding reporting regime: Strictly comply with the regime of reporting on the implementation and payment of public investment capital according to Circular No. 37/2025/TT-BTC dated June 12, 2025 of the Ministry of Finance, ensuring the content on implementation time and reporting form; weekly reporting regime according to Official Dispatch No. 169/CD-TTg dated September 21, 2025; reporting to Working Groups according to the provisions of Decision No. 1544/QD-TTg dated July 16, 2025 (ministries, central and local agencies subject to inspection have disbursement rates below the national average); seriously and fully update data information on the National Information System on Public Investment according to regulations. In particular, it is recommended that ministries, central and local agencies pay attention to closely coordinating with regional State Treasuries to promptly update disbursement data, ensure accuracy, serve management work, and take full responsibility for disbursement data reported to the Ministry of Finance./.

Source: https://baochinhphu.vn/giai-ngan-von-dau-tu-cong-9-thang-nam-2025-cao-hon-cung-ky-102251006165838395.htm