The Ministry of Finance has just sent công văn (official letter) No. 11602/BTC-PTHT reporting to the Prime Minister on the situation of implementing the public investment plan from the state budget for the first 6 months and estimated 7 months of 2025.
The disbursement rate increased compared to the same period in 2024.
In the context of the transition to a two-tiered government organizational model, the entire country has strived to further accelerate the disbursement of public investment capital plans for 2025. It is estimated that in July, the nationwide disbursement increased by VND 69,728 billion compared to the disbursement up to the end of June. The overall disbursement rate nationwide up to the end of July reached 43.9%, an increase of 10.1% compared to the same period in 2024 (33.8%); particularly, local budget capital (NDTP) reached a disbursement rate of 57.5%, an increase of 24.2% compared to the same period in 2024 (33.3%). Four out of 42 ministries and 19 out of 34 localities had disbursement rates at or above the national average; 38 out of 42 ministries and 15 out of 34 localities had disbursement rates below the national average.
Currently, the Government has submitted to the National Assembly Standing Committee for consideration a reduction in the 2025 state budget investment plan for several ministries, central agencies, and localities. Simultaneously, some ministries and localities have recently been allocated additional capital plans for 2025 by the Prime Minister, leading to insufficient time for these units to allocate and disburse these funds. Therefore, to ensure that the assessment of capital plan implementation results accurately reflects the actual situation of ministries, central agencies, and localities, the Ministry of Finance has adjusted the 7-month disbursement rate assessment for these units, based on the proposed reduction plan and excluding the newly allocated additional plan. Accordingly:
Six central ministries and agencies and 23 localities have estimated disbursement rates reaching the national average, including: the Social Policy Bank; the Vietnam General Confederation of Labor; the Voice of Vietnam ; Vietnam Electricity Corporation; the Ministry of National Defence; the Ministry of Public Security; Ha Tinh; Thanh Hoa; Ninh Binh; Nghe An; Phu Tho; Thai Nguyen; Bac Ninh; Lao Cai; Gia Lai; Quang Ngai; Tay Ninh; Hue; Dien Bien; Dak Lak; Tuyen Quang; Khanh Hoa; Hung Yen; Quang Ninh; Dong Thap; Hai Phong; Cao Bang; Ho Chi Minh City; and Lang Son.
Thirty central ministries and agencies and 11 localities have estimated disbursement rates below the national average.
Prevent any disruptions or interruptions in the implementation and disbursement of public investment funds.
To ensure that the disbursement rate of public investment capital in 2025 reaches 100% of the target set by the Prime Minister, contributing to promoting annual growth of 8% or more, ministries, central agencies, and localities need to seriously learn from experience and promptly, decisively, and effectively implement the goals, tasks, and solutions to promote the disbursement of public investment capital as directed in Resolution No. 205/NQ-CP dated July 6, 2025, of the Government on the regular meeting in June 2025. Based on this, the Ministry of Finance proposes that ministries, central agencies, and localities implement the following key recommendations and solutions:
(1) To decisively direct and organize the implementation, ensuring that there is no disruption or interruption in the implementation and disbursement of public investment capital during the period of rearranging and reorganizing administrative units at all levels, and switching to a 2-level local government organization model.
(2) Currently, many policy mechanisms on public investment have been amended to promote decentralization and delegation of power, creating more proactiveness and flexibility for levels, sectors, and localities in investment preparation and project implementation. On that basis, it is requested that ministries, central agencies, and localities urgently complete investment procedures for projects within their authority; proactively review and promptly cut the capital plan of slow-disbursing projects to reallocate and supplement other projects with good disbursement capacity and a need to accelerate progress, especially important and urgent projects, and strategic infrastructure projects.
At the same time, proactively develop disbursement plans and targets, require investors to report disbursement progress monthly and quarterly; promptly resolve any arising obstacles for each project, striving to achieve a disbursement rate of public investment capital of 60% of the plan assigned by the Prime Minister by the end of the third quarter, and 100% for the whole year of 2025.
(3) Continue to focus on resolving difficulties and obstacles in land clearance, mobilize the participation of the heads of Party committees, governments and the entire political system, strengthen leadership and direction, and supplement experienced personnel in land clearance work for communes; identify compensation and land clearance as a bottleneck in the project implementation process that needs to be resolved, minimizing the situation of projects waiting for land.
(4) For national important and key projects in the field of transportation:
The Ministry of Construction and local authorities are requested to accelerate the implementation of projects, strengthen inspection and supervision, clearly assign responsibilities, and closely coordinate between levels and sectors to ensure scientific and efficient work... in order to strive to complete the target of 3,000 km of expressways in 2025 and over 1,000 km of coastal roads in 2025; and to urgently complete investment procedures for new projects to ensure they meet the conditions for commencement on August 19, 2025, to celebrate the 80th anniversary of the successful August Revolution and National Day on September 2.
The Ministry of Construction is urgently adjusting the 2025 state budget investment plan for projects whose medium-term plans for the 2021-2025 period have been adjusted by the Prime Minister in Decision No. 1250/QD-TTg dated June 23, 2025, to supplement the capital plan for the Lao Cai - Hanoi - Hai Phong railway project.
(5) For ODA projects: The managing agencies and project owners should expedite the completion of investment procedures for the projects; at the same time, closely monitor the project implementation progress and project adjustment progress, promptly resolve obstacles and difficulties in project implementation and disbursement, direct the focus on accelerating disbursement of projects that have completed investment procedures, bidding work, and contract signing; coordinate with the Ministry of Finance to promptly exchange information with donors in case of arising problems.
(6) Regarding local budget capital: Localities continue to accelerate the progress of local budget collection, especially land use revenue to ensure the progress of capital allocation; at the same time, proactively and promptly report to competent authorities to have solutions to supplement capital sources in case of insufficient land use revenue to ensure capital allocation for projects.
(7) Local authorities are requested to urgently implement and disburse capital for projects, especially national important projects and key transport projects under the management of local authorities, specifically: Ninh Binh - Hai Phong Expressway (CT.08), DATP3 construction of Ring Road 4 Hanoi Capital Region Expressway, Gia Nghia - Chon Thanh Expressway, Tan Phu - Bao Loc Expressway, Bao Loc - Lien Khuong Expressway, Ho Chi Minh City Ring Road 3, Ho Chi Minh City - Moc Bai Expressway (PPP);...
(8) For national target programs:
Urgently complete the updating of reports on the implementation results of national target programs for the period 2021-2025 on the Information System for Monitoring and Evaluating National Target Programs, as stipulated in Decision No. 25/2025/QD-TTg dated July 22, 2025, of the Prime Minister, which regulates the construction of databases and online reporting regimes on the System for monitoring and evaluating national target programs, before August 1, 2025, following the guidance of the Ministry of Finance.
Proactively review and promptly issue or submit to competent authorities for issuance of legal documents and guidelines on the management and implementation of national target programs, in synchronization with the restructuring of administrative units at all levels and the construction of a two-tiered local government organizational model, ensuring uninterrupted implementation as directed by Deputy Prime Minister Ho Duc Phoc in Document No. 6352/VPCP-KTTH dated July 9, 2025, on accelerating the disbursement of national target programs.
The program-implementing agencies (Ministry of Agriculture and Environment, Ministry of Ethnic Minorities and Religions) should urgently review and compile proposals from ministries, central and local agencies that no longer need to use the funds, and return them to the central budget. These proposals should be submitted to the Ministry of Finance for compilation and reporting to the competent authority for consideration and decision on adjusting the public investment plan from the central budget.
(9) Urgently implement the allocation of public investment plans for the second and third phases of national target programs and supplementary central budget capital from increased central budget revenue in 2024 as prescribed, ensuring timely disbursement in the last months of the year.
(10) Strictly comply with the reporting regime 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 forms; strictly implement the full updating of data information on the National Information System on public investment as prescribed.
Wisdom
Source: https://baochinhphu.vn/giai-ngan-von-dau-tu-cong-den-het-thang-7-uoc-dat-3945-ke-hoach-102250805002007617.htm
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