Disbursement of public investment capital is on the rise

At the Government press conference held on the afternoon of October 5, Deputy Minister of Finance Nguyen Duc Chi said that the public investment plan for 2025 was assigned 1,112,000 billion VND. Updated to September 30, 2025, the disbursement rate has reached over 51% of the plan. The Government's goal and action is to disburse 100% of the plan by 2025.

To achieve this goal, the Prime Minister has directed the Deputy Prime Ministers, who are directly the Heads of working groups, to grasp and have timely solutions to support the resolution of difficulties and problems of localities, ministries, branches, and investors; on that basis, speed up the construction progress, speed up the disbursement of public investment capital and aim for the target of 100%.

Photo caption — Construction of the National Highway 14B renovation and upgrade project, the section passing through Da Nang, has a total investment of more than 788 billion VND. Photo: Hai Au/VNA

Responding to the press's question about whether the disbursement of 100% of public investment capital will affect inflation or not, the Deputy Minister of Finance said: "We do not have to worry, do not have to worry that the disbursement of public investment will have a negative impact on other macroeconomic indicators or major balances of the economy; it will have a positive impact on all the indicators set at the beginning of the year. The Government is operating and implementing drastic solutions."

Reporting at the Government Conference with localities held on the morning of October 5, a representative of the Ministry of Finance said that public investment disbursement in the first 9 months of this year was positive in the context that this year, public investment resources are very large.

According to the Ministry of Finance, the public investment plan assigned at the beginning of the year was 825,922.3 billion VND. However, up to now, plus the portion transferred from the previous year, as well as additional allocation from the increased central budget revenue, the local budget balance has been increased.

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, such as Ha Tinh, Thanh Hoa, Ninh Binh, Lao Cai, Thai Nguyen, Phu Tho, Bac Ninh, Gia Lai, Hai Phong, Nghe An, Quang Ninh... This is a noteworthy point.

In particular, in the context of transferring the 2-level local government model, some localities have made great efforts and determination in directing to soon complete the work of perfecting and transferring the organizational apparatus; at the same time, 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%...

However, there are still 29 ministries, central agencies and 13 localities with estimated disbursement rates below the national average. Last month, these ministries and localities were criticized by the Prime Minister for slow disbursement.

Before the Government meeting, the Ministry of Finance also held a regular press conference for the third quarter of 2025. At this meeting, Mr. Le Tien Dung, Deputy Director of the Department of Infrastructure Development (Ministry of Finance) emphasized the positive results in disbursement of public investment capital in the context of local authorities at all levels just starting to operate under a new model, many localities are affected by natural disasters, storms and floods...

According to Mr. Le Tien Dung, the Ministry of Finance has implemented many drastic solutions since the beginning of the year. Specifically, the Ministry has submitted to the Government and the Prime Minister the establishment of 8 working groups led by the Prime Minister and Deputy Prime Ministers to work directly with ministries, branches and localities to remove existing problems and obstacles.

In addition, the Ministry also submitted to the Prime Minister to organize 3 national online conferences with the participation of 34 localities, chaired by the Prime Minister, to discuss solutions to promote disbursement towards the target of 100% of the plan...

The results achieved are remarkable, but in a recent report to the Government, Minister of Finance Nguyen Van Thang also said that the target of 100% of the planned public investment disbursement rate "is still a challenge".

According to Minister Nguyen Van Thang, in addition to the causes of implementation organization, there are still some problems in legal regulations and new issues arising from practice. In particular, according to the provisions of the 2024 Land Law, the condition for land recovery is to complete the arrangement and resettlement; people whose land is recovered to implement new urban construction projects are arranged in temporary housing or supported with housing rental (temporary housing) when implementing land recovery while waiting for resettlement arrangement...

Thus, other cases will not be eligible for temporary residence support and need to be resolved soon to speed up disbursement of public investment capital and remove obstacles for strategic and key infrastructure projects in the 2026 - 2030 period.

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