Specifically, by the end of May 2025, the total disbursed public investment capital reached about VND 199,325 billion, equivalent to 22.2% of the plan assigned by the Prime Minister and 24.1% of the plan approved by the National Assembly . Compared with the same period in 2024 when the new rate was 20.33% and 21.63%, it can be seen that the disbursement progress this year is showing positive changes.
Notably, in May alone, the disbursement level increased by nearly VND 68,000 billion compared to the end of April. This is a significant effort from ministries, branches and localities in promoting capital disbursement.
Among them, some central units have achieved very high disbursement rates. The Vietnam General Confederation of Labor leads with a disbursement rate exceeding 86%, followed by the Voice of Vietnam (over 73%), the Vietnam Bank for Social Policies (over 41%) and the Ministry of Public Security (over 40%).
At the local level, many provinces and cities are also accelerating, including Phu Tho (62.7%), Thanh Hoa (57.8%) and Lao Cai (51.8%). The group of localities achieving 45-51% also includes Thai Nguyen, Nam Dinh, Ha Giang , Ha Tinh, Ha Nam, Ninh Binh, Ba Ria-Vung Tau and Thua Thien Hue.
However, the gap between units is still very large. Up to 7 provinces and cities have disbursed less than 15% of the allocated capital. Many central ministries and branches are also on the list of disbursed less than 10%.
According to the Ministry of Finance, disbursement is still being delayed by many familiar problems that have not been completely resolved. First is the issue of compensation and Land clearance. Accordingly, many localities have not yet completed the determination of land origin, have not agreed on compensation levels with the people, or have encountered problems with legal documents when the land has been transferred many times. The issuance of land price lists in localities is also delayed due to the impact of the administrative unit merger process under the 2024 Land Law.
Along with that, the construction materials market is fluctuating strongly, significantly affecting the construction capacity of many projects. The scarcity of land, sand for foundation or the high cost of raw materials makes it difficult for many contractors to maintain progress, even having to ask for adjustments to the total investment.
Another major obstacle is the change in the administrative apparatus at the local level. The transformation of the organizational model towards a two-tier local government is causing disruptions in management, as many projects have to be transferred from the district level to the provincial level, or vice versa. The handover of documents, adjustment of capital plans, and decentralization of authority are prolonged, directly affecting the ability to disburse.
Faced with this situation, the Ministry of Finance has requested ministries, branches and localities to strictly implement the Government's direction, especially in reviewing, removing obstacles and reallocating capital plans in accordance with actual project implementation.
One of the key solutions is to completely handle projects with slow site clearance. The Ministry also requested localities to proactively update and adjust capital plans according to the new situation of administrative organizations to avoid disruptions in public investment management.
In addition, investors need to develop a specific disbursement plan for each time period, periodically report on implementation progress and commit to disbursement results. In case of failure to ensure progress, capital will be withdrawn and transferred to more urgent projects with more feasible progress.
For units that request to reduce capital plans due to no longer having demand, the Ministry of Finance emphasized that it will still consider disbursement efficiency based on the adjusted capital portion. This is to avoid the situation of "adjusting to avoid targets", reducing the pressure of implementation in reality.
With the goal of disbursing all public investment capital in 2025, the Ministry of Finance believes that there is no time for hesitation or indecision. Promoting public investment is not only a requirement for progress but also a driving force for growth and economic recovery in the current difficult context.
Source: https://baoquangninh.vn/giai-ngan-von-dau-tu-cong-nhieu-tin-hieu-tich-cuc-3361144.html
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