Disbursement of public investment capital accelerates in the first 5 months of 2025

Project enterprises speed up construction of Huu Nghi - Chi Lang ( Lang Son ) border gate expressway project items to disburse capital.

The Ministry of Finance has just reported to the Prime Minister in Document No. 7474/BTC-DT on the implementation of the state budget public investment plan for 4 months, estimated for 5 months of 2025.

Regarding the disbursement of planned capital for 2025, the Ministry of Finance said that the cumulative disbursement from the beginning of the year to April 30 was VND 131,667.2 billion, reaching 14.64% of the plan (VND 899,532.8 billion), equal to 15.94% of the plan assigned by the Prime Minister . Of which, the National Target Program was VND 4,935.1 billion, reaching 22.47% of the plan assigned by the Prime Minister.

Estimated disbursement from the beginning of the year to May 31 is 199,325.2 billion VND, reaching 22.2% of the plan, reaching 24.1% of the plan assigned by the Prime Minister.

This figure is higher than the same period in 2024 (reaching 20.33% of the plan and 21.63% of the plan assigned by the Prime Minister); of which, the National Target Program is 7,054.6 billion VND (reaching 32.12% of the plan assigned by the Prime Minister).

Assessing the capital disbursement situation, the Ministry of Finance said that the estimated disbursement nationwide by the end of May reached 24.1% of the plan assigned by the Prime Minister, higher than the disbursement rate in the same period in 2024 (reaching 21.6%); in which, local budget capital alone reached 27.5% (higher than the same period in 2024 at 21.1%).

However, the central budget capital only reached 19.6% (lower than the same period in 2024 at 22.6%).

Compared to the national disbursement rate in the first 4 months of the year, the disbursement progress has accelerated significantly, catching up with the progress compared to the same period last year (cumulative disbursement by the end of February reached 5.43%, by the end of March reached 9.72%, by the end of April reached 15.9% of the plan assigned by the Prime Minister).

Also according to the Ministry of Finance, in the first 5 months of 2025, compared to the plan assigned by the Prime Minister, 10/47 ministries, central agencies and 39/63 localities had estimated disbursement rates reaching the national average; 37/47 ministries, central agencies and 24/63 localities had estimated disbursement rates below the national average.

Some ministries and central agencies have disbursement rates of over 30% such as the Vietnam General Confederation of Labor (86.43%), Voice of Vietnam (73.82%), Vietnam Bank for Social Policies (41.2%), Ministry of Public Security (40.5%) and localities with disbursement rates of over 40% such as: Phu Tho (62.7%), Thanh Hoa (57.8%), Lao Cai (51.8%), Thai Nguyen (51%), Nam Dinh (50.4%), Ha Giang (48.8%), Ha Tinh (48.7%), Ha Nam (45.3%), Ninh Binh (45.1%)...

On the local side, in May alone, the investment capital implemented from the State budget managed by Hanoi reached VND 6,329 billion, up 10.3% over the previous month and up 36.4% over the same period in 2024; of which, the city-level capital reached nearly VND 2,947 billion, the district and commune-level capital were VND 3,094 billion and VND 288 billion, respectively.

Construction of Ring Road 4 section passing through Hoai Duc and Dan Phuong districts

In the first 5 months of the year, Hanoi has disbursed 26,300 billion VND, equivalent to 25.1% of the yearly plan and a sharp increase of 41% over the same period last year.

A representative of the Hanoi Statistics Office said that the main reasons for the slow progress were difficulties in site clearance, fluctuations in construction material prices, resource shortages at mines, and problems with resettlement for residents.

Some projects encountered procedural obstacles, prolonged approval time and adjustment of technical documents, leading to delays in the implementation of bidding packages.

Ms. Le Thi Huynh Mai, Director of the Ho Chi Minh City Department of Finance, said that as of May 28, the city had disbursed VND8,710 billion, reaching 10.2% of the total public investment capital in 2025 of over VND85,517 billion.

This result shows that Ho Chi Minh City's recent efforts to promote public investment have not been effective, and more drastic solutions are needed in the coming time.

The Ministry of Finance also said that in the first 5 months of the year, there were still some ministries and central agencies that had not disbursed or disbursed very little, below 10%, and 7 localities disbursed below 15%.

To complete the goal of disbursing 100% of the public investment capital plan in 2025, the Ministry of Finance requires ministries, branches and localities to seriously learn from experience and urgently and resolutely implement assigned tasks.

Regarding the process of arranging and reorganizing administrative units at all levels and building a 2-level local government organization model: Resolutely direct and organize the implementation of tasks related to the management and use of unfinished public investment capital of programs and projects such as planning, appraisal, site clearance, project implementation, volume acceptance, payment, etc.

Along with that, localities actively direct the review and adjustment of capital plans from the old district level to the provincial level or down to the commune level; legal documents must be clearly handed over, investors and project management boards must closely coordinate with departments, branches and sectors at all levels to ensure continuity, limit the occurrence of breaks and interruptions in the implementation and disbursement of public investment capital for tasks and projects.

Contractors speed up construction progress of Ring Road 4 project in Que Vo town, Bac Ninh province

In addition, localities need to focus on removing difficulties and obstacles in site clearance; mobilize the participation of leaders of Party committees, authorities and the entire political system; strengthen leadership and direction; identify compensation and site clearance as a bottleneck in the project implementation process that needs to be focused on removing, minimizing the situation of projects waiting for site clearance.

For ODA projects, the managing agencies and project owners must closely follow the project implementation progress and project adjustment progress, promptly remove obstacles and difficulties in project implementation and disbursement, direct the focus on promoting disbursement of projects that have completed investment procedures, bidding work, and contract signing; coordinate with the Ministry of Finance to promptly discuss with donors in case of arising problems.

For local budget capital, localities need to speed up the progress of local budget collection, especially land use collection to ensure capital allocation progress.

On the other hand, speed up the implementation of key and important national projects in the field of transport; strengthen inspection and supervision, clearly assign responsibilities, closely coordinate between levels and sectors to ensure scientific and effective work... to strive to complete at least 3,000 km of expressways and over 1,000 km of coastal roads in 2025; urge to speed up the implementation of important projects and works, large projects that meet the conditions according to regulations, expected to start construction and inaugurate to celebrate the 80th anniversary of the successful August Revolution and National Day September 2.

In addition, the Ministry of Finance has announced the extension of the implementation and disbursement time of the 2024 central budget public investment plan to 2025, requesting ministries, central and local agencies to focus on urgently disbursing the above-mentioned extended capital source.

Along with the common solutions of the whole country, the Hanoi People's Committee has requested departments, branches and localities to strengthen public investment management, promote disbursement along with quality control, and prevent waste and loss.

The city also promotes inter-sectoral coordination mechanisms to promptly remove bottlenecks in terms of land and procedures.

Besides, Hanoi continues to propose the Central Government to support institutions, while expanding decentralization and delegation of power so that districts can proactively handle local-related issues.

Considering public investment as an important driving force for growth, Ho Chi Minh City will focus on drastic and synchronous solutions to remove "bottlenecks" to accelerate public investment disbursement progress, determined to improve public investment disbursement, creating strong momentum for economic growth.

Ms. Le Thi Huynh Mai said that in addition to proactively and urgently reviewing and removing difficulties and limiting the delay in disbursement of public investment capital, the city continues to assign responsibility for implementing public investment to leaders of departments, branches and localities and has a commitment to responsibility.

Chairman of the Ho Chi Minh City People's Committee Nguyen Van Duoc also requested leaders of departments, branches and localities to sign a written commitment to ensure the implementation of the capital plan for the whole year, in order to create an important driving force for the city to complete and exceed the growth target assigned by the Central Government.

The city will manage based on efficiency and results and have a strict penalty mechanism for localities and departments that do not fully meet their committed goals.
TH (according to VNA)

Source: https://baohaiduong.vn/giai-ngan-von-dau-tu-cong-tang-toc-trong-5-thang-dau-nam-2025-413202.html