Hai Phong ensures progress of public investment disbursement in the first 6 months of the year

According to the report of the Hai Phong Department of Finance (former Hai Phong City, now Hai Phong City), as of June 20, 2025, the city has disbursed 6,425 billion VND, equal to 25.3% of the plan assigned by the Prime Minister and the city's plan (25,440.605 billion VND). Of which, the central budget capital disbursed is 459.245 billion VND, reaching 100%; the city's budget capital disbursed is nearly 5,966 billion VND, reaching 24% of the city's plan (24,981.36 billion VND).

This figure is lower than the same period in 2024 (equal to 29% of the Prime Minister's plan). The reason is that the city was assigned a higher public investment capital plan in 2025 than in 2024, so the disbursement rate of public investment capital this year is lower than last year.

Construction site of Ring Road 2 project, Tan Vu - Hung Dao - Bui Vien street section.

In 2025, the public investment capital plan assigned to Hai Phong City is 25,440.605 billion VND. Of which, the central capital source is 459.245 billion VND; the city's capital source and the contribution of enterprises are 24,969.586 billion VND (including the concentrated basic construction source of more than 4,189.9 billion VND; the land use fee source of more than 17,709.1 billion VND; the lottery source is 50 billion VND, the local government bond source is 2,691 billion VND; the contribution of enterprises is more than 329 billion VND). This disbursement progress is slow compared to the general progress of the whole country and has not closely followed the disbursement progress assigned by the Standing Committee of the City Party Committee in Directive No. 43.

Mr. Nguyen Ngoc Tu, Director of Hai Phong Department of Finance, said that in the dispatches on urging the acceleration of allocation and disbursement of public investment capital in 2025, the Prime Minister directed localities to proactively review and transfer capital according to their authority between projects with slow disbursement to projects with better disbursement capacity and lacking capital according to regulations.

Recently, the People's Committee of Hai Phong City proposed to adjust and supplement (for the 14th time) the medium-term public investment plan for the period 2021-2025 and adjust and supplement (for the 2nd time) the public investment plan for the year 2025. Specifically, the medium-term public investment plan for the period 2021-2025 from the city budget will be adjusted up from VND 88,610.9 billion to more than VND 88,629.1 billion (an increase of VND 18,293 billion). Of which, the land use fee revenue will be adjusted up from VND 53,785.85 billion to VND 54,085.85 billion; the local government bond source will be reduced from VND 2,691.4 billion to VND 370 billion; and the city budget revenue source for 2024 will be VND 2,039.693 billion.

Adjusting and supplementing the public investment capital plan will contribute to balancing capital sources as well as ensuring conditions for disbursing the assigned capital plan. However, the results of capital disbursement in the first 6 months of this year show that, of the 28 investors assigned with capital investment plans for the city's projects, 9 investors have not yet disbursed; for additional capital with targets and decentralized to localities, 7 localities have disbursed below the average level; for capital for new rural construction, 2 localities have disbursed below the average level and 1 locality has not yet disbursed.

Therefore, to complete the target of disbursing 100% of the capital plan as directed by the Prime Minister, the People's Committee of Hai Phong City requires departments, branches, units, and investors assigned capital to continue to focus on solutions. In particular, focusing on accelerating the progress of site clearance and construction of projects and works allocated capital; finalizing completed projects and works.

For the old Hai Duong province (now Hai Phong city), in recent times, construction activities in Hai Duong have improved, many projects, roads, bridges... have been focused on speeding up progress; for projects using public investment capital, the province prioritizes implementation, early completion and putting into use of works and projects according to planning and plans.

According to updated data from the Provincial People's Committee Office, as of June 29, Hai Duong has disbursed more than VND 5,700 billion in public investment capital, reaching 46.4% of the plan assigned by the province and 54.6% of the plan assigned by the Prime Minister, higher than the national average (32.06%). Compared to the same period in 2024, the disbursement results in the first 6 months of this year increased in both value and rate (in the same period in 2024, the whole province disbursed nearly VND 1,100 billion).

The East-West axis road construction project is being implemented in two priority phases.

Some localities have high disbursement rates such as Ninh Giang at 56.5%, Thanh Mien 55.7%, Binh Giang 53%, Tu Ky 51.2%...

According to the assessment of the leaders of Hai Duong Department of Finance, the results of disbursement of public investment capital in Hai Duong in the first months of the year were favorable because the 2025 plan was allocated by all levels to programs, projects, tasks, and projects and promptly implemented right from the beginning of the year. The capital was allocated in accordance with the provisions of the law on public investment.

The People's Committee of Hai Duong province has promptly issued a scenario for the implementation progress and disbursement of public investment capital in 2025 every month for all projects of the three budget levels (province, district, commune). Party committees and authorities at all levels have focused on thoroughly disseminating and directing investors and relevant units to urgently complete investment procedures, along with urging to accelerate the implementation progress and disbursement of public investment capital according to plan.

Source: https://baodautu.vn/hai-phong-dam-bao-tien-do-giai-ngan-von-dau-tu-cong-6-thang-dau-nam-d317673.html