Ho Chi Minh City has to 'spend' 10,000 billion VND every month.

TPO - According to Mr. Phan Van Mai, Chairman of Ho Chi Minh City, the city must disburse 10,000 billion VND each month during the remaining six months of this year. Although the peak of compensation, land clearance, and new projects is in the fourth quarter, without close monitoring, it will be difficult to achieve the 95% disbursement rate as initially planned.

Disbursement of 10,000 billion VND per month.

Speaking at a meeting on the socio -economic situation in July and the first seven months of the year in Ho Chi Minh City on the afternoon of August 1st, Chairman of the People's Committee of Ho Chi Minh City, Phan Van Mai, stated that this year the People's Committee of Ho Chi Minh City has allocated and detailed the public investment plan with a capital of 79,263 billion VND. However, according to data from the State Treasury of Ho Chi Minh City, as of July 26th, the city had only disbursed over 11,800 billion VND, reaching only 15% of the allocated capital.

Chairman of the Ho Chi Minh City People's Committee Phan Van Mai speaks at the meeting. Photo: Press Center.

According to Mr. Mai, the City People's Committee has held numerous meetings and issued many documents recently, and this task is being monitored daily with weekly statistical reports and directives.

He also stated that the key to effective management is to delve into each specific project, identify obstacles, and develop concrete solutions with a firm commitment to achieving progress within this year; general statements are unacceptable.

According to the head of the Ho Chi Minh City government, the city must disburse 10,000 billion VND each month during the remaining six months. Furthermore, although the peak of compensation and land clearance projects, as well as new projects, is in the fourth quarter, without close monitoring, it will be difficult to achieve the 95% disbursement rate as initially planned.

You may also like

Prevent public housing and land from being left abandoned, encroached upon, or disputed, which would lead to waste.Ho Chi Minh City: The Chairman of the People's Committee of Ho Chi Minh City has instructed relevant units and localities to simultaneously implement various solutions to effectively utilize public housing and land resources.

Implementing key projects is a central political task and a top priority in the remaining months of the year.(Chinhphu.vn) - The Government Office has just issued Notice No. 343/TB-VPCP dated July 1, 2026, summarizing the conclusions of Prime Minister Le Minh Hung at the Conference reviewing the first six months of 2026 of the Steering Committee for Key Projects (Special topic on transportation).

Chairman of Lam Dong Provincial People's Committee Ho Van Muoi: Determined to achieve the highest possible level of completion for the 2026 targets.On the afternoon of July 2nd, continuing the program of the 4th Session of the Lam Dong Provincial People's Council, 11th term, 2026-2031, Comrade Ho Van Muoi, Member of the Central Committee of the Party, Deputy Secretary of the Provincial Party Committee, and Chairman of the Lam Dong Provincial People's Committee, delivered a speech acknowledging and further clarifying the opinions raised by delegates during this morning's discussion session.

"I suggest that investors focus on accelerating construction progress, completing documentation for disbursement, and committing to monthly disbursement amounts," Mr. Mai noted, and requested that public procurement be immediately lifted this week or next week, proposing to maintain the target of completing the year's public procurement plan in the third quarter.

Series of major events in the second half of the year

Mr. Phan Van Mai requested that departments and localities focus on implementing tasks from 50 projects to celebrate the 50th anniversary of the liberation of Southern Vietnam, as well as other key projects. Accordingly, focus should be placed on completing and following up on the Ho Chi Minh City - Moc Bai Expressway project and the Can Gio International Transshipment Port project.

"These two dossiers are currently on the Government's Standing Committee's desk; we need to continue monitoring them so that the investment policy can be approved this August," Mr. Mai stated.

In addition, the next step is to finalize and submit the dossiers for the following projects: the Ring Road 4 project, the urban railway project, and the International Financial Center project. Mr. Mai noted that the dossiers for these three projects need to be completed urgently for submission to the Government, which will then report to the Politburo and present them to the National Assembly at the end-of-year session.

According to Chairman Phan Van Mai, the International Financial Center project, as announced by the Ministry of Planning and Investment, will only be reported to the Politburo by October 11th. Therefore, if the city registers and reports on schedule, it will still be eligible to submit it to the National Assembly.

Representatives from city departments and agencies exchanged views at the meeting.

United States - Vietnam: Don't miss

The Ministry of Foreign Affairs received a copy of the Letter of Credence for the U.S. Ambassador to Vietnam.On the afternoon of July 2nd, at the Ministry of Foreign Affairs headquarters, Mr. Le Cong Dung, Director of the State Protocol and Foreign Interpretation Department, received a copy of the Letter of Credence from Ms. Jennifer Wicks, Ambassador of the United States of America to Vietnam.

Ambassador Nguyen Quoc Dung visits and works in Minnesota, USA.From June 28-30, the Vietnamese Ambassador to the United States, Nguyen Quoc Dung, paid a visit and worked in Minnesota.

Vietnam encourages US businesses to expand investment in high technology.On the morning of June 26th, at the Government Headquarters, Deputy Prime Minister Ho Quoc Dung received Mr. Jeff Place, Supply Chain Director of Coherent Group (USA). During the meeting, the Deputy Prime Minister affirmed that Vietnam encourages US businesses to expand investment, especially in high-tech, innovation, and semiconductor industries.

The head of the city government also emphasized the urgent need to finalize the administrative unit reorganization plan. According to him, the regulation stipulates that it must be submitted by July 31st, but it is not yet complete. Therefore, efforts must be made to finalize it this August, and the steering committee will hold a meeting next week to implement it.

The Chairman of the Ho Chi Minh City People's Committee also highlighted several key tasks and events that need immediate preparation this month, especially the working session between the Prime Minister and Ho Chi Minh City.

Ngo Tung - Van Son

Source: https://tienphong.vn/moi-thang-tphcm-phai-tieu-10000-ty-dong-post1660028.tpo