Upholding the spirit of responsibility and striving to complete the target of disbursing public investment capital by 2025

Prime Minister Pham Minh Chinh chairs the national online conference on promoting public investment in 2025. (Photo: Tran Hai)

Also attending were Deputy Prime Ministers , leaders of ministries, branches, central agencies; leaders of corporations, general companies, state-owned commercial banks; and online bridges from 34 provinces and centrally-run cities.

In his opening remarks at the conference, Prime Minister Pham Minh Chinh emphasized that 2025 is just over two months away, so we must accelerate and make breakthroughs with many socio -economic development targets assigned by the Central Government and the National Assembly to the Government and local authorities. This requires all levels, sectors and localities to lead and direct to fulfill their responsibilities to the Party, the State and the people, demonstrating enthusiasm for their work and for the country.

The Government has set a growth target of 8% or more this year to create momentum, create momentum, and position to enter a new era, creating the premise for double-digit growth in the coming years. One of the growth drivers is investment, including public investment; budget revenue must be increased and regular expenditure must be reduced.

View of the National Conference to promote public investment in 2025. (Photo: Tran Hai)

The Prime Minister pointed out that the disbursement rate of public investment capital this term has increased significantly compared to the previous term, which is a great effort of the entire Party, people and army. Up to this point, the disbursement of public investment capital has been well implemented, avoiding the situation of spreading out.

This year, the capital for public investment reached about 1.11 million billion VND, which is a great effort in capital allocation. Ministries, branches, localities, agencies and units need to strive to disburse 100% of this capital this year, contributing to growth. This depends on the great efforts of the entire political system, requiring a lot of time, investment of effort, and completion of a huge amount of work.

Therefore, the Prime Minister hopes that leaders at all levels, sectors and localities will demonstrate a sense of responsibility towards the country, considering public investment as a driving force for economic growth, contributing to improving the material and spiritual life of the people.

Government members attending the conference. (Photo: Tran Hai)

However, the Prime Minister frankly pointed out that as of October 16, the whole country had only disbursed nearly 455 trillion VND, reaching 50.7% of the plan assigned by the Prime Minister; this figure was still low compared to the requirements. There were 29 ministries, central agencies, and 18 localities with disbursement rates below the national average.

The Prime Minister suggested that the conference should analyze the objective and subjective causes, what are the bottlenecks of slow disbursement, what are the obstacles, and where are the obstacles? In the same legal framework and conditions, there are places where disbursement has been completed. The Ministry of Finance needs to clarify the transfer of capital from places with low disbursement to places with good disbursement.

Deputy Prime Minister Tran Hong Ha speaks at the conference. (Photo: Tran Hai).

The Prime Minister pointed out that the Politburo has issued Regulation 366-QD/TW dated August 30, 2025 on reviewing, evaluating and classifying the quality of collectives and individuals in the political system, which sets out criteria for evaluating officials in the issue of disbursement of public investment capital. Therefore, the Prime Minister requested to strictly grasp Regulation 366 to implement it with the highest sense of responsibility towards the Party, the State and one's conscience.

The Prime Minister affirmed that each construction project that is built and each project that is completed brings joy, happiness, and excitement to the people and development to the country. Therefore, we must "talk less and do more", demonstrating through specific products. The Prime Minister requested that the conference also clarify who is responsible for the slow disbursement situation, and resolve any problems that arise, avoiding shirking responsibility in the disbursement of public investment capital.

Government members, leaders of ministries, branches and central agencies attended the conference. (Photo: Tran Hai)

The Ministry of Finance said that the total state budget public investment plan for 2025 assigned by the Prime Minister is VND897,253.3 billion (including: central budget capital of VND421,526 billion and local budget capital of VND475,727.3 billion). The total capital allocated by ministries, central agencies and localities is VND871,050.7 billion, reaching 97.1% of the capital plan assigned by the Prime Minister. The remaining capital that has not been allocated in detail is VND26,202.6 billion, from 20 ministries and 26 localities, accounting for 2.9% of the state budget capital plan for 2025; of which the central budget is VND26,109.8 billion and the local budget is VND92.8 billion.

The reason for not allocating the above capital is that: 19,086.7 billion VND has just been assigned to supplement from the source of increased revenue and savings of the central budget in 2024; 4,696.8 billion VND of the central budget capital plan in 2025 has just been transferred from ministries and localities with low disbursement to ministries and localities in need of additional capital to speed up implementation progress.

Leaders of the Ministry of Finance report at the conference. (Photo: Tran Hai)

Disbursement from the beginning of the year to October 16, 2025 was VND 454,946.6 billion, reaching 50.7% of the plan assigned by the Prime Minister, an increase of VND 14,544.3 billion compared to the disbursement amount up to the time of reporting to the Government on September 30, 2025. By October 16, 2025, there were 9 ministries, central agencies and 16 localities with disbursement rates above the national average; in addition, there were 29 ministries, central agencies and 18 localities with disbursement rates below the national average.

Disbursement of public investment capital is identified as one of the key political tasks; the Government and the Prime Minister have paid great attention and given close and decisive direction right from the beginning of the year, directing the organization of many national conferences and issuing a series of telegrams and directives.

The Prime Minister and Deputy Prime Ministers regularly make working trips to localities to directly direct and resolve problems and difficulties in institutions, processes, regulations, etc., and inspect the progress and quality on the ground of important national works and key projects.

The conference was broadcast live to the headquarters of the People's Committees of 34 provinces and centrally-run cities. (Photo: Tran Hai).

In order to enhance discipline, order, speed up the implementation and disbursement of public investment capital, the Prime Minister issued Decision No. 2773/QD-TTg dated October 16, 2025 to adjust the central budget capital plan from ministries and localities with low disbursement to ministries and localities in need of additional capital to speed up the implementation progress. At the same time, continuing to implement the Prime Minister's direction in Official Dispatch No. 169/CD-TTg dated September 21, 2025, the Ministry of Finance issued Submission No. 1440/TTr-BTC dated October 16, 2025 to report to the Government to adjust the public investment capital plan for 2025.

The work of perfecting institutions continues to be promoted. The Government and the Prime Minister have directed the amendment, supplementation and adjustment of regulations of many laws, decrees and resolutions to remove difficulties and obstacles; strengthen decentralization, decentralization, cut and simplify processes, procedures, records, and digitize the entire process of approval, allocation, payment and settlement of public investment capital.

Under the drastic management, the work of arranging and disbursing public investment capital has achieved many outstanding results. State budget capital is focused on key infrastructure projects, highways, airports, high-speed railways, creating new development momentum for regions and localities. Since the beginning of the year, more than 455km of highways have been completed; 364km of new highways have been started, aiming to complete the target of 3,000km by the end of 2025. Discipline and order in public investment have been strengthened; ministries, branches and localities regularly review, adjust and transfer capital between projects, ensuring efficiency, transparency and progress, contributing significantly to economic growth, macroeconomic stability and sustainable development.

Ha Thanh Giang

Source: https://nhandan.vn/neu-cao-tinh-than-trach-nhiem-no-luc-hoan-thanh-muc-tieu-giai-ngan-von-dau-tu-cong-nam-2025-post916223.html