A view of the National Conference on Promoting Public Investment in 2025. (Photo: Tran Hai)

Also attending were Deputy Prime Ministers , leaders of central ministries, departments, and agencies; leaders of state-owned corporations, general companies, and commercial banks; and representatives from 34 provinces and centrally-administered cities via online connection.

In his opening remarks at the conference, Prime Minister Pham Minh Chinh emphasized that with only a little over two months left until the end of 2025, we must accelerate and make breakthroughs in achieving the many socio -economic development targets assigned by the Central Committee and the National Assembly to the Government and local authorities. This requires all levels, sectors, and localities to lead and direct efforts 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 higher this year to create momentum and strength for entering a new era, laying the groundwork for double-digit growth in the coming years. One of the drivers of growth is investment, including public investment; it is necessary to increase budget revenue and reduce recurrent expenditures.

The Prime Minister stated that the disbursement rate of public investment capital in this term has increased significantly compared to the previous term, a result of the tremendous efforts of the entire Party, the entire people, and the entire army. To date, the disbursement of public investment capital has been carried out effectively, avoiding a scattered approach.

This year, the capital allocated for public investment reached approximately 1.11 trillion VND, representing a significant effort in capital allocation. Ministries, sectors, localities, agencies, and units must strive to disburse 100% of this capital this year, contributing to growth. This depends on the great efforts of the entire political system, requiring considerable time, investment, and the completion of a very large volume of work.

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

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

The Prime Minister requested that the conference analyze the objective and subjective causes of slow disbursement, identifying the bottlenecks and obstacles. He noted that under the same legal framework and conditions, some areas have completed disbursement. The Ministry of Finance needs to clarify the reallocation of funds from areas with low disbursement rates to those with high disbursement rates.

The Prime Minister stated that the Politburo had issued Regulation 366-QĐ/TW on August 30, 2025, regarding the review, evaluation, and ranking of the quality of collectives and individuals within the political system, which includes criteria for evaluating officials in the disbursement of public investment funds. Therefore, the Prime Minister requested that Regulation 366 be strictly adhered to and implemented with the highest sense of responsibility to the Party, the State, and one's conscience.

The Prime Minister affirmed that every construction project and every completed project brings joy, happiness, and excitement to the people and development to the country. Therefore, it is necessary to "talk less and do more," demonstrating this through concrete results. The Prime Minister also requested that the conference clarify who is responsible for the slow disbursement of public investment funds, identify obstacles, and resolve them, avoiding shirking responsibility in the disbursement of public investment capital.

According to the Ministry of Finance, the total public investment plan from the state budget for 2025, as assigned by the Prime Minister, is VND 897,253.3 billion (including VND 421,526 billion from the central budget and VND 475,727.3 billion from local budgets). The total capital allocated by ministries, central agencies, and localities is VND 871,050.7 billion, reaching 97.1% of the plan assigned by the Prime Minister. The remaining unallocated capital is VND 26,202.6 billion, belonging to 20 ministries and 26 localities, accounting for 2.9% of the state budget plan for 2025; of which VND 26,109.8 billion is from the central budget and VND 92.8 billion is from local budgets.

The reason for not allocating the aforementioned capital is: 19,086.7 billion VND was newly allocated from increased revenue and savings in the central government budget in 2024; and 4,696.8 billion VND from the central government budget plan for 2025 was recently transferred from ministries and localities with low disbursement rates to those with additional capital needs to accelerate implementation.

Disbursements from the beginning of the year to October 16, 2025 totaled 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 as of the report to the Government on September 30, 2025. As of October 16, 2025, nine ministries and central agencies and 16 localities had disbursement rates above the national average; in addition, 29 ministries and central agencies and 18 localities had disbursement rates below the national average.

Disbursing public investment funds has been identified as one of the key political tasks; the Government and the Prime Minister have paid close attention and provided decisive guidance from the very beginning of the year, directing the organization of numerous national conferences and issuing a series of official dispatches and directives.

The Prime Minister and Deputy Prime Ministers regularly make working trips to localities to directly supervise and resolve institutional, procedural, and regulatory obstacles, and to inspect the progress and quality of national key projects and priority projects on-site.

In order to improve discipline and order, and to accelerate 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 rates to those with additional capital needs to accelerate implementation progress. Simultaneously, continuing to implement the Prime Minister's directive in Official Dispatch No. 169/CD-TTg dated September 21, 2025, the Ministry of Finance submitted Proposal No. 1440/TTr-BTC dated October 16, 2025, to the Government to adjust the 2025 public investment capital plan.

The work of improving the institutional framework continues to be accelerated. The Government and the Prime Minister have directed the amendment, supplementation, and adjustment of regulations in many laws, decrees, and resolutions to remove difficulties and obstacles; strengthening decentralization and delegation of power, eliminating and simplifying processes, procedures, and documents, and digitizing the entire process of approving, allocating, paying, and settling public investment capital.

Under decisive leadership, the allocation and disbursement of public investment capital have achieved many outstanding results. State budget capital has been concentrated on key infrastructure projects, expressways, airports, and high-speed railways, creating new impetus for development in regions and localities. Since the beginning of the year, more than 455km of expressways have been completed; 364km of new expressways 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, sectors, and localities regularly review, adjust, and reallocate capital between projects, ensuring efficiency, transparency, and timely progress, making an important contribution to economic growth, macroeconomic stability, and sustainable development.

According to nhandan.vn

Source: https://huengaynay.vn/kinh-te/no-luc-hoan-thanh-muc-tieu-giai-ngan-von-dau-tu-cong-nam-2025-158940.html