Strive for the target of public investment disbursement by 2025 to be 100%

Prime Minister Pham Minh Chinh speaks at the conference. Photo: VGP

Speaking at the conference, Prime Minister Pham Minh Chinh acknowledged, commended and highly appreciated the bright spots of public investment in terms of strong leadership, direction and management and high disbursement results of 10 ministries, branches and 38 localities.

The year 2025 is of special importance; it is the year of many important events of the country; the year of acceleration, reaching the target of implementing the 5-year socio -economic development plan 2021-2025, the medium-term public investment plan for the period 2021-2025; the year of preparation to enter a new era - the era of striving to develop richly, civilized, and prosperous of the nation.

To achieve these strategic goals, the Party, State and Government have set a growth target of 8% or more in 2025 (the previous target was 6.5-7%), creating momentum and driving force for double-digit growth in the next period. In particular, the target of disbursing public investment capital in 2025 is 100% (the previous target was 95%).

Since the beginning of the year, the Government has issued 1 directive and 3 official dispatches to urge the disbursement of public investment; held 4 meetings of the National Steering Committee on key projects. Public investment contents are included in the working programs and meetings of the Government, ministries and branches.

In 2025, there will be about 830,000 billion VND for investment, not to mention increased revenue and savings. In the coming time, the Central Government will continue to focus on perfecting the public investment institution, amending and supplementing laws; promoting the role of working groups, regularly inspecting and urging with the spirit of "6 clear": clear people, clear work, clear time, clear products, clear responsibilities and clear authority.

To date, 21 localities have not yet allocated all capital sources, and the Prime Minister has requested that all funds be allocated by May 2025. 37 agencies and 27 localities with disbursement below the national average also need to make efforts to remove obstacles to achieve the target of 100% disbursement by 2025.

The Prime Minister requested that leaders of Party committees and authorities at all levels, cadres and party members study, continue to review and propose amendments to institutions and policies, and remove obstacles, especially laws related to budget and bidding, because in reality, private enterprises often disburse and implement projects very quickly. All levels from the central to local levels must resolutely take action, make more efforts and be more active.

The Prime Minister emphasized the need to strengthen decentralization and strong delegation of power to localities, along with resource allocation, improving implementation capacity, and strengthening inspection and supervision, with the spirit of "locality decides, locality acts, locality takes responsibility".

According to the conference report, by April 30, ministries, central and local agencies had allocated and assigned detailed capital investment plans for 2025 for the list of tasks and projects, reaching 99% of the plan.

Disbursement of the State budget investment plan for 2025 is estimated to be 128,500 billion VND from the beginning of the year to April 30, reaching 15.56% of the plan, lower than the same period in 2024 (16.64%).

Disbursement of central budget capital reached 13.33% of the plan, lower than the same period in 2024 (16.79%); disbursement of local budget capital reached 17.2% of the plan, higher than the same period in 2024 (16.56%).

Chairman of the City People's Committee Le Trung Chinh presided at the Da Nang bridge. Photo: M.QUE

In Da Nang, the public investment capital plan for 2025 assigned by the Prime Minister is VND 8,720.6 billion; the City People's Council and People's Committee assigned VND 8,744.4 billion.

As of April 30, the city disbursed the 2025 capital plan according to the assigned estimate of VND 1,588 billion, equal to 17.87% of the capital plan assigned by the Prime Minister, equal to 17.82% of the capital plan assigned by the City People's Council, higher than the same period in 2024 and higher than the national average (15.56%).

Of which: disbursed basic construction capital was 1,326 billion VND, reaching 15.6% of the plan (8,494.4 billion VND); disbursed entrusted capital was 232 billion VND, reaching 92.8% of the plan (250 billion VND).

It is estimated that by May 31, the disbursement of the capital plan according to the assigned budget for 2025 of the city reached 2,000 billion VND, equal to 22.9% of the capital plan assigned by the Prime Minister.

CINNAMON

Source: https://baodanang.vn/kinhte/202505/phan-dau-muc-tieu-giai-ngan-dau-tu-cong-nam-2025-la-100-4006702/