At the conference on promoting the disbursement of public investment capital on May 20th, Prime Minister Pham Minh Chinh demanded a determination to disburse 100% of public investment capital in 2025 (the previous target was 95%), while considering the results of public investment disbursement as an important basis for evaluating the level of task completion and assessing officials; those who fail to meet the target must be held accountable and dealt with accordingly.
The government has set a target of disbursing 100% of public investment capital, stemming from the fact that public investment capital is expected to reach a high level in 2025, and also serving as a support for the economy during a challenging period such as inflation, weak purchasing power, and an uncertain export market. The Prime Minister clearly stated: The disbursement rate of public investment capital will be a measure of the responsibility and management capacity of each ministry, locality, and individual leader. Those who fail to meet the plan will be seriously reviewed and held accountable. This determination is a significant step forward in governance and administration, demonstrating the spirit of "actions speak louder than words" within the government apparatus.
However, achieving the target of 100% disbursement requires removing inherent bottlenecks, such as slow land clearance, complex procedures, and inadequate compensation leading to public disagreement. To overcome this situation, the Government has introduced many breakthrough solutions, most notably the amended Law on Public Investment (No. 58/2024/QH15). This is considered a strong shift from a "request-and-grant" system to a "empowerment-and-responsibility" system, paving the way for localities to be more flexible in their management.
To implement this, from the beginning of the year, Vinh Long province has decisively directed and allocated capital from the first quarter, urged progress on each project, and assigned specific responsibilities to each investor. Along with clearly identifying public investment as "seed capital" for the local economy, the province has directed relevant departments, localities, and investors to focus on implementing projects decisively to achieve 100% disbursement of planned funds.
Public investment not only boosts immediate growth but also provides leverage for long-term sustainable development goals.
The Prime Minister emphasized the need to ensure the progress and quality of projects, avoid cost overruns, and guarantee technical, aesthetic, safety, and environmental standards, while especially preventing corruption and negative practices. The Ministry of Interior and the Ministry of Finance are tasked with reviewing the performance of ministries, agencies, and localities in disbursing public investment funds, focusing primarily on the 2024 disbursement targets and other tasks assigned by the Government and the Prime Minister. Any uncompleted tasks must be addressed, and the results of public investment disbursement should be considered a crucial basis for evaluating task completion and assessing the performance of officials.
TRAN PHUOC
Source: https://baovinhlong.com.vn/thoi-su/thoi-su-goc-nhin/202505/thuc-day-don-bay-tang-truong-nam-2025-8390504/
![[Video] The craft of making Dong Ho folk paintings has been inscribed by UNESCO on the List of Crafts in Need of Urgent Safeguarding.](https://vphoto.vietnam.vn/thumb/402x226/vietnam/resource/IMAGE/2025/12/10/1765350246533_tranh-dong-ho-734-jpg.webp)
Comment (0)