'Promote' disbursement of public investment capital at the end of the year to 'reach the finish line' for growth target

The "key" to promoting growth

The report of the General Statistics Office ( Ministry of Finance ) shows that the disbursement of public investment capital in the first 9 months of 2025 is estimated at VND 550,100 billion, equal to 55.7% of the annual plan and an increase of 27.9% over the same period last year. Notably, despite the merger of provinces, cities, communes, wards and the abolition of the district level, the provincial State budget capital reached VND 384,400 billion, equal to 55% and an increase of 37.8%; the commune State budget capital reached VND 87,300 billion, equal to 62.3% and an increase of 12.8%.

According to Ms. Phi Thi Huong Nga, Head of the Department of Industrial and Construction Statistics (General Statistics Office), the GDP growth rate of 8.23% in the third quarter and 7.85% in the first 9 months of 2025 has a very important contribution from public investment. Accelerating the disbursement of public investment capital and striving to complete the target of 100% of the plan is the "key" to stimulating the construction sector, materials industry and related services, contributing to realizing the annual growth target of over 8%.

Photo caption — North-South Expressway project. Photo: Huy Hung/VNA

The representative of the General Statistics Office emphasized that currently, public investment capital accounts for nearly 30% of total social investment capital, playing an important role in attracting capital from the private sector and foreign investment. Thanks to the sharp increase in public investment disbursement, foreign direct investment (FDI) continues to flow into processing and manufacturing projects, especially in the fields of electronics, components and supporting industries, contributing to improving production capacity and promoting technology transfer.

However, the disbursement of public investment capital in recent times still has some difficulties and shortcomings that cannot be completely overcome, such as prolonged site clearance; limited project preparation, contractor selection, investment procedure completion, appraisal, inspection, supervision and construction capacity; high material prices, scarcity of supply of some types of construction materials, especially construction sand, affecting project progress; some investment preparation tasks are still slow due to land procedures, detailed planning adjustments, etc.

Need a big boost

Since the beginning of the year, many directives of the Prime Minister have been issued to remove bottlenecks and release public investment capital. Most recently, on September 21, 2025, the Prime Minister issued Official Dispatch 169/CD-TTg on key tasks and solutions to promote public investment disbursement in 2025, considering disbursement results to be of special importance, joining hands to promote economic growth in 2025 to achieve the target of over 8%.

The dispatch clearly stated that in the last months of 2025, promoting public investment is one of the top important political tasks, an important basis for assessing the level of task completion of organizations and individuals. In leadership and direction, there must be high determination, great effort, drastic action, "doing each job properly, finishing each job", the assignment must ensure "6 clear": clear people, clear work, clear responsibility, clear authority, clear time, clear results.

To achieve the goal of disbursing 100% of public investment capital, Ms. Phi Thi Huong Nga, Head of the Department of Industrial and Construction Statistics (General Statistics Office), said that in addition to the solutions being implemented, ministries and branches need to continue reviewing and amending laws, decrees and circulars to remove obstacles in the process of implementation, payment and settlement for projects and works. There should be regulations on flexible capital transfer for difficult projects, slow disbursement to projects that can be implemented faster, or have special mechanisms for important projects, national key projects, and difficult areas.

Ministries, sectors and localities need to prioritize thoroughly removing obstacles in site clearance, investment procedures, contractor selection, and ensuring projects are implemented on schedule. In addition, it is necessary to speed up the approval and promotion of FDI projects, especially in high-tech processing and manufacturing sectors such as chip production, electronic components, and renewable energy. This will not only contribute to improving domestic production capacity, but also create momentum for sustainable export growth from 2026 onwards.

The representative of the General Statistics Office also recommended that it is necessary to individualize responsibilities and assign specific responsibilities to heads of ministries, branches, localities, investors, and project management boards in implementing public investment disbursement. At the same time, it is necessary to apply information technology and make detailed weekly and monthly plans for projects so that management agencies can update and promptly urge. In addition, it is possible to establish inter-ministerial and inter-local working groups to promptly handle difficulties and problems arising during project implementation.

2025 is a year of special significance in successfully implementing the Socio-Economic Development Plan for the 2021-2025 period. The Government identifies public investment as one of the three most important driving forces to promote aggregate demand, a leading factor, spreading and attracting investment from the private sector and foreign investment capital, activating social resources, aiming to support economic growth in 2025 in the context of global economic instability and domestic economic difficulties and challenges.

Source: https://baotintuc.vn/kinh-te/thuc-giai-ngan-von-dau-cong-cuoi-nam-de-ve-dich-muc-tieu-tang-truong-20251014115305174.htm