Ho Chi Minh City reviews and speeds up disbursement of public investment capital

After merging Ho Chi Minh City, Binh Duong, and Ba Ria - Vung Tau from July 1, 2025, Ho Chi Minh City has just been assigned by the Prime Minister a public investment capital of VND 118,948 billion in 2025.

This is the largest amount of public investment ever allocated to a locality. However, Ho Chi Minh City (after the merger) still aims to disburse 100% or more of the total capital allocated by the Prime Minister .

Although there are still many difficulties after the merger and transition to a 2-level local government, the target of 100% public investment disbursement set by the City is not without basis. This can be seen through a series of key projects of the City that are entering the final construction phase such as: Ring Road 3 Project, Tham Luong - Ben Cat - Nuoc Len Canal Environmental Improvement Project, An Phu Intersection Project... At that time, the disbursed capital will be concentrated in the last months of the year.

According to the Ho Chi Minh City Department of Finance, in the last months of the year, Ho Chi Minh City will focus on directing and closely monitoring the implementation and disbursement of 35 major projects, with a total disbursed capital of up to VND 58,623 billion, accounting for 49% of the City's total public investment capital plan in 2025 (VND 118,948 billion) and accounting for 82% of the total remaining capital to be disbursed in the last 6 months of the year.

Among the 35 projects with the potential to disburse large amounts of capital in the last months of the year, we can mention: Upgrading and expanding National Highway 1 Project, expected to disburse 9,611 billion VND; Upgrading and improving National Highway 22 Project, expected to disburse 6,234 billion VND; Upgrading the North-South axis road project, expected to disburse 3,596 billion VND; Dredging, improving the environment, and building infrastructure of Van Thanh canal, expected to disburse 6,450 billion VND; the road connecting to Bien Hoa (old) - Vung Tau (old) expressway, expected to disburse 1,172 billion VND...

In addition to the above projects, during the inspection of some key projects in July 2025, Mr. Vo Van Minh, Chairman of the People's Council of Ho Chi Minh City, said that there are some projects that can disburse investment capital in the near future, such as: Component project 1 (land clearance) of the Ho Chi Minh City - Thu Dau Mot - Chon Thanh expressway through Binh Duong province (old) and Ring Road 4 project through Binh Duong (old), because these two projects currently have compensation prices.

According to the reports of departments and branches at the working session with Vice Chairman of Ho Chi Minh City People's Committee Bui Minh Thanh on August 4, the Ho Chi Minh City - Thu Dau Mot - Chon Thanh Expressway Project, the section passing through Binh Duong province (old), has disbursed more than 1,000 billion VND for compensation and site clearance, out of a total of 8,000 billion VND according to the plan for 2025.

For Ho Chi Minh City Ring Road 4, the section through Binh Duong province (old), up to now, the land reclamation announcement has reached over 97%; the investigation, survey, counting and measurement work has reached 69%. Units have completed the approval of land prices and compensation plans for 139 cases, with a total amount of nearly 672 billion VND.

According to Mr. Vo Van Minh, Chairman of the Ho Chi Minh City People's Council, the City has a lot of room to promote disbursement of public investment capital in the last 6 months of the year, especially when the entire City is simultaneously implementing many key transport infrastructure projects.

After inspections and supervisions of key projects by Ho Chi Minh City leaders in July 2025, the Department of Finance advised the People's Committee on many solutions to promote disbursement, to achieve the goal of 100% disbursement by the end of 2025.

For projects that are slow in completing investment procedures, the Department of Finance has recommended that the City strengthen monitoring, urging, and shortening the time for handling procedures, especially for projects with large capital disbursement plans.

From now until the end of the year, the City will continue to direct the review of project disbursement progress and flexibly implement the 2025 public investment plan, aiming to transfer capital from slow projects that are not yet able to disburse to projects that are able to disburse immediately.

In particular, regarding discipline and order in disbursing public investment capital, the City will tighten and resolutely handle cases of delays due to subjective reasons. These solutions were also emphasized by Chairman of the Ho Chi Minh City People's Committee Nguyen Van Duoc at monthly socio-economic meetings.

Learning from the experience of slow disbursement in the first 6 months of the year, Mr. Nguyen Van Duoc requested the Chairmen of the People's Committees of 168 communes and wards in the area, together with the Directors of 15 departments, branches and Heads of public service units to establish an investment portfolio for 2026 right now and must complete it in August 2025 for the Department of Finance to synthesize and submit to the City People's Committee.

“It is expected that by the end of this year, all these documents will be completed and ready for capital allocation from the beginning of 2026, avoiding the situation of slow capital allocation like in early 2025,” the Chairman of the Ho Chi Minh City People's Committee directed.

Source: https://baodautu.vn/tphcm-ra-soat-tang-toc-giai-ngan-von-dau-tu-cong-d353280.html