Ho Chi Minh City requests the allocation of 18,400 billion VND in contingency funds in March.

vốn dự phòng - Ảnh 1. — The Ho Chi Minh City People's Committee has requested a review and allocation of 18,400 billion VND in public investment contingency funds in March - Photo: CHAU TUAN

The urgent allocation of contingency funds was the main point in the directive issued by Vice Chairman of the Ho Chi Minh City People's Committee Bui Xuan Cuong following a meeting on the public investment capital plan and disbursement progress for the first two months of 2026.

According to the report, Ho Chi Minh City has so far disbursed 12,928 billion VND, reaching 8.8% of the 2026 public investment plan assigned by the Prime Minister (147,599 billion VND). Of this amount, 7,894 billion VND has been disbursed for land compensation and clearance, reaching 23.24% of the total compensation capital allocated for the year (33,966 billion VND).

Some specialized project management boards under the city government have relatively high disbursement rates, such as the Ho Chi Minh City Urban Infrastructure Investment and Construction Project Management Board at 45.2%, and the Transportation Construction Investment Project Management Board at 12.8%.

Disbursement results showed improvement compared to the same period in 2025, increasing from 2.6% to 8.8%. However, disbursement at the beginning of the year still faced some difficulties.

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Specifically, this relates to the reorganization of the city's construction investment project management system, such as handing over documents, personnel arrangement, management and use of seals, adjustment of investor information, and assignment of tasks among the land compensation and resettlement committee…

Some projects are still facing obstacles related to compensation, land clearance, and relocation of technical infrastructure, especially the power system. The supply of construction materials is unstable, prices fluctuate, and the capacity of some consulting firms and contractors is limited.

The city aims to disburse 15% or more of its planned capital by the first quarter of 2026, striving to achieve 100% of the planned capital for the entire year.

The Ho Chi Minh City People's Committee has urged investors to promptly complete investment and construction procedures to be eligible for the allocation of the entire 18,400 billion VND contingency fund by March 2026. For project management boards currently undergoing consolidation, it is necessary to quickly complete the handover of documents, reorganize personnel, and finalize legal procedures to ensure project implementation is not interrupted.

The city also requested that units review the project portfolio, identify key projects and projects with high disbursement potential, develop detailed disbursement plans on a monthly, quarterly, six-monthly, and annual basis, and submit them to the Department of Finance before March 10th.

The Ho Chi Minh City People's Committee has assigned the Department of Finance to coordinate with relevant agencies to complete investment and construction procedures, compile and advise the Ho Chi Minh City People's Committee to submit to the City People's Council for allocation of the entire 18,400 billion VND contingency fund in March.