The goal has not yet been achieved…

Twelve central ministries and agencies and 20 localities achieved disbursement results above the national average. Some localities, despite being affected by rain and floods, still ensured the progress and targets of disbursement were met. However, as many as 22 central ministries and agencies and 12 localities had disbursement rates below the national average.

According to assessments, the disbursement results over the past 11 months, while higher than the same period in 2024, have still not reached the set target. With only 55 days remaining for the disbursement of public investment capital in 2025, the volume of capital to be disbursed is quite large, approximately 360 trillion VND. To accelerate and achieve the goal of 100% disbursement of public investment capital in 2025, the Prime Minister has issued Directive No. 237/CĐ TTg, requesting Ministers, Heads of Central Agencies, Chairmen of People's Committees of provinces and centrally-administered cities; Secretaries of Provincial and City Party Committees, Chairmen of People's Councils, and Heads of National Assembly Delegations of provinces and cities to uphold their responsibilities and focus on directing the implementation of tasks and solutions more decisively, synchronously, promptly, and effectively. This contributes to macroeconomic stability, promotes growth, ensures major economic balances, and achieves socio-economic development goals.

Public investment is a key driver contributing to maintaining macroeconomic stability, restoring production, and creating jobs. The institutional framework related to public investment has also been improved; the amended Public Investment Law of 2024, supplemented in 2025, has promoted decentralization and delegation of authority, shortened procedures, and strengthened accountability for leaders… but disbursement has never been easy. Specifically, as one National Assembly representative pointed out, we still haven't solved the deeply ingrained problem of consistently low disbursement rates in the first few months of the year. Given this reality, achieving 100% disbursement of public investment capital remains a challenge.

This situation stems from both objective and subjective factors, with land clearance remaining the biggest obstacle. Other contributing factors include inadequate project preparation, inappropriate approval of policies and investment decisions, unrealistic capital planning leading to numerous adjustments, avoidance of responsibility, fear of making mistakes, and a lack of close coordination among agencies.

In addition, other factors include the fact that some localities, after mergers, have not yet fully streamlined their administrative structures and lack specialized project management boards; the transfer of project owner's responsibilities and documentation is slow; the existence of multiple land price lists within a single locality also makes it difficult to determine compensation and resettlement plans; unfavorable weather conditions have disrupted many key projects; and mechanisms and policies related to public investment are still inadequate, with many regulations not being promptly guided.

To address this situation, in addition to the decisive actions of the Government, the Prime Minister , and ministries, sectors, and localities, some National Assembly deputies believe that it is necessary to strengthen independent supervision and evaluation, and publicly disclose disbursement results. The effectiveness of public investment should be considered a criterion for evaluating the management capacity of each ministry, sector, and locality. The principle of concentrated investment should be strictly implemented, avoiding scattered investments, and prioritizing projects with a ripple effect and high added value should be prioritized…

To date, the Government has held four national conferences on promoting the disbursement of public investment. At these conferences, the overarching requirement emphasized by Prime Minister Pham Minh Chinh was that this must be recognized as both a responsibility and a duty, as well as a matter of conscience and public service ethics for officials. Every completed project, every successfully completed task… brings joy, excitement, and happiness to the people, contributing to the development of the country…

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