Disbursement of public investment capital in August reached nearly 40% of the plan
According to information from the Ministry of Finance, the total public investment plan for the state budget in 2025 is 1,090,850 billion VND, including 884,585 billion VND assigned by the Prime Minister, 141,341 billion VND of additional local balance capital and 64,923.8 billion VND transferred from previous years.
To date, the total allocated capital is 987,441 billion VND. If not including the increased local budget balance capital, the allocated capital will reach VND 846,100 billion, equal to 95.65% of the plan assigned by the Prime Minister.
The remaining VND 38,485.5 billion of central budget capital has not been allocated in detail, accounting for 4.35% of the plan, due to a number of reasons: VND 1,937.5 billion has not been allocated compared to the plan at the beginning of the year; VND 31,764.2 billion has been newly allocated from the increased central budget revenue in 2024 and the capital of the national target program (NTP) for the second phase and phase 3; VND 4,696.8 billion is being submitted to the National Assembly Standing Committee for consideration of adjustment.
Regarding the adjustment plan, 18 ministries, central agencies and 10 localities proposed to reduce the 2025 total state budget capital plan by VND 9,993.02 billion. The Government has submitted to the National Assembly Standing Committee for consideration of adjusting the reduction of VND 4,696.8 billion of 10 ministries, central agencies and 3 localities to supplement 3 ministries, central agencies and 17 localities according to Resolution 124/NQ-CP. The remaining VND 5,296.2 billion will continue to be reviewed and compiled by the Ministry of Finance to report to competent authorities.
The accumulated disbursement rate as of July 31, 2025 is VND 358,188.8 billion, reaching 32.84% of the plan. The estimated disbursement by August 31, 2025 is VND 434,006.5 billion, reaching 39.79% of the plan. Of which, the disbursement of planned capital in previous years reached VND 24,832 billion (38.25% of the plan); the disbursement of planned capital in 2025 reached VND 409,174.5 billion (39.9% of the plan), equivalent to 46.3% of the plan assigned by the Prime Minister, higher than the same period in 2024 (40.4%). If calculated on the plan assigned at the beginning of the year, the disbursement rate by the end of August will reach 49.5%.
Request more drastic measures to achieve the whole year's target
The target of disbursing 100% of public investment capital in 2025 has been directed throughout the telegrams 47/CD-TTg, 60/CD-TTg, Directive 05/CT-TTg and Resolution 226/NQ-CP. The Ministry of Finance assessed that although the progress in August was higher than the same period, it was slower than in July.
To achieve the whole year's target, ministries, branches and localities are required to focus on implementing many groups of solutions.
First, resolutely handle problems when arranging administrative units and switching to a 2-level government model, ensuring uninterrupted disbursement. The Ministry of Finance requests the Ministry of Justice, the Ministry of Home Affairs, and the Ministry of Construction to review and issue documents related to decentralization, delegation of authority, and guidance for commune-level investors.
Second, urgently allocate detailed capital plans that have not been allocated no later than September 30, 2025, along with monthly and quarterly disbursement targets, striving to achieve at least 60% of the plan assigned by the Prime Minister by the end of the third quarter.
Third, remove difficulties in site clearance, consider this a bottleneck that needs to be prioritized; add experienced personnel for this work in the locality.
Fourth, speed up the progress of important national projects, key traffic such as Ninh Binh - Hai Phong Expressway (CT.08), Ring Road 4 of Hanoi Capital Region, Gia Nghia - Chon Thanh Expressway, Ring Road 3 of Ho Chi Minh City, Ho Chi Minh City - Moc Bai (PPP), with the goal of completing at least 3,000 km of expressway, over 1,000 km of coastal road in 2025.
For ODA projects, project owners need to urgently complete investment procedures, bidding, signing contracts and coordinate with the Ministry of Finance to remove obstacles with sponsors. With local budget capital, provinces and cities must proactively increase revenue, especially from land and promptly propose additional sources if there is a shortage of revenue.
National target programs need to be issued synchronous instructions by ministries, branches and localities, reviewing unused capital to return to the state budget in time for reallocation. Units must strictly comply with the reporting regime according to Circular 37/2025/TT-BTC and Decision 1544/QD-TTg, fully updating data on the National Information System on Public Investment.
