Disbursed more than VND 60,000 billion in 2 months
According to a report from the Ministry of Finance, the accumulated disbursement from the beginning of the year to the end of January 2025 reached 31,849.9 billion VND, equivalent to 3.64% of the plan (875,887.1 billion VND) and 3.86% of the plan assigned by the Prime Minister (825.922.3 billion VND). It is estimated that by the end of February 2025, this figure will reach 60,423.8 billion VND, reaching 6.9% and 7.32% of the plan, respectively. Compared to the same period in 2024, the disbursement rate has decreased (in 2024, it reached 7.7% of the plan and 8.07% of the plan assigned by the Prime Minister).
The disbursement of local budget capital (NSDP) reached 8.58% of the plan assigned by the Prime Minister, approximately 8.36% of the same period last year. However, central budget capital (NSTW) has only reached 5.6% of the plan, lower than the 7.52% in the same period in 2024.
Of the 4 ministries, branches and 37 localities with disbursement rates higher than the general average, there are still 27 ministries and branches that have not disbursed and 26 ministries, branches and localities with disbursement rates below 5%.
Many "barriers" hinder progress
According to the Ministry of Finance, some ministries, branches and localities have not allocated large capital, affecting the disbursement progress. As of the reporting time, about VND 77,635.9 billion (9.42% of the plan assigned by the Prime Minister) has not been allocated, mainly because the projects are in the investment procedures completion stage.
In addition, some ministries and branches have allocated capital for projects that do not meet the conditions such as not having approved investment preparation estimates, not having investment decisions or exceeding the approved total investment. In addition, difficulties in site clearance (GPMB) are also the main reason for slowing down the disbursement progress. Determining the origin of the land and agreeing on compensation with the people has encountered many difficulties, causing the progress of site handover to be prolonged.
The capacity of the project management board and professional staff to do investment work is still limited, affecting the quality of project consultation and implementation. Some raw materials such as soil and sand for embankment are scarce or prices have increased dramatically, also affecting the progress and cost of the project.
Some ministries, branches and localities have good disbursement rates
Although the average disbursement rate is still low, there are still some units that have achieved positive results, as follows:
The Voice of Vietnam reached 73.82% of the plan.
The Social Policy Bank reached 41.16% of the plan.
The Ministry of Public Security achieved 12.67% of the plan.
Some localities such as Hue (22.97%), Tien Giang (27.62%), Vinh Phuc (21.49%), Tuyen Quang (21.26%), Hoa Binh (209.5%) also achieved a fairly high disbursement rate compared to the general level.
Solutions to promote disbursement
In order to ensure the disbursement rate of public investment capital in 2025 reaches the target of over 95% of the plan, the Prime Minister issued Official Dispatch No. 16/CD-TTg dated February 18, 2025, requesting ministries, branches and localities to urgently complete the detailed allocation of the capital plan in the first quarter of 2025. The Ministry of Finance has also requested relevant units to complete the detailed allocation of the capital plan before March 31, 2025.
After this deadline, the Ministry of Finance will report to competent authorities to transfer capital from units with slow disbursement to ministries, branches and localities that need to supplement capital for key projects. The Ministry also proposed that ministries, branches and localities evaluate and complete procedures to extend the capital allocation time according to the provisions of Article 57 of the Law on Public Investment 2024.
Public monthly disbursement results
To enhance transparency and supervision, the Ministry of Finance will publicize the results of monthly public investment disbursement on the Government Electronic Information Portal, mass media such as Vietnam Television (VTV), Voice of Vietnam (VOV), and Vietnam News Agency. At the same time, it is proposed that the Government will have measures to reward units that disburse well and handle the responsibility of units that are late.
The Ministry of Finance will also closely monitor the disbursement progress and promptly report to the Prime Minister for appropriate management solutions. In addition, the Ministry will coordinate with the State Treasury to promote online payments, ensure payment sources and quickly handle payment and settlement problems.
Before February 25, 2025, the Ministry of Finance submitted to the Prime Minister to complete the Working Groups to inspect, urge, and remove difficulties, in order to promote the disbursement of public investment capital in 2025.
