Disbursement reaches over VND 130,000 billion, many units are still slow
According to information from the Ministry of Finance, by the end of April, 2025, the process of disbursing public investment capital nationwide reached 15.56% of the Prime Minister's plan, with a total estimated amount of VND 130,961.9 billion. Although the speed has improved significantly compared to the first months of the year, this figure is still lower than the same period in 2024, when the disbursement rate reaches 16.64%.
Accumulated disbursement of public investment capital from the beginning of the year to March 31, 2025 reached VND 81,616.8 billion, equivalent to 8.84% of the total plan of 923,030.5 billion dong. Particularly for the planned capital in 2025, accumulated disbursement until the end of March reached 80,306.8 billion dong, equal to 9.72% of the Prime Minister's plan.
By the end of April, the estimated disbursement reached VND 128,512.9 billion, equivalent to 15.56% of the plan, while the planned capital from previous years extended to this year reached VND 3,507.6 billion, equal to 13.83% of the plan.
Notably, in the first 4 months of the year, 10/47 ministries, central agencies and 35/63 localities achieved a disbursement rate above the national average. Some ministries and central agencies that stand out with their high disbursement rates include: Vietnam General Confederation of Labor (86.43%), Voice of Vietnam (73.82%), Bank for Social Policies (41.16%), Ministry of Public Security (27.24%), Vietnam Women's Union (20.66%). Meanwhile, some localities recorded a disbursement rate exceeding 30%, including Phu Tho (44.39%), Lao Cai (43.45%), Thanh Hoa (39.15%), Ha Nam (38.44%), Bac Kan (32.61%), Ha Tinh (31.88%), Tuyen Quang (31.08%), Ha Giang (30.64%) and Lam Dong (30.08%).
However, many ministries, central and local agencies have not yet disbursed or have disbursed very little. 9 ministries and central agencies have not disbursed any money, including: Vietnam Institute of Social Sciences, Ministry of Foreign Affairs, etc.
In addition, 15 ministries and central agencies have disbursed less than 5%, including the Ministry of Science and Technology, the Ministry of Health, the Ministry of Culture, Sports and Tourism, Hanoi National University, Ho Chi Minh City National University. In addition, 12 localities have disbursed less than 10%, including Khanh Hoa, Cao Bang, Binh Duong, Dong Nai, An Giang, Soc Trang, Quang Tri...
Regarding the allocation of capital plans, the total planning of 2025 (including the prime minister's capital, the local capital has increased, the capital lasts from previous years) is 923,030.5 billion dong. Up to now, 869,751.5 billion VND has been allocated, reaching 96.63% of the Prime Minister's plan. However, there are still 19 ministries, central agencies and 22 localities have not allocated all the capital plan, with a total unprocessed capital of VND 27,861.8 billion (accounting for 3.37% of the plan), of which the central budget capital (chromosomes) is VND 9,965.9 billion, the local budget capital (BSP) is VND 17,895.9 billion.
The Ministry of Finance proposes a series of solutions to remove them
The main reasons for the delay in allocation and disbursement are clearly stated by the Ministry of Finance, including: slow completion of investment procedures for many newly started projects; some projects are waiting for adjustment and supplementation of medium-term public investment plans; ODA projects are slow to sign agreements or waiting for extension; problems from the 2024 Land Law related to compensation and site clearance; rising raw material prices; changes in the organization of the local apparatus after administrative merger; and some localities proposed to adjust capital reduction due to insufficient land use revenue collection.
For the National Target Program (NTP), the Ministry of Finance also noted many difficulties, especially at the commune level, due to limited management capacity, fear of making mistakes, lack of determination in implementation, and slow capital allocation.
To speed up progress, the Ministry of Finance has proposed implementing many key solutions, including emphasizing the drastic promotion of disbursement according to the Government's direction, reviewing and cutting capital for projects with slow disbursement, supplementing projects with good progress, removing ODA obstacles, speeding up local budget collection (especially land use collection), and at the same time strengthening supervision and clearly assigning responsibilities.
The Ministry of Finance considers ensuring the progress of public investment disbursement as a key task to complete the disbursement target of over 100% of the plan assigned by the Prime Minister in 2025.
