Public investment disbursement begins to accelerate
The Ministry of Finance has just submitted to the Government document No. 177/TTr-BTC on the socio-economic situation, allocation and disbursement of public investment capital, and implementation of national target programs for April and the first 4 months of 2025. In particular, the Ministry of Finance proposes many solutions to promote capital disbursement progress, especially for key projects identified as growth drivers of the whole country, each region and locality.
According to the summary, by March 15, 2025, ministries, central and local agencies have allocated and assigned a detailed capital investment plan for 2025 to the task list and projects with a total capital of more than 773,824 billion VND. Of which, central budget capital accounts for about VND 325,694 billion, local budget capital is more than VND 448,130 billion. The capital that has not been allocated in detail at this time is more than VND 52,097 billion belonging to 19 ministries, central agencies and 31 localities, including more than VND 24,500 billion of central budget capital and more than VND 27,597 billion of local budget capital.
As of April 30, 2025, ministries, agencies and localities have allocated more than VND43,834 billion to tasks and projects, including more than VND17,187 billion from the central budget and more than VND26,647 billion from the local budget.
Many major projects have qualified for immediate disbursement such as the North-South expressway in the West, Gia Nghia - Chon Thanh section, Ho Chi Minh City - Thu Dau Mot - Chon Thanh expressway, Ho Chi Minh City - Moc Bai expressway resettlement compensation project, Bach Mai Hospital, facility 2, Viet Duc Hospital, facility 2, and projects under 3 national target programs.
Thus, the remaining unallocated capital is more than VND 8,263 billion belonging to 17 ministries, central agencies and 21 localities, including more than VND 7,313 billion of central budget capital and more than VND 949 billion of local budget capital.
The estimated payment until the end of April reached about 128,500 billion dong, equal to 15.6% of the Prime Minister's plan, higher than the absolute number of the same period last year (110,500 billion dong), but the rate was lower than 16.6%. Notably, the disbursement progress in April has started accelerating compared to the first 3 months of the year. For 3 national target programs, by the end of April, detailed allocation of about VND 21,700 billion, reaching 98.6% of the plan; Disbursement reached about 7,100 billion dong, equivalent to 21%.
The Ministry of Finance proposes a series of solutions to promote the disbursement of public investment capital
In order to ensure the disbursement rate reaches 100% of the 2025 plan, the Ministry of Finance proposes the Government to request ministries, branches and central agencies to accelerate the progress of each project, rectify the situation of avoiding, pushing responsibility, and completing the regulations on protection of officials who dare to think and dare to do.
In May, the Ministry of Finance submitted to the Government to assign relevant ministries and branches to urgently negotiate and sign contracts to buy and sell goods; review and amend business conditions; Harmonizing the customs regulations, specialized inspection, enhancing mutual recognition with the US and other countries with good control systems, shortening time and cost. At the same time, promoting electronicization of the entire specialized inspection process, integrating procedures on the national one -door electronic portal and ASEAN one -stop shop.
The Ministry of Finance also proposed many other important tasks such as completing the plan to issue government bonds to supplement investment resources for key infrastructure projects; studying and assessing the necessity of the policy package to support businesses and workers affected by US tax policies; developing specific policies for the development of economic zones with great potential, following the orientation of the Politburo's resolutions.
