Official dispatch No. 162/CD-TTg dated September 11, 2025 of Prime Minister Pham Minh Chinh has just signed to ministries, branches and localities, requesting to focus on promoting the disbursement of public investment capital in 2025 with notable figures.
That is the result of public investment disbursement by the end of August 2025, estimated at 46.3% of the plan assigned by the Prime Minister. Of which, 9 ministries, central agencies and 22 localities have disbursement rates above the national average; 29 ministries, central agencies and 12 localities have disbursement rates below the national average.
Although this figure is higher than the same period in 2024 (40.4%) it has not yet met the set requirements.
In fact, the story of slow and sluggish disbursement of public investment capital in the style of "lax at the beginning of the year, bustling at the end of the year" has been a problem that has lasted for many years.
And the reasons have been pointed out, mainly revolving around objective issues: due to limitations and shortcomings in mechanisms and policies, especially inappropriate regulations and procedures in the Law on Public Investment and the Law on State Budget.
Due to many difficulties in the implementation process of localities such as restructuring the apparatus and operating two-level local governments. Or there are projects that have completed the preparation steps but when inspected and discovered to be no longer effective, forced to stop implementation to avoid waste...
However, there is another important reason, coming from subjective factors, which are human factors with the mentality of not daring to do, fear of making mistakes, or poor capacity in many ministries, branches and localities.
The evidence is that the same institution has ministries, branches and localities disbursing well and some ministries, branches and localities are behind the national average.
However, from the beginning of 2025 to now, the Government and the Prime Minister have been very impatient, continuously issuing many documents to strongly direct ministries, central and local agencies in allocating and disbursing public investment capital in 2025.
Therefore, it is not by chance that in Official Dispatch 162, Prime Minister Pham Minh Chinh was very determined when requesting to " Strictly handle according to regulations that collectives and individuals intentionally slow down the progress of allocating and disbursing public investment capital; immediately replace cadres, civil servants and public employees who are weak and have limited capacity and responsibility".
It can be said that in the current context, public investment capital disbursement is the most important task - driving force to first achieve the growth target of 8% as well as contribute to promoting growth, stabilizing the macro economy, and ensuring balance for the economy.
If it is not quick and drastic, including handling human factors from now on and repeating the story of "lax at the beginning of the year, bustling at the end of the year", disbursing to "run KPI" like many years ago, not only the goals cannot be achieved but sometimes it will take more money, more people and effort to handle negative and corrupt behaviors in capital management and use.
