The meeting was held on the afternoon of September 16 in a direct and online combination with 168 wards and communes. The meeting focused on reporting on the implementation situation, disbursement of public investment capital in the first 9 months of 2025, expected disbursement in the last 3 months of the year and the medium-term public investment capital plan for the period 2026-2030.
The goal of the working session was to evaluate the achieved results, point out the shortcomings and difficulties and propose solutions to ensure the disbursement progress according to plan.
In his opening speech, Chairman of the Ho Chi Minh City People's Committee Nguyen Van Duoc emphasized that the disbursement of public investment capital and site clearance (GPMB) is of special importance, not only for the growth rate of Ho Chi Minh City but also directly affecting the economic development of the whole country.
According to Mr. Nguyen Van Duoc, in the first 6 months of the year, Ho Chi Minh City has achieved positive disbursement results, over 40% - the highest growth rate in the past 5 years.
However, this progress has slowed down in the past 2 months, affecting overall growth. Therefore, Mr. Nguyen Van Duoc requested relevant departments and units to analyze the causes both objectively and subjectively, thereby proposing solutions to speed up the disbursement and site clearance progress.
Reporting at the meeting, Director of the Department of Finance Nguyen Cong Vinh said that the total public investment plan of Ho Chi Minh City in 2025 (after the arrangement) was assigned by the Prime Minister for more than 118,948 billion VND. Of which, the central budget capital is more than VND 15,299 billion and the local budget capital is more than VND 103,648 billion.
On that basis, the Ho Chi Minh City People's Committee has completed the detailed assignment and allocation, raising the total implementation capital to more than VND151,431 billion, reaching 127% of the capital assigned by the Prime Minister.
Regarding the disbursement results, as of September 11, the total disbursed capital of the City reached more than 53,863 billion VND, of which the capital plan for 2025 alone is more than 53,712 billion VND. This figure corresponds to 45.2% of the capital plan assigned by the Government and 35.5% of the capital plan implemented by the City.
For compensation and site clearance alone, the total capital expected to be disbursed for the whole year is VND 46,285 billion, accounting for about 39% of the total capital plan for 2025. To date, Ho Chi Minh City has disbursed VND 24,146 billion, reaching a rate of 52.2%.
To ensure progress, from July 2025, the Department of Finance has proposed that the City People's Committee regularly inspect and monitor the progress of projects with large disbursement volumes, and at the same time require investors to closely follow the plan and resolutely fulfill their commitments.
Yesterday (September 15), speaking at the 4th Ho Chi Minh City Party Executive Committee Conference for the 2020 - 2025 term, Ho Chi Minh City Party Committee Secretary Tran Luu Quang said that Ho Chi Minh City still maintains a growth target of over 10% this year, despite two major "bottlenecks": disbursement of public investment capital and creating an open and transparent investment environment.
Mr. Tran Luu Quang affirmed that the city must reorganize the implementation apparatus, ensuring that there is no gap in responsibilities and mechanisms.
"This is not the role of the City Party Secretary, but tomorrow (September 16 - PV) I will participate in solving the issue of disbursement and site clearance at the Standing Committee of the Ho Chi Minh City People's Committee, to ensure the best progress" - Mr. Tran Luu Quang said on September 15.
