On December 29, the City People's Committee held a meeting to listen to a report on the disbursement of public investment capital in 2025 and the plan for 2026.
According to a report by the Department of Finance, the total public investment capital plan for 2025 of the city assigned by the Prime Minister is more than 16,400 billion VND. However, as of December 26, 2025, the total disbursed capital reached more than 11,117 billion VND, equal to 67.8% of the plan assigned by the Prime Minister and only 63% of the plan assigned by the City People's Council.
Although from the beginning of the year, the city has allocated more than 17,000 billion VND in detail (reaching 96.8% of the plan), the actual progress has not yet reached expectations.
The cause of the "project waiting capital" situation is identified as being due to bottlenecks in compensation and site clearance (GPMB); fluctuations in construction material prices; unfavorable construction conditions and lack of construction waste receiving points. In addition, ODA project investment procedures and the process of arranging project management boards after mergers also affect the overall progress.
At the meeting, leaders of the City People's Committee affirmed that they do not accept the situation of slow project implementation due to the lack of synchronous involvement of relevant units. In the coming time, not implementing the project on the grounds of site clearance will not be accepted.
To speed up progress, the city requires localities and investors to identify site clearance as a key stage, without exception. Cases of intentionally delaying and prolonging must apply coercive measures according to regulations to ensure strictness. In particular, reporting problems must clearly state the "address" of responsibility of each agency, unit, and individual, and not report in general.
For contractors, the city affirms that it will resolutely handle them if their capacity is weak, using advance capital for wrong purposes, or not organizing construction even though they have met the conditions. The strongest measure proposed is: Consider terminating the contract and listing it as not allowing participation in the city's new bidding packages.
Regarding the public investment plan for 2026, the city expects total capital of more than 15,053 billion VND. In which, local budget capital accounts for the majority with nearly 13,800 billion VND.
The orientation for capital allocation next year will be in the direction of strengthening decentralization to the grassroots level (communes, wards); prioritizing transition projects, ODA projects, science and technology tasks, innovation and digital transformation.
The city emphasized that although public investment capital does not account for the largest proportion of total social investment capital, it plays a "prey capital" role, leading traffic infrastructure. Therefore, the upgrading and repair of key traffic routes must be implemented right from the first days and months of the year.
In addition, the quality of resettlement areas for people is also prioritized. The city requests the Land Fund Development Center and project management boards to closely coordinate, ensure the quality of works, and avoid errors causing consequences later.
