The Office of the Ho Chi Minh City People's Committee has just announced the conclusion of the Chairman of the Ho Chi Minh City People's Committee at the meeting on the disbursement of public investment capital in May 2026.
In 2026, Ho Chi Minh City is assigned a plan to disburse nearly 150,000 billion VND of public investment capital. However, by the end of April, the City had only disbursed more than 15,560 billion VND, reaching about 10.5% of the capital plan assigned by the Prime Minister, lower than the national average (over 12.5%).
The Ho Chi Minh City People's Committee emphasized that public investment and disbursement of public investment capital are particularly important political tasks, directly impacting the city's economic growth, especially the "double-digit" growth target in the coming time.
The city sets a target to reach a minimum disbursement rate of 40% by the end of the second quarter, and 70% of the assigned capital plan in the third quarter, creating a foundation for completing 100% of the full-year disbursement plan.
The disbursement result of public investment capital is an important criterion for evaluating and ranking cadres, civil servants, public employees and heads.
The Ho Chi Minh City People's Committee requests departments, branches, localities and investors to innovate management thinking, strongly shift from "management thinking" to "management thinking", taking work efficiency and output results as a measure of evaluating cadre capacity.
The Department of Home Affairs is assigned to preside over and coordinate with the Department of Finance to develop a set of criteria and KPI indicators to evaluate disbursement results quarterly for each agency, unit and investor; and at the same time advise on an evaluation and classification mechanism associated with the responsibility of the head.
In particular, the City will study applying the "yellow card", "red card" warning mechanism for leaders of agencies and units with lower disbursement rates than assigned targets.
In case 2 consecutive quarters of disbursement tasks are not completed, it will be considered for transfer and replacement of leaders and managers according to regulations. The assessment is expected to start from the second quarter of 2026.
At the same time, Ho Chi Minh City will also consider rewarding 10 leading agencies and units in terms of disbursement rate of public investment capital.
To promote disbursement progress, the Ho Chi Minh City People's Committee requests to focus maximum resources, personnel and management work on key projects, especially projects with a capital scale of over 1,000 billion VND because this is a group of projects that directly affect the overall disbursement rate of the City.
Regarding construction material prices, the Department of Construction is assigned to closely monitor market developments, periodically update and announce construction material prices monthly, ensuring that they are close to reality to promptly support investors and contractors to handle arising issues due to price fluctuations, avoiding the situation of slow construction or prolonging progress.
Meanwhile, the Department of Finance is assigned to review the entire public investment plan for 2026, and advise on capital transfer plans from slow-progressing projects with low disbursement to projects with better disbursement capacity.
Vice Chairman of Ho Chi Minh City People's Committee Bui Xuan Cuong is assigned to directly be in charge of construction investment and disbursement of public investment capital; Vice Chairman of Ho Chi Minh City People's Committee Hoang Nguyen Dinh is in charge of compensation and site clearance to promptly remove difficulties and obstacles arising during the implementation process.
