Ho Chi Minh City urgently directs to accelerate disbursement of public investment capital

MINH QUÂN |

Ho Chi Minh City sets a target to disburse at least 40% of public investment capital by the end of the second quarter of 2026, but by June 22, it had only reached 22.2%.

Ho Chi Minh City People's Committee has just issued an urgent document requesting departments, branches and localities to focus on directing the disbursement of public investment capital.

According to the report as of June 22, 2026, Ho Chi Minh City has disbursed more than 32,812 billion VND, reaching about 22.2% of the capital plan assigned by the Prime Minister (more than 147,599 billion VND).

Despite changes compared to previous periods, this result is still lower than the minimum target of 40% by the end of the second quarter of 2026 and lower than the national average (24.2%).

Faced with that situation, the Chairman of the Ho Chi Minh City People's Committee requested the heads of wards, communes, and special zones to proactively and thoroughly handle obstacles under their authority, not to shirk responsibility; and at the same time, be responsible to the City Party Committee and the City People's Committee for the disbursement results. The city emphasized that this is a key political task in 2026.

The contents that need to be focused on removing include compensation, site clearance, resettlement, investment procedures, bidding, payment and settlement.

For project investors, the Ho Chi Minh City People's Committee requests to develop detailed disbursement plans for each project, bidding package and each month; clearly define the implementation volume, payment records and specific responsibilities of each individual and unit.

Units must urgently complete payment dossiers for the accepted volume, avoiding backlogs at investors, project management boards, contractors or consulting units.

The city also requests to accelerate the construction progress, strengthen on-site inspection and proactively remove difficulties in materials, manpower, equipment and ground. In case of exceeding authority, units must immediately report to functional agencies and jointly send to the Ho Chi Minh City Department of Finance for synthesis and advice on handling.

According to the direction, projects that are adjusted to increase capital must urgently complete the conditions for disbursing the entire additional capital portion. Conversely, projects that are adjusted to reduce capital plans must seriously learn from experience, clarify the reasons for slow disbursement and the responsibilities of relevant organizations and individuals.

The Ho Chi Minh City Department of Finance is assigned to preside over and coordinate with the State Treasury of Region II and related units to closely monitor the progress of each project, and weekly report on the list of units with low disbursement. At the same time, advise on capital transfer from slow projects to projects with good disbursement capacity.

Departments such as the Ho Chi Minh City Department of Construction, the Ho Chi Minh City Department of Agriculture and Environment, the Ho Chi Minh City Department of Planning and Architecture and the Ho Chi Minh City Department of Justice are required to coordinate to handle procedures quickly, not allowing backlogs to be prolonged.

In addition, the Ho Chi Minh City Department of Home Affairs coordinates with the Ho Chi Minh City Department of Finance to monitor the disbursement results of each unit, as a basis for assessing the level of task completion in 2026 of heads of agencies and localities.

MINH QUÂN
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