According to a report from the Ministry of Finance (MoF), public investment capital disbursement remains slow.
In the first ten months of this year, out of more than 899,180 trillion (nearly $34.2 billion) under the 2025 plan approved by the Prime Minister, VND464 trillion ($17.6 billion) have been disbursed, accounting for 51.7%.
However, if compared to the total public investment capital allocated for this year, which stands at more than VND1,06 quadrillion (nearly $40.3 billion), resulting from an additional amount of nearly VND161,5 trillion contributed by localities, the disbursement rate was over 43.7% only.
Notably, the disbursement rate from 29 ministries, central agencies, and 16 localities was lower than the national average.
The MoF highlights that the delay stems from both subjective and objective factors within ministries, departments, and agencies. Notably, land clearance remains the biggest "bottleneck."
Furthermore, legal regulations related to the mechanisms and policies for implementing public investment remain inadequate.
Another reason comes from the execution capacity of project management boards, investors, and contractors.
For ODA projects, many cases face difficulties in negotiating, signing, and international payments.
Additionally, adverse weather in recent months has significantly impacted the progress of construction works.
To achieve the goal of disbursing 100 per cent of the public investment capital plan for 2025, thereby contributing to economic growth at a rate of 8.3-8.5 per cent, the Government requires ministries, sectors, and localities to focus on implementing four key tasks:
Firstly, to seriously and effectively implement the directives of the Government and the Prime Minister in resolutions, telegrams, and directives on promoting public investment disbursement;
Secondly, to regularly review and assess the disbursement situation of each project;
Thirdly, local governments to soon complete the new administrative apparatus, ensuring the arrangement of sufficient personnel with appropriate professional capacity, especially for land clearance and project management;
Fourthly, to review and summarize obstacles in mechanisms and policies related to public investment to propose timely removal, creating conditions to accelerate disbursement progress in the coming time.
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