This year, Vietnam needs to disburse over one quadrillion VND in public investment capital, comprising the plan assigned by the Prime Minister and local budget balancing capital. According to a Ministry of Finance report, cumulatively over 11 months, the country disbursed 553.25 trillion VND, achieving nearly 61% of the Prime Minister's assigned plan. Although the absolute amount is about 155.7 trillion VND higher than the same period last year, this percentage is still below expectations, as the government aims for 95-100% disbursement to support GDP growth of 8,3-8,5%.
Thus, over 360 trillion VND in public capital is awaiting disbursement between now and the deadline of 31/1/2026.
In an official dispatch on 6/12, Prime Minister Pham Minh Chinh stated that only 55 days remain for the 2025 public capital disbursement plan, while a substantial amount of capital remains undisbursed. He sternly criticized delayed units and demanded that this be identified as a key political task, linked to the responsibility of their leaders. According to the Ministry of Finance, 22 ministries, central agencies, and 12 localities currently have disbursement rates lower than the national average.
To achieve the 100% public capital disbursement target, the Prime Minister urged ministries, sectors, and localities to immediately resolve two current bottlenecks: land clearance and permits for mining and raw material extraction. Units must publicly report disbursement figures weekly.
Ministries and sectors are to immediately review the disbursement progress of each project to reallocate unused or surplus capital to well-disbursing projects that require additional funds this year.
The Ministry of Finance is tasked with monitoring and reporting to the government a list of sluggish units to enable flexible operational solutions.
Vietnam expects to complete 3.000 km of expressways and 1.000 km of coastal roads this year, and commence construction on the Hanoi - Lao Cai - Hai Phong railway line. Public resources serve as important catalyst capital for investing in key infrastructure projects.
Public investment is identified as a key solution and important driver for recovery and achieving high growth. According to calculations, for the 2021-2025 period, a 1% increase in public investment disbursement could add 0,058 percentage points to GDP.
Phuong Dung
