At a conference on promoting public investment on 17/9, Prime Minister Pham Minh Chinh urged 100% disbursement of public investment funds this year and emphasized improving investment quality.
He stated that ministries, localities, and especially leaders, bear the ultimate responsibility for disbursing public funds, preventing delays and the situation of "having money but not being able to spend it".
The prime minister directed agencies to select contractors who can meet commitments, establish strict timelines, and monitor progress weekly, promptly replacing any underperforming units. Investors, project management boards, and contractors are urged to work tirelessly to meet deadlines. These measures aim to accelerate public investment disbursement, ensure timely progress, and enhance project quality, while preventing negativity, corruption, and waste.
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Prime Minister Pham Minh Chinh speaking at the conference on public investment disbursement, 17/9. Photo: VGP |
Prime Minister Pham Minh Chinh speaking at the conference on public investment disbursement, 17/9. Photo: VGP
This year, the government targets 8-8.5% GDP growth, with public investment disbursement as a key driver. Nearly 884,560 trillion VND in public funds needs to be disbursed in 2025, a plan assigned by the prime minister to ministries, central agencies, and localities at the beginning of the year.
According to Ministry of Finance data, in the first 8 months, the country disbursed approximately 409,000 trillion VND in public investment funds, reaching 46.3% of the plan assigned by the prime minister. This represents a 5.9% increase and nearly 135,300 trillion VND more than the same period last year.
9 ministries, central agencies, and 22 localities have disbursement rates above the national average. Notably, the Ministry of National Defense achieved a 54.5% disbursement rate, the Ministry of Public Security reached 64.8%, Thanh Hoa 90.6%, Ninh Binh 90.1%, Phu Tho 74.08%, Bac Ninh 64.6%, and Gia Lai 62.8%. Disbursement for the national target programs has reached 52.4% of the plan.
The prime minister commended ministries and localities with disbursement rates at or above the national average for their contributions to socio-economic development.
However, he acknowledged persistent issues in public investment disbursement, including slow compensation, site clearance, resettlement, inadequate material supply solutions, and increased material costs compared to bidding periods. Some localities lack proactiveness, shift responsibility, and exhibit delays in organizational restructuring.
As of the end of August, 29 ministries and 12 localities had disbursement rates below the national average. 18 ministries and 30 localities have yet to allocate their entire assigned capital plan, totaling nearly 38,400 trillion VND.
The prime minister criticized these agencies and demanded reviews, identification of responsible individuals and groups, and solutions to increase disbursement rates, emphasizing this as a performance evaluation criterion.
He instructed the full allocation of the remaining 38,400 trillion VND in assigned capital and urged agencies to review and reallocate funds from slow projects to those with better disbursement performance. Capital plan adjustments must be completed before 20/9, ensuring full disbursement of allocated funds. Ministries and localities are required to assign specific leaders to monitor each project’s disbursement, linking it to performance evaluations.
In addition, 8 government working groups will continue to supervise, address difficulties, and promote growth and public investment disbursement.
Phuong Dung
