The Ministry of Finance reported that, as of January 31, the disbursement of the 2024 public investment plan reached an estimated 93.06% of the plan assigned by the Prime Minister (compared to 82.47% and 93.12%, respectively, in the previous year).
Accordingly, 16 out of 46 central-level ministries and agencies and 37 out of 63 provinces and cities had a disbursement rate higher than the national average of 84.47%. Several ministries, central agencies, and localities performed well in terms of disbursement, including Vietnam Television (100%), the Social Policy Bank (100%), the Literature and Art Association (98.22%), the National Assembly Office (97.56%), the Ministry of Transport (97.21%), the Vietnam Women’s Union (97.1%), Voice of Vietnam (96.62%), and the Ministry of Defense (95.25%). The cities of Hai Phong (99.83%) and Soc Trang (99.67%), and the provinces of Dong Thap (99.4%), Hai Duong (99.4%), Ha Nam (98.28%), and Ben Tre (98.13%) also had high disbursement rates.
However, 30 out of 46 central-level ministries and agencies and 26 out of 63 provinces and cities had a disbursement rate lower than the national average. Some central agencies had a disbursement rate of 0%, such as the Presidential Office and the Vietnam Cooperative Alliance, while others had very low rates, including the Vietnam Fatherland Front Central Committee (10.85%), the Committee for Ethnic Minorities (11.42%), Hanoi National University (26.55%), the Ministry of Health (28.36%), and the Vietnam Academy of Social Sciences and Humanities (31.76%).
Several localities had disbursement rates below 65%, including Quang Ngai (57.41%), Lam Dong (60.49%), Kien Giang (63.27%), Binh Phuoc (64.16%), and Quang Ninh (64.19%).
Several ministries, central agencies, and localities performed well in terms of disbursement, including Vietnam Television (100%)
Additionally, the disbursement rate for the Program for Recovery and Economic Development was high, reaching 97.38% in 13 months. Specifically, the recovery program managed by central ministries and agencies achieved a disbursement rate of 99.8%, with the Ministry of Public Security and the Ministry of Transport attaining a rate of 100%.
According to the Ministry of Finance, as of December 31, 2024, the total disbursed capital for nine important national traffic projects in the transport sector was VND 70,743.08 billion, reaching 72.9% of the 2024 plan.
Thus, the disbursement result of these national key projects in the transport sector is lower than the national average of 80.32%. The disbursement rate slowed down in the last months of the year.
According to the Ministry of Transport, while the investors have made efforts to overcome difficulties and speed up the construction progress of the projects, there are still some challenges and obstacles. One of the main issues is land clearance, which has seen positive changes in many localities but has not yet met the required progress.
Regarding construction materials, the procedures for granting mining permits to contractors in Tien Giang, Ben Tre, and Dong Nai have not kept up with the progress as directed by the Prime Minister, affecting the construction progress of projects in the Mekong Delta region. While some localities have allocated the maximum number of mines to supply the projects, the capacity still falls short of the plan.
There have also been difficulties in adjusting investment policies. For example, Dong Nai province has delayed determining the value of site clearance compensation for the Bien Hoa-Vung Tau Expressway project, affecting the progress of policy adjustment. Additionally, there is a need to carry out multiple procedures to adjust the investment policy for the Ben Luc-Long Thanh Expressway project.
Given the above disbursement situation, the Ministry of Finance requested that the Ministry of Planning and Investment promptly summarize the proposals of the ministries, central agencies, and localities and report to the competent authorities about extending the implementation and disbursement of the 2024 capital plan to 2025 for the projects to ensure uninterrupted progress in implementation and disbursement.
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