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The Top 18 Underperforming Loan Disbursement Units: Accountability and Action Demanded by Ho Chi Minh City Chairman

20 March, 2025

Chairman of the Ho Chi Minh City People’s Committee, Nguyen Van Duoc, has recently signed a document requesting an inspection into the responsibilities of seven project management boards and 11 localities for failing to complete the task of disbursing investment capital for 2024, as set by the Government and the City, with a target of 95% or more.

Chairman of Ho Chi Minh City People’s Committee, Nguyen Van Duoc. Photo: TK.

Specifically, the management boards that failed to complete their tasks include: Board of Civil and Industrial Works (35%), Board of Transportation (47%), Board of Agriculture and Rural Development (38%), Board of Railways (52%), Hi-Tech Park Management Board (79%), Ethnic Culture and History Park Management Board (75%), and High-Tech Agriculture Park Management Board (2%).

The underperforming districts include: Can Gio (40%), Hoc Mon (84%), Nha Be (58%), District 1 (80%), District 11 (73%), District 3 (79%), District 4 (59%), District 5 (66%), District 6 (69%), Phu Nhuan (61%), and Tan Binh (80%).

Chairman Nguyen Van Duoc requested that the heads of these 18 agencies and units promptly inspect and clarify the responsibilities of related organizations and individuals, strictly handling them according to regulations.

He also emphasized the need to deal with negative and corrupt acts in the management of public investment, stating that individuals who are incompetent, irresponsible, or evading tasks will be replaced.

The City’s leader assigned the Department of Home Affairs to synthesize and report, as well as propose the handling of responsibilities of the heads of related units. At the same time, the Department of Finance was assigned to coordinate with units to draft a report on the inspection of the disbursement progress of investment capital for 2024.

Chairman of Ho Chi Minh City People’s Committee, Nguyen Van Duoc, inspecting the An Phu Intersection project (Thu Duc City) on March 12. Photo: TK.

First quarter of 2025: Disburse at least 7.5%

In 2025, Ho Chi Minh City’s total investment capital is over VND 84,000 billion, an increase of 6.2% compared to 2024 (investment capital of over VND 79,000 billion). The Chairman requested that units enhance their responsibilities to ensure a disbursement rate of at least 95%.

The city sets disbursement targets for each quarter, with the first quarter aiming for at least 7.5%, striving for 10% or higher; the second quarter targeting a minimum of 25%, aiming for 30% or more; the third quarter aiming for at least 50%, with a goal of reaching 70% or higher; and the fourth quarter aiming to complete at least 95%, striving for 100%.

The Department of Home Affairs is assigned to coordinate with the Department of Finance, the Department of Natural Resources and Environment, and the State Treasury Branch of Region II to advise and propose to the City People’s Committee on the criticism, reprimand, and discipline of collectives and individuals who are the heads of agencies, units, and localities with low disbursement rates.

If a unit’s disbursement rate is lower than the city’s common target for each quarter, it will be criticized. If the unit fails to achieve the common disbursement rate for the whole year or has two or more quarters that do not meet the target, it will be inspected and reprimanded.

For projects that are behind schedule or have incomplete procedures, the managing agencies must promptly complete the dossiers and send them to the appraisal agency before March 20, 2025.

At the same time, districts and counties need to coordinate closely with investors to shorten the appraisal time, ensuring that investment decisions are issued before March 30, 2025.

Notably, agencies and units need to clearly report on the responsibilities of organizations and individuals for any delays, and consider handling them according to the Party’s regulations on wastefulness.

Tuan Kiet

– 16:09 19/03/2025