Disbursement progress has started to accelerate
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The Ministry of Finance has just issued Document No. 5587 reporting to the Prime Minister on the implementation of the public investment plan sourced from the State budget for the first three months, estimated for four months of 2025.
Regarding the disbursement of the 2025 plan, the Ministry of Finance said that the cumulative disbursement from the beginning of the year to March 31, 2025, was nearly VND 80.307 trillion, reaching nearly 9% of the plan and 9.7% of the plan assigned by the Prime Minister. Of which, the National Target Program (NTP) was nearly VND 2,987 billion (reaching 13.6% of the plan assigned by the Prime Minister).
It is estimated that the disbursement from the beginning of the year to April 30, 2025, was nearly VND 128,513 billion, reaching 14.3% of the plan and 15.6% of the plan assigned by the Prime Minister (in the same period last year, it reached 15.6% of the plan and 16.6% of the plan assigned by the Prime Minister). Of which, the NTP was more than VND 4,707 billion (reaching 21.4% of the plan assigned by the Prime Minister).
Disbursement progress has started to accelerate
According to the Ministry of Finance, the estimated disbursement of the whole country by the end of April reached 15.6% of the plan assigned by the Prime Minister, lower than the disbursement rate in the same period last year (16.6%). Meanwhile, the local budget capital reached 17.2%, higher than the same period last year (16.6%). Compared to the disbursement rate of the whole country in the first three months, the progress has started to accelerate, catching up with the pace of the previous year (the cumulative disbursement until the end of February reached 5.4%, and until the end of March reached 9.7% of the plan assigned by the Prime Minister).
In the first four months of 2025, 10 out of 47 ministries and central agencies and 35 out of 63 localities had a disbursement rate higher than the national average. Several ministries and central agencies had a disbursement rate of over 20%, including the Vietnam General Confederation of Labour (86.4%); Voice of Vietnam (73.8%); Vietnam Bank for Social Policies (41.2%); Ministry of Public Security (27.2%); and Vietnam Women’s Union (20.7%). The localities with a disbursement rate of over 30% included Phu Tho (44.4%); Lao Cai (43.5%); Thanh Hoa (39.1%); Ha Nam (38.4%); Bac Kan (32.6%); Ha Tinh (31.9%); Tuyen Quang (31.1%); Ha Giang (30.4%); and Lam Dong (30.1%).
However, in the first four months, many ministries, central agencies, and localities had not disbursed any funds (including nine central agencies: the Presidential Office, the Government Inspectorate, the Vietnam Academy of Social Sciences, the Ministry of Foreign Affairs, the State Audit Office of Vietnam,…) or had very low disbursement rates (15 central agencies had a disbursement rate of less than 5%, including: Ministry of Science and Technology, Ministry of Foreign Affairs; Ministry of Health; Ministry of Culture, Sports and Tourism; Vietnam National University, Hanoi; Vietnam National University, Ho Chi Minh City… and 12 localities with a disbursement rate of less than 10% such as: Khanh Hoa; Cao Bang; Binh Duong, Dong Nai; An Giang, Soc Trang; Quang Tri…).
Recommendations and solutions of the Ministry of Finance to speed up capital disbursement
To ensure that the disbursement rate of public investment capital in 2025 reaches the goal of over 100% of the plan assigned by the Prime Minister, the Ministry of Finance proposes to implement a number of key recommendations and solutions as follows:
For the allocated capital, continue to drastically implement tasks and solutions to promote the disbursement of public investment capital according to the direction and administration of the Government and the Prime Minister on urging the promotion of allocation and disbursement of public investment capital in 2025.
For the central budget capital that has not been allocated in detail after March 15, 2025, following the direction of Resolution No. 77 dated April 10, 2025, of the Government, the Ministry of Finance has issued Document No. 4924 dated April 16, 2025, to the Prime Minister regarding the allocation of the investment plan for central budget capital of ministries, central agencies, and localities.
Accordingly, the Ministry of Finance has submitted to the Prime Minister a proposal on handling the unallocated capital after March 15, 2025, and at the same time, assigned the Ministry of Finance to coordinate with relevant agencies to synthesize and propose supplementary plans for central budget capital investment in 2025 of ministries, central agencies, and localities, reporting to the Government for submission to the Standing Committee of the National Assembly for consideration and decision on adjusting the plan for central budget capital investment in 2025 in accordance with regulations.
For ODA projects, the project owners and managers are requested to closely monitor the project implementation progress and the progress of project adjustment, promptly removing any obstacles and difficulties in project implementation and disbursement. They should focus on promoting the disbursement of projects that have completed investment procedures, bidding, and contract signing; and coordinate with the Ministry of Finance to promptly discuss with donors in case any problems arise.
At the same time, it is necessary to draw lessons from the organization and implementation process, especially for large-scale projects with complex techniques, covering many localities, urgent construction schedules, difficult geographical and weather conditions, and shortages of raw materials… As directed by the Prime Minister in Document No. 673 dated September 5, 2024, on implementing key tasks to strive for completing 3,000 km of expressways by the end of 2025, it is essential to strengthen inspection and supervision, clearly divide responsibilities, and closely coordinate between levels and sectors to ensure the scientific and effective implementation of tasks…
Ministries, central agencies, and localities should report specific problems and difficulties associated with each project and task in implementation, including institutional issues (clearly stating the obstacles in terms of points, clauses, and articles of laws, decrees, and circulars…), and identify the exact bottleneck in the implementation process (proposing investment policies, preparing investments, investment decisions, site clearance, bidding, and settlement…). They should also propose tasks, solutions, and competent authorities to handle these obstacles.
– 20:37 28/04/2025
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