Deputy Prime Minister Ho Duc Phoc has signed Dispatch No. 60/CD-TTg of the Prime Minister on urging faster disbursement of public investment capital for 2025.
Nine central ministries and agencies have not disbursed yet
According to the Ministry of Finance, the disbursement result of public investment capital in the first four months of 2025 was not as expected, reaching only an estimated 15.56% of the plan – lower than the same period in 2024 (16.64%).
So far, 24 central ministries and agencies and 12 localities have a disbursement rate below the national average. Notably, nine central ministries and agencies have not disbursed yet; 15 central ministries and agencies have disbursed less than 5%; and 12 localities have disbursed less than 10%.
Some central ministries and agencies with a disbursement rate of over 20% include the Vietnam General Confederation of Labour (86.43%), Voice of Vietnam (73.82%), Vietnam Bank for Social Policies (41.16%), Ministry of Public Security (27.24%), and Vietnam Women’s Union (20.66%). The localities with disbursement rates above 30% are Phu Tho (44.39%), Lao Cai (43.45%), Thanh Hoa (39.147%), Ha Nam (38.44%), Bac Kan (32.61%), and Ha Tinh (31.88%)…
 The Prime Minister requested flexible and creative solutions to speed up the progress of key projects, especially transportation projects, to promote the disbursement of public investment capital. In the picture: Ring Road 4 – Hanoi Capital Region Project. Photo: MINH THANH
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Some localities with low disbursement results include Khanh Hoa, Cao Bang, Binh Duong, Dong Nai, An Giang, Soc Trang, and Quang Tri…
Regarding the reasons for the slow disbursement of public investment capital, the Ministry of Finance stated that the 2024 Law on Public Investment lacked specific guidance on budget preparation and appraisal of investment preparation tasks, causing confusion in implementation. The determination of project management and consulting fees – especially in areas such as healthcare, education, natural resources, and environment – faced obstacles due to the lack of clear norms.
In addition, the decrees guiding the Law on Public Investment and the 2024 Land Law still contain many unclear contents, affecting land clearance and project implementation. Some ministries and agencies allocated capital to projects that did not meet the requirements, such as lacking investment decisions or exceeding the approved total investment, requiring adjustments. Moreover, the reorganization of the apparatus also affected the progress of some projects.
Transfer capital to well-disbursed projects
The Prime Minister has assigned a plan of VND 825,922 billion in public investment capital for 2025 to ministries, sectors, and localities. To achieve this goal, the Ministry of Finance proposed several drastic solutions.
Accordingly, for the allocated capital, agencies must strictly follow the Prime Minister’s directions. For unallocated capital, after March 15, it will be recalled and allocated to urgent projects. Large and complex projects, especially transportation infrastructure projects, need enhanced inspection and supervision, with clear assignment of responsibilities and close coordination between levels and sectors.
In Dispatch 60, the Prime Minister requested that central ministries, agencies, and localities urgently allocate the 2025 budget plan in detail before May 15; ensure focus without spreading, and comply with legal regulations. Flexible and creative solutions should be applied to accelerate the progress of key projects while ensuring quality and preventing waste and negativity.
Localities need to build detailed disbursement plans by month and quarter; speed up land clearance and remove obstacles related to land and resources. In addition, strengthen on-site inspection and supervision; transfer capital from slow-progress projects to well-disbursed ones.
The Prime Minister directed the Ministry of Finance to instruct investors to coordinate with contractors to expedite procedures for advance payments, prepare materials, and complete payment procedures immediately upon completion of the volume; ensure full disbursement of the capital plan.
To promote the disbursement of public investment capital, Ms. Phi Thi Huong Nga, Head of the Industrial and Construction Statistics Department (Statistics Department – Ministry of Finance), emphasized that ministries, sectors, and localities need to have solutions to ensure the supply of construction materials such as soil, stones, and sand to meet the demands of projects, especially important national and inter-regional transportation projects. The ministries managing industries and fields need to regularly monitor and closely follow the market situation of key construction materials to serve public investment.
Minh Chien
– 07:45 12/05/2025
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