Capital disbursement for public investment up to the end of July is estimated at 39.45% of the plan
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The Ministry of Finance has just issued Document No. 11602/BTC-PTHT reporting to the Prime Minister on the implementation of the mid-term public investment plan sourced from the state budget in the first 6 months, estimating 7 years in 2025.
In terms of capital disbursement for the 2025 plan, the Ministry of Finance said that the cumulative disbursement from the beginning of the year to June 30, 2025, was VND 318,573.2 billion, reaching 32.37% of the plan (VND 984,235.4 billion), reaching 36.01% of the plan assigned by the Prime Minister. Of which, the National Target Program (NTP) was VND 10,877.4 billion (reaching 44.47% of the plan assigned by the Prime Minister).
The estimated disbursement from the beginning of the year to July 31, 2025, was VND 388,301.15 billion, reaching 39.45% of the plan, reaching 43.9% of the plan assigned by the Prime Minister (in the same period in 2024, it reached 27.76% of the plan and 33.8% of the plan assigned by the Prime Minister). Of which, the NTP was VND 12,840.7 billion (reaching 52.5% of the plan assigned by the Prime Minister).
The disbursement rate increased compared to the same period last year
In the context of the transition to a two-level local government model, the whole country has made efforts to accelerate the disbursement progress of the 2025 public investment plan. It is estimated that in July, the disbursed amount of the whole country increased by VND 69,728 billion compared to the disbursed amount up to the end of June. The general disbursement rate of the whole country up to the end of July reached 43.9%, an increase of 10.1% compared to the same period last year (33.8%); especially the local budget (LB) with a disbursement rate of 57.5%, an increase of 24.2% compared to the same period last year (33.3%). There were 04/42 ministries and 19/34 localities with a disbursement rate equal to or higher than the national average; 38/42 ministries and 15/34 localities had a disbursement rate below the national average.
At present, the Government has submitted to the Standing Committee of the National Assembly for consideration and adjustment of the reduction of the mid-term investment plan of the state budget in 2025 of a number of central ministries, agencies, and localities; at the same time, a number of ministries and localities have just been assigned by the Prime Minister to supplement the capital plan for 2025, so these units have not had time to allocate and disburse this capital source. Therefore, to ensure an accurate evaluation of the implementation of the capital plan according to the actual situation of the ministries, central agencies, and localities, the Ministry of Finance has adjusted the evaluation of the disbursement rate in the first 7 months of the units, calculated on the basis of the proposed reduction plan and excluding the newly assigned plan. Accordingly:
There were 06 central ministries and agencies and 23 localities with an estimated disbursement rate equal to or higher than the national average, including: Policy Bank; Vietnam General Confederation of Labor; Voice of Vietnam; Vietnam Electricity; Ministry of National Defense; Ministry of Public Security; Ha Tinh; Thanh Hoa; Ninh Binh; Nghe An; Phu Tho; Thai Nguyen; Bac Ninh; Lao Cai; Gia Lai; Quang Ngai; Tay Ninh; Hue; Dien Bien; Dak Lak; Tuyen Quang; Khanh Hoa; Hung Yen; Quang Ninh; Dong Thap; Hai Phong; Cao Bang; Ho Chi Minh City; Lang Son.
There were 30 central ministries and agencies and 11 localities with an estimated disbursement rate below the national average.
Ensure no disruption or interruption in the implementation and disbursement of public investment capital
To ensure a disbursement rate of public investment capital in 2025 reaching 100% of the plan assigned by the Prime Minister, contributing to promoting growth of over 8% for the whole year, ministries, central agencies, and localities need to seriously draw experiences, promptly and drastically implement objectives, tasks, and solutions to promote the disbursement of public investment capital according to the direction of Resolution No. 205/NQ-CP dated July 6, 2025 of the Government on the regular meeting in June 2025. On that basis, the Ministry of Finance proposes that ministries, central agencies, and localities implement a number of key recommendations and solutions as follows:
Strongly direct and organize the implementation, ensuring no disruption or interruption in the implementation and disbursement of public investment capital during the period of rearranging the organization of administrative units at all levels, transitioning to a two-level local government model.
Currently, many mechanisms and policies on public investment have been amended towards promoting decentralization and empowerment, creating more initiative and flexibility for levels, sectors, and localities in investment preparation and project implementation. Accordingly, it is requested that ministries, central agencies, and localities urgently complete investment procedures for projects within their competence; proactively review and promptly cut capital plans of projects with slow disbursement to transfer and supplement capital for other projects with good disbursement and high demand for accelerated progress, especially important and urgent projects and strategic infrastructure projects.
At the same time, proactively build a capital disbursement plan and require investors to report on disbursement progress on a monthly and quarterly basis; promptly remove difficulties and obstacles arising for each project, striving to reach a disbursement rate of public investment capital by the end of the third quarter of 40% of the plan assigned by the Prime Minister, and the whole year of 2025 reaching 100%.
Continue to focus on removing difficulties and obstacles in site clearance, mobilize the participation of the heads of Party committees and authorities and the whole political system, strengthen leadership and direction, and supplement experienced staff in site clearance for communes; identify compensation and site clearance as a bottleneck in the project implementation process that needs to be focused on removing, minimizing the situation of projects waiting for land.
For important national projects and key projects in the field of transportation:
It is proposed that the Ministry of Construction and localities speed up the progress of project implementation, strengthen inspection and supervision, clearly divide responsibilities, and closely coordinate between levels and sectors to ensure scientific and effective work… to strive to achieve the target of 3,000 km of expressways in 2025 and over 1,000 km of coastal roads in 2025; urgently complete investment procedures for new projects to ensure the conditions for construction on the occasion of August 19, 2025, to celebrate the 80th anniversary of the August Revolution and National Day, September 2.
The Ministry of Construction urgently adjusts the mid-term public investment plan for 2021-2025 of projects with the state budget capital that have been decided by the Prime Minister to adjust the medium-term plan for the period of 2021-2025 in Decision No. 1250/QD-TTg dated June 23, 2025, to supplement the capital plan for the project of the railway route from Lao Cai to Hanoi and Haiphong.
For ODA projects: Project management agencies and investors urgently complete investment procedures for projects; at the same time, closely monitor the progress of project implementation and project adjustment, promptly remove difficulties and obstacles in project implementation and disbursement, and direct the focus on promoting disbursement of projects that have completed investment procedures, bidding, and contract signing; coordinate with the Ministry of Finance to promptly exchange with donors in case of problems arise.
For local budget capital: Localities continue to speed up the progress of local budget collection, especially land use levy collection, to ensure capital allocation progress; at the same time, proactively report to competent authorities with solutions to supplement capital sources in case of failure to ensure land use levy collection to ensure capital allocation for projects.
It is proposed that localities urgently implement and disburse capital for projects, especially important national projects and key projects in the field of transportation managed by localities, specifically: Ninh Binh – Hai Phong Expressway (CT.08), DATP3 construction of Ring Road 4 of the Capital Region, Gia Nghia – Chon Thanh Expressway, Tan Phu – Bao Loc Expressway, Bao Loc – Lien Khuong Expressway, Ring Road 3 of Ho Chi Minh City, Ho Chi Minh City – Moc Bai (PPP);…
– 08:45 05/08/2025
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