The Ministry of Construction has a significant amount of disbursement planned for the remaining months, totaling over 58,800 billion VND
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According to the Finance and Planning Department (Ministry of Construction), as of July 2025, the estimated disbursement for the entire ministry is approximately 28,383 billion VND, achieving nearly 33% of the plan assigned by the Prime Minister. Many investors and Project Management Boards (PMBs) have achieved encouraging disbursement results, with PMB 6 disbursing over 300 billion VND more than their registered plan.
However, based on the inspection results of the disbursement process at 16 key and important projects of 6 PMBs under the ministry, combined with the monthly disbursement results of some PMBs, it is evident that disbursement progress is still slower than planned.
Disbursement plans are unrealistic
For instance, PMB 85, which is in charge of four projects, including Hoài Nhơn – Quy Nhơn, Quy Nhơn – Chí Thạnh, Biên Hòa – Vũng Tàu Expressway, and Đại Ngãi Bridge, has a disbursement rate that lags by 45-26% depending on the project, except for the Đại Ngãi Bridge project, which has exceeded its plan.
Meanwhile, PMB 6, responsible for two projects, Vũng Áng – Bùng and Bùng – Vạn Ninh Expressway, has only achieved 33% of its plan (a delay of 47% for the Bùng – Vạn Ninh project and 76% for the Vũng Áng – Bùng project).
The Project Management Board for the Ho Chi Minh Road (in charge of four projects, including the Wan Ninh – Cam Lo project component, Rach Goi – Ben Nhat and Go Quao – Vinh Thuan, the Hoa Lien – Tuy Loan project component, and the Cho Chu – Ngã Ba Trung Sơn project) has two projects that are ahead of schedule and two that are behind. Overall, the disbursement rate is approximately 93%, 6.7% behind the registered plan.
Consolidating the reasons, the Finance and Planning Department attributed the slow disbursement of the PMBs to the following factors: Significant price reductions during the bidding process, resulting in reduced spending requirements; negative price fluctuations or inability to determine the price fluctuation index, leading to surplus funds due to unused contingency amounts; the continued 2% VAT reduction; lower-than-expected site clearance and compensation costs; adjustments to estimates after finalization of previous projects and settlement of debts; the need for investors to approve revised estimates and make deductions in accordance with inspection and audit conclusions; and slower-than-expected progress on some projects, resulting in the inability to disburse the allocated plans in full.
Additionally, some projects/items that were allocated sufficient plans for completion in 2025 are at high risk of non-completion or full disbursement of the allocated plans, and may need to extend implementation and carry over disbursement plans to 2026. These include the Cao Bang bypass, the expansion of QL14B Da Nang, the improvement of QL14E Da Nang, the improvement of QL8C Ha Tinh, and the improvement of QL2 Phu Tho.
Investors are urged to take advantage of favorable weather conditions, increase shifts, and adopt a rolling construction approach to expedite progress and complete projects as required.
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Expediting progress to make up for disbursement volume
The Finance and Planning Department assessed that the ministry has a significant amount of disbursement planned for the remaining months, totaling over 58,800 billion VND. To achieve the average monthly disbursement target of approximately 9,800 billion VND, the ministry has directed project owners to accelerate progress and make up for delayed construction volumes, ensuring the completion of projects as per the directed schedule. This includes the immediate commencement of site clearance and resettlement for the Laos – Hanoi – Hai Phong railway and the high-speed railway on the North-South axis to compensate for surplus funds in other projects.
Investors are urged to take advantage of favorable weather conditions, increase shifts, and adopt a rolling construction approach to expedite progress and complete projects as required. Close coordination with local authorities is also essential to resolve long-standing site clearance issues and ensure a steady supply of materials. Additionally, investors should expedite the completion of procedures for acceptance and payment of completed volumes and site clearance costs to make up for the slow disbursement in the remaining months.
– 11:10 21/08/2025
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