Prime Minister Pham Minh Chinh and Deputy Prime Ministers chaired the 3rd National Conference on Promoting Public Investment in 2025 – Photo: VGP/Nhat Bac |
Shift Mindsets, Abandon Outdated Practices to Prevent Stagnation
Prime Minister Pham Minh Chinh emphasized that public investment disbursement in 2025 has shown significant progress, surpassing the same period in 2024. However, bottlenecks and gaps remain, falling short of the set targets.
 Prime Minister Pham Minh Chinh highlighted progress in public investment disbursement in 2025 but noted persistent bottlenecks and gaps – Photo: VGP/Nhat Bac |
The Prime Minister stressed the need for renewed efforts, innovative thinking, decisive actions, and flexible responses to effectively address challenges. He called for adjusting tasks and solutions to fit the current situation, strengthening leadership, discipline, and timely evaluation and rewards.
Amid complex challenges and opportunities, the Prime Minister urged ministries, agencies, and localities to prioritize macroeconomic stability, inflation control, and sustainable growth while ensuring economic balance.
He emphasized the need for coordinated fiscal and monetary policies to support development. Fiscal policies should focus on tax reductions and accelerating public investment disbursement, aiming for 100% allocation in 2025.
The Prime Minister underscored the importance of enhancing public investment quality, combating corruption, and leveraging it as a growth driver. He urged a shift from outdated mindsets and practices to prevent stagnation, integrate investment into national development efforts, and achieve 2025 goals and long-term strategic objectives.
VND 409 trillion Disbursed in the First 8 Months
The Prime Minister noted that the Government has consistently directed public investment disbursement since the beginning of the year. Two online conferences with ministries and localities were held to boost investment-driven growth.
Disbursement rates and absolute figures have surpassed those of the same period in 2024. In the first 8 months, VND 409 trillion was disbursed, reaching 46% of the target, a 5.9% increase in rate and nearly VND 135.3 trillion in absolute terms compared to 2024.
Nine ministries, central agencies, and 22 localities exceeded the national average. Notable performers include the Ministry of National Defense (54.5%), Ministry of Public Security (64.8%), Thanh Hoa (90.6%), Ninh Binh (90.1%), Phu Tho (74.08%), Bac Ninh (64.6%), and Gia Lai (62.8%). National target program disbursement reached 52.4%.
However, 18 ministries, central agencies, and 30 localities have not fully allocated VND 38.4 trillion. As of August 2025, 29 ministries and 12 localities had disbursement rates below the national average.
– 14:29 17/09/2025
Prime Minister Requests IMF to Continue Policy Advisory and Risk Warnings for Vietnam
Prime Minister requests the IMF to further strengthen cooperation, technical assistance, and human resource training for Vietnam, while implementing programs to support Vietnam’s adaptation to new international economic conditions.
Chief Executive Oversees Comprehensive Responsibility for Flagship Project Implementation
The Prime Minister has mandated that leaders of all agencies and units take direct charge, oversee, and ensure the comprehensive implementation of their projects. Ministries, sectors, and localities are urged to promptly address challenges, particularly in land clearance and material supply for projects, while actively coordinating to prevent bottlenecks that could delay overall progress.
“From Laying the Foundations of Monetary Independence and Economic-Financial Sovereignty to the Aspiration of Making Vietnam a Prosperous and Powerful Nation.”
The State Bank of Vietnam has stood the test of time, proudly serving the nation for 74 years. Beyond its role as a financial and monetary regulator, it acts as a stalwart guardian of macroeconomic stability. Through its diligent management of inflation, exchange rates, and vigilant oversight of the banking system, the State Bank has cemented its position as a pillar of strength. This institution safeguards monetary sovereignty, fortifies the foundations of economic independence, and instills unwavering confidence as Vietnam strides forward in its international integration journey.
“Capital Investment Allocation Exceeds 95% of the Planned Target”
With a staggering public investment capital of over 1 quadrillion VND, 2025 is considered a pivotal year to boost economic growth. While there has been an improvement in progress compared to the same period last year, meeting the year-end target of 100% will require an even more aggressive push from all levels of government, industries, and localities. The government is closely monitoring the situation, and it’s time to step up our efforts to drive the economy forward.
Unlocking Public Investment Capital: Empowering Local Governments to Drive Development
While some localities have achieved positive results with high disbursement rates, many others are facing challenges due to obstacles in site clearance, lack of materials, and delays in project implementation.
