Investments

Lessons Learned: Strategies to Exceed Public Investment Disbursement Targets

Establishing a Land Clearance Steering Committee, proactively collaborating with neighboring localities to source construction materials, and implementing a 'green lane' mechanism for streamlined procedures in key projects are among the proactive solutions adopted by local authorities. These measures aim to ensure the full disbursement of allocated capital by 2025.

Administrator

10 January, 2026

National Conference to Boost Public Investment in 2025 and 2026, Live-Streamed from the Government Office to Localities – Photo: VGP/NB

On the afternoon of January 9th, Prime Minister Pham Minh Chinh chaired the National Conference to Boost Public Investment in 2025 and 2026, live-streamed from the Government Office to localities nationwide.

According to the Ministry of Finance’s report, the total capital allocated for 2025 by the Prime Minister for investment plans across ministries and central agencies is 902,075.555 trillion VND (including additional local budget allocations and carry-over plans from previous years, the total capital to be disbursed is 1,166,535.8 trillion VND).

From the beginning of the year to December 31, 2025, the disbursement reached 755,141.6 trillion VND, achieving 83.7% of the plan assigned by the Prime Minister. Thus, the remaining capital for 2025 to be disbursed by January 31, 2026, to meet the 100% disbursement target is 146,933.955 trillion VND.

For 2026, the Prime Minister has allocated over 995,000 trillion VND in public investment from the state budget to ministries and central agencies (including a 5% savings from central budget investment costs to supplement the Ministry of Construction’s Lao Cai-Hanoi-Hai Phong High-Speed Railway project).

To disburse nearly 1 million trillion VND as planned and approved by the Prime Minister, localities and ministries with strong 2025 disbursement results shared their experiences, such as establishing Land Clearance Steering Committees, proactively sourcing construction materials, and implementing ‘green lane’ mechanisms for key projects.

Ninh Binh has meticulously prepared from investment planning to land clearance for projects

Ninh Binh: Proactive Sourcing of Construction Materials Ensures Project Progress

As one of the top-performing localities in public investment disbursement, Ninh Binh was allocated nearly 76,000 trillion VND and achieved a disbursement rate of 144%. Mr. Tran Huy Tuan, Chairman of Ninh Binh Provincial People’s Committee, stated that to achieve this, Ninh Binh meticulously prepared from investment planning to land clearance, with a focus on resettlement, land recovery, and agricultural land-use conversion.

For project preparation, Ninh Binh emphasizes selecting qualified consultants and contractors with proven construction and financial capabilities. For land clearance, the province established a Land Clearance Steering Committee, flexibly converting land use purposes in phases to ensure timely land handover and resettlement.

Regarding construction materials, Ninh Binh surveyed local supplies during project planning. While stone is abundant, sand and fill materials are insufficient, prompting the province to collaborate with neighboring Thanh Hoa and Hoa Binh for additional resources.

During project execution, Ninh Binh intensifies inspections, supervision, and progress meetings to address challenges promptly. Disbursements are expedited upon completion of verifiable volumes, with issues resolved through meetings and delegated authorities.

Ninh Binh also flexibly reallocates public investment capital, prioritizing well-progressing projects to accelerate disbursement.

“In 2026, Ninh Binh considers it a pivotal year, marking the start of implementing Party Congress resolutions and the 2026-2030 socio-economic development plan. We commit to maintaining our achievements and striving for 100% disbursement of the allocated public investment capital,” Mr. Tran Huy Tuan pledged to the Prime Minister.

Deputy Director of Hanoi Finance Department Nguyen Xuan Sang reports at the online conference. Photo: VGP/Minh Anh

Hanoi: Implementing ‘Green Lane’ Procedures for Key Projects

With a substantial public investment capital of over 103,000 trillion VND, Hanoi exceeded its 2025 disbursement plan, ranking among the nation’s top performers.

Deputy Director of Hanoi Finance Department Nguyen Xuan Sang emphasized that Hanoi views public investment disbursement as a key political task and economic growth driver. From the outset, the city acted decisively, issuing plans and directives with clear timelines and responsibilities for each investor and project. This resulted in the highest absolute disbursement value ever recorded in 2025.

By December 31, 2025, Hanoi’s cumulative disbursement reached over 89,000 trillion VND, achieving 106.8% of the Prime Minister’s plan and 86.2% of the city’s plan. By January 31, 2026, disbursement is expected to reach 117.7% of the Prime Minister’s plan and 95% of the city’s plan.

In 2025, Hanoi launched numerous major projects, both within and outside the budget, to boost the capital’s economy and surrounding regions. These include two large projects (the Hong River Scenic Avenue and the Olympic Sports City Urban Area) and key infrastructure projects like critical bridges (Van Phuc, Ngoc Hoi, Thuong Cat, Tran Hung Dao) and the Van Cao – Hoa Lac section of Metro Line 5.

Mr. Nguyen Xuan Sang highlighted key lessons: strong leadership from the outset, detailed disbursement plans for each project and investor, regular progress meetings, and ‘green lane’ procedures for key projects.

Hanoi mobilized all levels of government for land clearance, notably completing the long-stalled Ring Road 1 project in 2025.

The city also implemented central policies like the two-tier government restructuring, special mechanisms under the Capital Law, and National Assembly resolutions (258/2025 and 188/2025) for major projects and urban rail development.

Hanoi decentralized authority to wards and communes, enhancing autonomy and accountability. Under the two-tier government model, districts delegated investment decision-making, project adjustments, and settlements to communes for previously approved projects.

Public investment capital was managed flexibly, ensuring timely allocation and reallocation from underperforming to better-performing projects.

“In 2026, Hanoi identifies public investment disbursement as crucial for double-digit GRDP growth. The 2026 capital plan is 126,000 trillion VND, already allocated to projects in compliance with central directives,” Mr. Nguyen Xuan Sang stated.

Ministry of Construction: Committed to Over 95% Disbursement by January 31, 2026

In 2025, the Ministry of Construction was allocated 74,320 trillion VND. By December 31, 2025, it had disbursed approximately 76.6%. Deputy Minister Nguyen Danh Huy attributed this to extreme weather, prompting flexible field management and concentrated disbursement in the final two months upon sufficient completion volumes.

“From December 31, 2025, to January 9, 2026, the Ministry disbursed an additional 14,000 trillion VND, reaching 90.4%. By the fiscal year-end (January 31, 2026), we commit to 95% disbursement and aim for 100% as directed by the Prime Minister,” Deputy Minister Nguyen Danh Huy affirmed.

For 2026, the Ministry of Construction was allocated over 133,000 trillion VND. It has fully allocated this capital to investors and issued directives for 100% disbursement in 2026.

Ai Minh

– 21:04 09/01/2026