Mr. Do Thanh Trung, Deputy Minister of Finance (right), answers the press at the regular Government meeting. (Photo: Vietnam+)
|
In the afternoon of June 4th, at the regular Government press conference, in response to the media’s question about solutions to achieve 100% public investment disbursement this year, although the disbursement of public investment in the first five months was higher compared to the same period last year, in absolute terms, only nearly VND 200,000 billion has been disbursed so far out of the total approved public investment of VND 875,000 billion. Mr. Do Thanh Trung, Deputy Minister of Finance, stated that it is crucial to have the consensus and efforts of ministries, central agencies, and local governments to accomplish the set goal.
Mr. Trung shared that compared to the same period last year, when Vietnam disbursed VND 143,000 billion out of more than VND 630,000 billion, with a disbursement rate of only about 21.68%, this year’s results show improvement. The Prime Minister has assigned a target of over VND 800,000 billion, and approximately VND 200,000 billion has been disbursed so far, achieving a disbursement rate of about 24.3%. In both absolute and relative terms, this year’s figures are higher.
According to Mr. Trung, this progress is thanks to the dedication and efforts of all levels and sectors, especially the strong leadership and direction of the Government and the Prime Minister. The Prime Minister and his deputies, along with ministers, have been consistently visiting and inspecting investment projects, actively addressing any challenges and obstacles.
Each month, the Ministry of Finance reports and accompanies government leaders to focus on resolving difficulties related to investment projects. As a result, the disbursement of public investment improved in April and May. Most recently, on May 20, 2025, the Prime Minister chaired a conference on promoting public investment disbursement, leading to significant improvements in this area. In addition to disbursement, the implementation rate of projects is also higher than in the previous year.
However, Mr. Trung emphasized that the Ministry of Finance cannot single-handedly drive public investment disbursement. It requires the consensus and efforts of all ministries, central agencies, and local governments to achieve the set goal of 100% disbursement.
The Ministry of Finance has submitted to the Government a draft amendment to seven laws, including important contents related to the Law on Investment and the Law on Public Investment. The draft focuses on decentralization, clarifying responsibilities, and simplifying procedures for appraisal, approval, payment, and settlement. Implementing decrees will be constructed for immediate implementation after the National Assembly passes the law.
The Ministry of Finance is also working with other ministries and sectors to develop decrees to ensure effective implementation in the context of reforming the government apparatus into a two-tier model.
Additionally, the Ministry of Finance is focused on coordinating with other ministries to identify and address bottlenecks and difficulties related to compensation, site clearance, material supply, pricing, and other specialized regulations.
In parallel, the Ministry of Finance ensures timely adjustments in planning, capital allocation, and capital distribution to meet the demands of projects, identifying projects with high disbursement potential and those with low disbursement prospects to accelerate capital disbursement.
“The Ministry of Finance hopes to receive close coordination from the media to help us communicate any adjustments to the regulations effectively and achieve the goal of 100% public investment disbursement,” emphasized Mr. Trung.
Thuy Ha
– 17:55 06/04/2025
The City of Ho Chi Minh: Economy Booms, FDI Surges, and Investment Confidence Restored in the First Five Months
Amidst a tapestry of challenges, Ho Chi Minh City’s economy in the first five months of 2025 displayed promising resilience. Foreign direct investment (FDI) inflows reached an impressive $1.8 billion, reflecting an 87.5% surge compared to the same period last year. This, coupled with stable macroeconomic indicators and a gradual recovery in investor confidence, paints a picture of enduring economic vitality for the city.
A Central Coastal Province Prepares for a New Township: Over 500 Hectares of Coastal Development to Accommodate 35,000 Residents Near the Airport and Within a Dynamic Economic Zone
The Northwestern Urban Area of Chu Lai Airport (Nui Thanh District, Quang Nam Province) is envisioned to attain benchmarks on par with a Type II urban area, boasting a projected population of 35,000 individuals.
“Seizing Opportunities: The Fifty-Year Leap for Businesses”
“Mai Kieu Lien, CEO of Vinamilk, believes that Resolution 68 of the Political Bureau will be yet another milestone for businesses to thrive economically.”
“Unraveling Business Conundrums: A Conversation with Mai Kiều Liên”
“It takes time to untangle the complexities of a business,” says Mai Kieu Lien. “But once those knots are undone, progress will flow like water unblocked and ready to surge forward.”
Unlocking Vietnam’s Economic Potential: Prime Minister Pham Minh Chinh’s Seven Tasks to Empower the Private Sector
“Concluding the discussion with businesses on private sector development, Prime Minister Pham Minh Chinh summarized six key takeaways from the delegates’ passionate contributions; he shared six hopes, trusts, and expectations for businesses and entrepreneurs. The Prime Minister also outlined seven task clusters and solutions that the Government, ministries, sectors, and localities must focus on implementing in the coming time.”
