On October 18, Prime Minister Phạm Minh Chính chaired the fourth nationwide online conference on promoting public investment for 2025 with 34 provinces and cities.
In his opening remarks, the Prime Minister stated that with only two months remaining in 2025, it is necessary to accelerate efforts and make breakthroughs. The government has set a target to achieve growth of at least 8% this year, creating momentum for double-digit growth. Therefore, one of the key growth drivers is investment, including public investment; it is essential to increase revenue and reduce regular expenditures.
Clearly review and evaluate public investment disbursement results
Reports indicate that the public investment capital disbursement rate during this term has significantly increased compared to the previous term, reflecting substantial efforts. To date, public investment capital disbursement has been effectively implemented, avoiding fragmentation, with this year’s capital amounting to 1.11 million billion VND.
Given the requirement to strive for 100% capital disbursement this year to contribute to growth, the Prime Minister expects all levels, sectors, and localities to demonstrate a sense of responsibility towards the country, emphasizing public investment as a key driver for economic growth.
As of October 16, the country had disbursed nearly 455,000 billion VND, achieving 50.7% of the plan—a low level compared to requirements, having increased by only over 14,000 billion VND since September 30. Additionally, 29 central agencies and 18 localities have disbursement rates below the national average.
Therefore, he requested the Ministry of Finance to clarify the reallocation of capital from low-disbursement areas to those with better performance. The Politburo has issued Regulation 366 on review and evaluation, reassessing the quality of collectives and individuals within the political system, including criteria for evaluating cadres in public investment capital disbursement.
Emphasizing that “every house built, every completed project and task brings joy, excitement, and happiness to the people, contributing to the country’s development,” the Prime Minister requested delegates to focus on reviewing and evaluating public investment disbursement results.
Accordingly, it is necessary to promote the spirit of “speaking less, doing more, with concrete results”; ministries, sectors, and localities must clarify causes and responsibilities in public investment disbursement; identify obstacles that need resolution and determine which levels or sectors are responsible for addressing them; avoid shifting or evading responsibility…
Disbursement reaches only 50.7%, reallocating capital to well-performing units
The Ministry of Finance reported that the total state budget capital plan for 2025 assigned by the Prime Minister is 897,253.3 billion VND (including: central budget capital of 421,526 billion VND and local budget capital of 475,727.3 billion VND).
The total capital allocated by ministries, central agencies, and localities is 871,050.7 billion VND, achieving 97.1% of the plan assigned by the Prime Minister. The remaining unallocated capital is 26,202.6 billion VND, from 20 ministries and 26 localities, accounting for 2.9% of the state budget capital plan for 2025, of which the central budget is 26,109.8 billion VND and the local budget is 92.8 billion VND.
According to the ministry, the unallocated capital is due to: 19,086.7 billion VND recently supplemented from increased revenue and central budget savings in 2024; 4,696.8 billion VND of the central budget capital plan for 2025 has been reallocated from ministries and localities with low disbursement to those with additional capital needs to accelerate implementation progress.
Disbursement from the beginning of the year to October 16 exceeded 454,946 billion VND, achieving 50.7% of the plan assigned by the Prime Minister, an increase of 14,544 billion VND compared to the disbursement reported to the government on September 30.
As of October 16, 9 central agencies and 16 localities have disbursement rates above the national average; meanwhile, 29 central agencies and
