Speed ​​up public investment disbursement, but must ensure strictness, not allowing negativity and waste to arise.

Deputy Prime Minister Nguyen Hoa Binh emphasized that promoting disbursement of public investment capital is one of the very important tasks, especially in the context that we set a high growth target, specifically at least 8% in 2025 and double-digit growth in the following years - Photo: VGP/Nguyen Hoang

This afternoon (April 3), Permanent Deputy Prime Minister Nguyen Hoa Binh chaired a direct meeting, combined with online meetings with a number of ministries, agencies, and localities to inspect, urge, remove difficulties and obstacles, and promote public investment disbursement in 2025 according to Decision No. 523 of the Prime Minister.

On March 6, 2025, Prime Minister Pham Minh Chinh signed Decision No. 523/QD-TTg to establish working groups to inspect, urge, remove difficulties and obstacles, and promote annual disbursement of public investment capital at ministries, central agencies and localities.

Accordingly, Working Group No. 1, headed by Deputy Prime Minister Nguyen Hoa Binh, inspected the ministries and central agencies: Office of the National Assembly, Office of the Government, Supreme People's Court, Supreme People's Procuracy, Ministry of National Defense, Ministry of Public Security, Ministry of Home Affairs, Government Inspectorate, Vietnam Cooperative Alliance; and localities: Hue, Da Nang, Quang Nam, Quang Ngai, Binh Dinh, Phu Yen, Khanh Hoa, Ninh Thuan, Binh Thuan.

The Deputy Prime Minister clearly stated the requirement to further accelerate the progress of disbursement of public investment capital. Disbursement must be quick, but must be strictly ensured, in accordance with regulations and procedures, to avoid negativity and waste - Photo: VGP/Nguyen Hoang

Disbursement rate is higher than the national average

Reporting on the situation of allocation and disbursement of public investment capital and difficulties and problems of ministries, central and local agencies under Working Group No. 1 in the first 3 months of 2025, Deputy Minister of Finance Bui Van Khang said that the total state budget investment plan in 2025 assigned by the Prime Minister to ministries, central and local agencies under Working Group No. 1 is VND 85,802,103 million (of which the central budget capital is VND 45,937,903 million, the local budget capital is VND 39,864,200 million), accounting for 10.4% of the total plan assigned by the Prime Minister nationwide (VND 825,922,269 million).

By the end of March, 5/9 ministries, central agencies and 4/9 localities had allocated all assigned capital plans; 4/9 ministries, central agencies and 5/9 localities had not allocated all assigned capital plans with the total remaining unallocated capital being 1,597,639 million VND (of which central budget capital was 932,258 million VND, local budget capital was 665,381 million VND), accounting for 1.86% of the total plan assigned by the Prime Minister to ministries, central agencies and localities under Working Group No. 1.

The main reasons are that ministries, agencies and localities have not yet allocated 100% of the 2025 State budget investment plan in detail for tasks and projects; because newly started projects have not completed investment procedures, they are not eligible for capital plan arrangement; ODA projects are slow to sign loan agreements, so they are not eligible for allocation; projects are having to adjust investment policies due to the implementation of the project to arrange and streamline the organizational apparatus; projects under national target programs have allocated enough capital according to the approved scale, objects and objectives, so they no longer need to use capital; units propose plans for 2025 that are higher than the project's capital needs, leading to difficulties in regulating the assigned capital plan.

According to Deputy Minister of Finance Bui Van Khang, the estimated disbursement by March 31, 2025 of ministries, central and local agencies under Working Group No. 1 reached 11.4% of the plan assigned by the Prime Minister, higher than the national average.

Of which, there are 3 agencies and 4 localities with disbursement rates higher than the average disbursement rate of the whole country, including: Ministry of National Defense (10.3%), Supreme People's Procuracy (10.4%), Ministry of Public Security (12.67%), Thua Thien Hue (19.57%), Binh Dinh (20.25%), Ninh Thuan (13.83%), Da Nang (11.42%).

However, there are still some ministries, agencies and localities whose disbursement rates are below the national average. The main reason is that some projects in the investment preparation process have to be adjusted due to the implementation of the project to continue to rearrange and streamline the organizational apparatus, leading to the lack of capital allocation plans. Payment and settlement work is interrupted, or affected by changes in responsibilities, powers, and procedures at the local level and new functional agencies after the rearrangement and reorganization of the apparatus. The merger of departments and branches leads to changes in investors, thus slowing down the implementation of disbursement procedures...

In addition, there are other reasons such as: Some projects have been implemented but have not completed the acceptance and payment documents for disbursement; Lunar New Year in early February 2025 affects the disbursement progress of the first 3 months of the year; limited supply of raw materials, especially soil and sand; prices of many raw materials have increased dramatically compared to the time of bidding, increasing project costs; capital sources for implementing national target programs are mostly assigned to localities (commune level) for implementation, capital allocation is still slow, and the capacity to manage and implement projects and works at the commune level is still limited.

In disbursing public investment, the Permanent Deputy Prime Minister requested ministries, central agencies, especially localities, to focus more on key projects, especially highways and coastal routes - Photo: VGP/Nguyen Hoang

Resolutely implement tasks and solutions to promote disbursement of public investment capital

In order to ensure the disbursement rate of public investment capital in 2025 reaches the target of over 95% of the plan assigned by the Prime Minister, the Ministry of Finance emphasized that for ministries, branches and localities that are having difficulties related to the arrangement and reorganization of subordinate units, it is necessary to base on the authority to decide on projects according to the Law on Public Investment to review and evaluate the headquarters projects that need to be arranged, determine the quantity, scale and list of projects that need to continue to be implemented to avoid waste, on that basis, urgently implement the assigned plan for 2025.

Regarding difficulties related to ODA projects, it is recommended that the competent authorities and project owners closely follow the project implementation progress and project adjustment progress, promptly remove obstacles and difficulties in project implementation and disbursement, and direct the focus on promoting disbursement of projects that have completed investment procedures, bidding, and contract signing; coordinate with the Ministry of Finance to promptly discuss with donors in case of arising problems.

Regarding difficulties related to the national target program, the program owners, projects, sub-projects and the Provincial People's Committee promptly grasp the difficulties and obstacles in the implementation organization of the locality (especially commune-level units) to direct, remove, guide, and even assign specialized staff to support commune-level units.

For large-scale projects with complex technical requirements, spanning many localities, urgent construction time, difficult terrain and weather conditions, and shortage of raw materials, it is necessary to strengthen inspection and supervision, clearly assign responsibilities, and closely coordinate between levels and sectors to ensure scientific and effective work.

For the allocated capital, it is necessary to continue to resolutely implement tasks and solutions to promote disbursement of public investment capital according to the direction of the Prime Minister.

The Ministry of Finance also noted that ministries, localities, and agencies should develop disbursement plans and require investors to report disbursement progress monthly and quarterly, as a basis for reviewing and cutting capital plans of slow-disbursing projects to supplement other projects with good disbursement capacity and in need of speeding up progress, especially important, urgent projects and strategic infrastructure projects.

Regarding local budget capital, it is recommended that localities speed up the progress of local budget collection, especially land use collection, to ensure capital allocation progress.

Deputy Minister of Finance Bui Van Khang said that the estimated disbursement by March 31, 2025 of ministries, central and local agencies under Working Group No. 1 reached 11.4% of the plan assigned by the Prime Minister, higher than the national average - Photo: VGP/Nguyen Hoang

Transfer capital to better disbursement projects, or to truly urgent and necessary projects.

Speaking at the meeting, Deputy Prime Minister Nguyen Hoa Binh emphasized that promoting disbursement of public investment capital is one of the key and very important tasks, especially in the context that we set a high growth target, specifically at least 8% in 2025 and double-digit growth in the following years. In particular, in the context that the world economic situation continues to have extremely complicated developments, trade competition is fierce and unpredictable, the United States has just announced to impose reciprocal tariffs on goods from many countries, including Vietnam..., the issue of promoting disbursement of public investment is even more important in realizing the growth and development target.

The US announcement of the above tax will more or less have a certain impact on the implementation of the growth target. The Government has also met, assessed the impact and proposed solutions. In such conditions, we must further promote traditional growth drivers to compensate for the shortages caused by objective problems arising from the situation, which may have a negative impact on the implementation of the growth target.

Regarding the disbursement of public investment in 2025 for ministries, agencies and localities under Working Group No. 1, the Deputy Prime Minister said that ministries, agencies and localities have actively implemented assigned tasks and basically completed the allocation. However, there are still some ministries, central agencies and localities that have not fully allocated the assigned capital plan, and it is necessary to review and focus on allocating it in the next 1 to 2 weeks.

Regarding the disbursement of public investment capital, the First Deputy Prime Minister highly appreciated many ministries and localities for affirming their strong commitment to disbursement, giving strong direction, establishing inspection and supervision teams, focusing on removing practical difficulties, such as issues of materials, compensation, site clearance, etc., thereby contributing to promoting the progress of disbursement of public investment capital for works and projects according to assigned requirements and plans.

For projects that are behind schedule, projects with non-urgent needs, projects that are unable to disburse funds, etc., ministries, agencies, and localities need to promptly send reports to the Ministry of Finance for consideration, to have a solution, and to transfer capital to projects with better disbursement, or to projects that are truly urgent and necessary - Photo: VGP/Nguyen Hoang

In disbursing public investment, the First Deputy Prime Minister requested ministries, central agencies, especially localities to focus more on key projects, especially highways and coastal routes. For highways and projects funded by the central government, localities must also be very responsible, focus on directing, removing difficulties, and effectively implementing site clearance, resettlement, and other tasks, ensuring that projects are accelerated and completed soon.

For projects that are behind schedule, projects with non-urgent needs, projects that are unable to disburse funds, etc., ministries, agencies, and localities need to promptly send reports to the Ministry of Finance for consideration, to have a plan to handle and transfer capital to projects with better disbursement, or to projects that are truly urgent and necessary.

Once again affirming that promoting the disbursement of public investment capital is one of the very important tasks in the current context, Deputy Prime Minister Nguyen Hoa Binh stated that the general spirit is that we need to further accelerate the progress of disbursement of public investment capital. Disbursement must be quick, but must be strictly ensured, in accordance with regulations and procedures, to avoid negativity and waste.

Nguyen Hoang

Source: https://baochinhphu.vn/day-nhanh-giai-ngan-dau-tu-cong-nhung-phai-bao-dam-chat-che-khong-de-phat-sinh-tieu-cuc-lang-phi-102250403155649833.htm