Prime Minister urges to promote disbursement of public investment capital

Telegram sent to: Ministers of Ministries, Heads of ministerial-level agencies, Government agencies, Heads of other central agencies; Chairmen of People's Committees of provinces and centrally run cities stating:

With the determination of the entire political system, the efforts of all levels, sectors and localities, the disbursement results in 2024 nationwide reached 93.06% of the plan assigned by the Prime Minister. 2025 is identified as a very important year, the final year of the medium-term public investment plan for the period 2021-2025. Promoting the disbursement of public investment capital in 2025 will contribute significantly to the completion of the medium-term public investment plan and contribute to promoting economic growth; The Government and the Prime Minister have issued many documents directing the allocation and disbursement of public investment capital in 2025. However, by March 15, 2025, the ministries, central agencies and localities have only allocated in detail to tasks and projects, reaching about 93% of the plan assigned by the Prime Minister; The amount of unallocated capital is still quite large (VND 57.7 trillion, accounting for about 7.0%) of 19 ministries, central agencies and 32 localities. The estimated disbursement result by March 31, 2025 reached 9.53% of the plan assigned by the Prime Minister, lower than the same period in 2024 (12.27%).

The Prime Minister severely criticized 19 ministries, central agencies and 28 localities that by March 15, 2025 had not yet allocated in detail the public investment capital plan from the state budget for 2025 that had been assigned; requested the above ministries, central agencies and localities to seriously review collective and individual responsibilities for handling according to Party regulations and State laws. At the same time, the Prime Minister criticized 30 ministries, central agencies and 27 localities that by March 31, 2025 had disbursement rates below the national average.

In the context of many unpredictable fluctuations in the world economy, affected by the US's imposition of tariffs on Vietnamese exports, the results of public investment disbursement are of special importance, contributing to promoting growth, stabilizing the macro-economy, ensuring major balances of the economy, creating jobs and livelihoods for people, successfully implementing the 2025 socio-economic development plan assigned by the Central Government and the National Assembly, especially the economic growth target of 8% or more.

In the current situation, it is necessary to adjust the target of public investment disbursement in 2025 to strive to achieve 100% of the plan assigned by the Prime Minister. The Prime Minister requests Ministers and Heads of other central and local agencies to promote responsibility, focus on leadership, direction and implementation to be more drastic, stronger, more timely and more effective than the tasks and solutions to promote the allocation and disbursement of public investment capital in 2025 set out in Resolutions No. 01/NQ-CP dated January 8, 2025; No. 27/NQ-CP dated February 7, 2025; No. 46/NQ-CP dated March 8, 2025 of the Government, the direction of the Prime Minister in Decision No. 1508/QD-TTg dated December 4, 2024, Official Dispatch No. 02/CD-TTg dated January 15, 2025, Official Dispatch No. 16/CD-TTg dated February 18, 2025, Directive No. 03/CT-TTg dated February 4, 2025 and relevant directive documents of the Government and the Prime Minister, focusing on implementing the following key tasks and solutions:

1. Ministries, central and local agencies

a) Thoroughly grasp and clearly identify the task of promoting the disbursement of the 2025 public investment capital plan as one of the top key political tasks that need to be prioritized for leadership, direction and implementation by leaders at all levels, central ministries, provinces and centrally run cities, who are fully responsible to the Government and the Prime Minister for the results of the allocation and disbursement of public investment capital in 2025. Heads of ministries, central agencies and localities must promote responsibility, closely monitor, be specific, grasp the situation, clearly identify the difficulties and causes of slow disbursement of each specific project to directly direct timely resolution within their authority, and report to competent authorities if beyond their authority.

b) Urgently propose a solution to handle the remaining unallocated central budget capital in the 2025 plan, send it to the Ministry of Finance and update it on the national information system on public investment in accordance with regulations.

c) Focus on implementing flexible, creative, timely and effective measures and solutions to drastically promote the implementation and disbursement of public investment capital, 03 National Target Programs; speed up the progress of implementing key and important national projects, highways, inter-regional projects with spillover effects, etc. Accelerating the progress of disbursement of public investment capital must be associated with ensuring the quality of projects and works, preventing negativity, loss, waste and group interests.

d) Focus on accelerating site clearance and construction progress, removing difficulties and obstacles related to land and resources... Strengthen on-site inspection and supervision, urge contractors and consultants to speed up progress. Proactively review and transfer capital according to authority between projects with slow disbursement to projects with better disbursement capacity and projects lacking capital according to regulations, exceeding the authority to report to competent authorities. Assign specific leaders responsible for monitoring implementation progress; closely follow and promptly remove difficulties in a practical and effective manner according to authority and be responsible for the disbursement results of each project.

d) Strengthen discipline and order, strictly handle according to Party and State regulations investors, project management boards, organizations and individuals who intentionally delay the progress of allocation and disbursement of public investment capital.

2. Ministry of Finance

a) Preside over and coordinate with relevant ministries, agencies and localities to synthesize and analyze the reasons for the proposal to extend (or not extend) the implementation time and disbursement of the central budget investment plan in 2024 to 2025 by ministries, central agencies and localities, and report to the Prime Minister before April 10, 2025 in accordance with the direction in Resolution No. 27/NQ-CP dated February 7, 2025 of the Government.

b) Take the lead in closely monitoring the disbursement progress of ministries, central and local agencies, coordinate with VTV, VOV, Vietnam News Agency, Government Electronic Information Portal to publicly announce on the Government Electronic Information Portal, Ministry Electronic Information Portal and on mass media the monthly disbursement results of ministries, central and local agencies; propose to the Government and Prime Minister to commend and reward ministries, agencies and localities with good disbursement, criticize and review the responsibilities of ministries, agencies and localities with slow disbursement at regular monthly Government meetings.

c) Consider amending and supplementing according to authority or reporting and proposing to competent authorities to amend and supplement legal regulations related to public investment to promote the allocation and disbursement of public investment projects and ensure effective use of capital.

3. Ministries and agencies in charge of national target programs review difficulties, problems and recommendations of ministries, branches and localities in the process of allocating and disbursing capital of the 3 national target programs to coordinate with the Ministry of Finance and relevant agencies to handle according to regulations; promptly report to competent authorities on matters beyond their authority.

4. The Prime Minister's Working Groups inspect, urge, remove difficulties and obstacles, promote disbursement of public investment capital at ministries, agencies, and localities, and the Working Groups of Government Members working with localities on the situation of production and business, construction investment, import and export continue to promote inspection and urging activities, promptly remove difficulties and obstacles, and promote disbursement of public investment.

5. Assign Deputy Prime Minister Ho Duc Phoc to direct the implementation and promotion of public investment; assign the Government Office to monitor and urge according to assigned functions, tasks and authorities; report to the Prime Minister on issues beyond its authority./.

Source: https://thoibaonganhang.vn/thu-tuong-don-doc-day-manh-giai-ngan-von-dau-tu-cong-162353.html