Prime Minister Pham Minh Chinh chaired the 2025 National Conference on Promoting Public Investment (the third session) on September 17 in Hanoi, which was connected online with provinces and centrally-run cities.

According to reports, over the past eight months, Vietnam disbursed VND 409 trillion, reaching 46.3% of the plan, up 5.9% in proportion and nearly VND 135.3 trillion in absolute terms compared to the same period in 2024.

Although nine ministries, central agencies, and 22 localities surpassed the national average in disbursement rates, bottlenecks and obstacles remain.

The Government leader urged ministries, agencies, and localities to maintain macroeconomic stability, control inflation, and promote growth through coordinated fiscal and monetary policies, while prioritizing tax and fee relief and accelerating public investment disbursement.

He underscored the need to increase public investment by improving efficiency and quality, preventing corruption and waste, and using public capital as a “catalyst” to mobilize social resources. Disbursement results should also serve as a criterion for evaluating officials, with low-performing ministries, agencies, and localities held accountable.

Agencies were instructed to review and categorize projects based on disbursement levels, establish detailed monthly and quarterly schedules, and implement specific measures to achieve targets.

Ministries and localities were asked to promptly allocate the VND38.4 trillion already approved and submit any proposed adjustments to the Ministry of Finance by September 20.

PM Chinh also emphasized strict action against project owners, management boards, contractors, and officials who delay or underperform, including timely replacement of non-compliant contractors.

Legal documents and guidelines related to public investment disbursement, especially for newly approved laws, should be completed and any obstacles beyond authority swiftly reported.

Finally, the Government chief called for the highest sense of responsibility and joint effort to accelerate public investment, ensuring timely implementation, high-quality works, compliance with regulations, and avoiding corruption, malpractice, and waste.

PM issues official dispatch to accelerate public investment disbursement

Prime Minister Pham Minh Chinh on September 11 signed an official dispatch, urging ministries, agencies, and localities to step up the disbursement of public investment capital this year.

HCM City sees strong growth in first eight months despite slow public investment

Ho Chi Minh City, Vietnam’s economic powerhouse, reported robust gains in industry, services, and foreign investment in the first eight months, but officials warned that sluggish public investment is threatening its 8.5% growth target.