Nghe An province disburses public investment funds above the national average.
On the morning of September 17th, the Government held a national conference to promote public investment in 2025, using a hybrid format of in-person and online participation. This was the third meeting of the Government with ministries, sectors, and localities on this topic this year.
Comrade Pham Minh Chinh - Member of the Political Bureau, Prime Minister - presided over the meeting at the Government's meeting point. Co-chairing the meeting was Comrade Ho Duc Phoc - Member of the Central Committee of the Party, Deputy Prime Minister.
At the Nghe An location, Comrade Le Hong Vinh - Deputy Secretary of the Provincial Party Committee and Chairman of the Provincial People's Committee - presided. Co-presiding were Comrade Hoang Phu Hien - Member of the Provincial Party Committee, Vice Chairman of the Provincial People's Committee, and leaders of relevant departments and agencies.
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"Seed capital" fuels growth.
2025 is a year of acceleration, aiming to achieve the goals of the 5-year socio-economic development plan and the medium-term public investment plan for the period 2021-2025. The government has set a growth target of 8.3-8.5%.
In this context, public investment plays the role of "seed capital" to guide investment across society, strongly attracting private investment and FDI, promoting production and business, creating jobs and ensuring social security, and is considered an important driving force to ensure growth targets.
In Nghe An province, this year, the province has been allocated 10,003.9 billion VND for public investment. This year, the province will receive an additional 111.6 billion VND for national target programs and 100 billion VND to support the investment preparation phase of the Vinh - Thanh Thuy expressway project.
Regarding the allocated capital from the beginning of the year, the province has disbursed 9,985 billion VND, reaching 99.8%; only 18.2 billion VND of national target program capital remains unused, and the Provincial People's Committee has submitted a document requesting its return to the central budget.
With an additional capital of 111.6 billion VND, the Provincial People's Committee has finalized the first allocation plan to submit to the Provincial People's Council for consideration. Regarding the Vinh - Thanh Thuy expressway project, the Provincial People's Committee has announced the funding source and assigned the Department of Construction to complete the necessary documents and procedures as a basis for allocation.
In the context of implementing a two-tiered local government system, Nghe An province has completed a review of all projects previously managed by the district level, issuing decisions assigning specific project owners to the relevant units for handover, acceptance, and continued implementation.
According to a report by the Ministry of Finance, as of August 31st, Nghe An province is estimated to have disbursed 5,941 billion VND, reaching 58.2% of the plan. This rate is higher than the national average (46.3%), placing Nghe An 11th among provinces and cities and in the group of 22 localities with disbursement results at or above average.
Nationwide, as of August 31st, the total disbursed capital is estimated at VND 409,174 billion, equivalent to 46.3% of the plan assigned by the Prime Minister, higher than the same period in 2024 (40.4%).
Reallocate funds from slow-moving projects to projects with good disbursement potential.
Concluding the conference, Prime Minister Pham Minh Chinh acknowledged and commended the ministries, central agencies, and localities with high capital disbursement rates; at the same time, he severely criticized units with disbursement rates below the national average; and requested a review and clarification of the responsibilities of the relevant collectives and individuals, based on which specific solutions should be proposed to accelerate progress in the coming period.
In 2025, the total public investment plan is set at its highest level in history, along with a target of 100% disbursement. This places enormous demands on investors.
To achieve success, ministries, departments, and localities need to demonstrate strong determination, great effort, decisive action, and proactive, creative, and positive approaches. Implementation must be closely linked to the "six clear principles": clear person, clear task, clear time, clear responsibility, clear output, and clear authority.
The head of the government emphasized the need for ministers, heads of departments, and chairpersons of provincial and city People's Committees to uphold a high sense of responsibility, promote their leadership role, and "only discuss how to act, not how to retreat"; regularly review, supervise, and resolve obstacles; specify responsibilities for each individual; and consider disbursement results as an important criterion for evaluating the level of task completion each year.
The Prime Minister directed the urgent allocation of the entire 2025 public investment plan in detail; reviewing and classifying projects according to disbursement progress: good, slow, and unlikely to disburse; developing monthly and quarterly schedules; and simultaneously transferring capital from slow projects to projects with good disbursement potential and additional needs.
The Prime Minister requested decisive action in land clearance; strict handling of investors, project management boards, and contractors who deliberately delay progress; and focus on resolving obstacles related to the supply of construction materials, especially for key transportation infrastructure projects and nationally important projects.
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The head of the government also requested that the role of the eight government leadership task forces be strengthened in urging and resolving difficulties for production, business, infrastructure construction, promoting growth, and accelerating the disbursement of public investment capital, along with task forces in ministries, sectors, and localities.
