The Prime Minister urged the acceleration of public investment disbursement in 2025.

The official dispatch sent to the Ministers of Ministries, Heads of ministerial-level agencies, agencies under the Government, Heads of other central agencies; and Chairpersons of People's Committees of provinces and centrally-administered cities stated:

With the determined efforts of the entire political system and the endeavors of all levels, sectors, and localities, the disbursement results for 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 2021-2025 period. Accelerating the disbursement of public investment capital in 2025 will significantly contribute to completing the medium-term public investment plan and promoting economic growth. The Government and the Prime Minister have issued numerous directives on the allocation and disbursement of public investment capital in 2025. However, as of March 15, 2025, ministries, central agencies, and localities have only allocated detailed funds to tasks and projects, reaching approximately 93% of the plan assigned by the Prime Minister. A significant amount of unallocated capital (VND 57.7 trillion, accounting for approximately 7.0%) remains unallocated across 19 ministries and central agencies and 32 localities. The estimated disbursement rate by March 31, 2025, is 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 and central agencies and 28 localities that, as of March 15, 2025, had not fully allocated the public investment capital plan from the state budget for 2025; and requested these ministries, central agencies, and localities to seriously review their collective and individual responsibilities for handling according to the regulations of the Party and the laws of the State. At the same time, the Prime Minister criticized 30 ministries and central agencies and 27 localities that, as of March 31, 2025, had disbursement rates below the national average.

In the context of a volatile and unpredictable global economy, and the impact of US tariffs on Vietnamese exports, the disbursement of public investment capital is of particular importance. It contributes to promoting growth, stabilizing the macroeconomy, ensuring major economic balances, creating jobs and livelihoods for the people, and successfully implementing the socio-economic development plan for 2025 assigned by the Central Committee and the National Assembly, especially the target of achieving economic growth of 8% or more.

Given the current situation, it is necessary to adjust the disbursement target for public investment capital in 2025 to strive to achieve 100% of the plan assigned by the Prime Minister. The Prime Minister requests that Ministers and heads of other central and local agencies uphold their responsibilities and focus on leading, directing, and managing the implementation more decisively, strongly, promptly, and effectively of the tasks and solutions to accelerate the allocation and disbursement of public investment capital in 2025 as set out in Resolutions No. 01/NQ-CP dated January 8, 2025; and No. 27/NQ-CP dated February 7, 2025; Based on Government Resolution No. 46/NQ-CP dated March 8, 2025, the Prime Minister's directives in Decision No. 1508/QĐ-TTg dated December 4, 2024, Telegram No. 02/CĐ-TTg dated January 15, 2025, Telegram No. 16/CĐ-TTg dated February 18, 2025, Directive No. 03/CT-TTg dated February 4, 2025, and other relevant directives from the Government and the Prime Minister, the following key tasks and solutions should be implemented:

1. Central and local ministries and agencies

a) It is crucial to thoroughly understand and clearly define the task of accelerating the disbursement of public investment capital in 2025 as one of the top priority political tasks requiring focused leadership, direction, and implementation by heads of all levels. Central ministries and agencies, and provinces and centrally-administered cities, 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 uphold their responsibilities, closely monitor the situation, identify obstacles and causes of slow disbursement for each specific project, and directly direct the timely resolution of these issues within their authority. If the issue exceeds their authority, they must report to the competent authority.

b) Urgently propose a plan for handling the remaining unallocated central government budget funds for 2025, submit it to the Ministry of Finance, and update it on the national public investment information system in accordance with regulations.

c) Focus on implementing flexible, creative, timely, and effective measures and solutions to decisively accelerate the implementation and disbursement of public investment capital and the three national target programs; speed up the progress of implementing key national projects, highways, inter-regional projects with spillover effects, etc. Accelerating the disbursement of public investment capital must be linked to ensuring the quality of projects, preventing corruption, losses, waste, and vested interests.

d) Focus on accelerating land clearance and construction progress, resolving difficulties and obstacles related to land and resources. Strengthen on-site inspection and supervision, and urge contractors and consultants to speed up progress. Proactively review and reallocate funds within the scope of authority between projects with slow disbursement and projects with better disbursement capacity and those lacking funds as per regulations; exceeding the scope of authority and reporting to the competent authority. Assign specific leaders responsible for monitoring implementation progress; closely follow up and promptly resolve difficulties in a substantive and effective manner within their authority and be accountable for the disbursement results of each project.

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

2. Ministry of Finance

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

b) To closely monitor the disbursement progress of ministries, central agencies, and localities; to coordinate with VTV, VOV, Vietnam News Agency, and the Government's electronic information portal to publicly announce the monthly disbursement results of ministries, central agencies, and localities on the Government's electronic information portal, the Ministry's electronic information portal, and other mass media; to propose to the Government and the Prime Minister to commend and reward ministries, agencies, and localities with good disbursement performance, and to criticize, review, and handle the responsibilities of ministries, agencies, and localities with slow disbursement performance at the monthly regular Government meetings.

c) Review and amend, within their authority, or report and propose to competent authorities to amend and supplement legal regulations related to public investment in order to promote the allocation and disbursement of public investment projects and ensure the efficient use of capital.

3. Ministries and agencies in charge of national target programs shall review the difficulties, obstacles, and recommendations of ministries, sectors, and localities in the process of allocating and disbursing funds for the three national target programs, and coordinate with the Ministry of Finance and relevant agencies to handle them according to regulations; and promptly report to competent authorities any matters beyond their authority.

4. The Prime Minister's Task Forces shall inspect, supervise, and resolve difficulties and obstacles, and accelerate the disbursement of public investment capital at ministries, agencies, and localities. Government member delegations working with localities on production, business, investment, construction, and import-export activities shall continue to strengthen inspection and supervision activities, promptly resolve difficulties and obstacles, and promote the disbursement of public investment.

5. Assign Deputy Prime Minister Ho Duc Phoc to direct and promote public investment; assign the Government Office to monitor and supervise according to its assigned functions, tasks, and authority; and report to the Prime Minister on issues beyond its authority.

PV