The Prime Minister demands thorough implementation of the '6 clear principles' in public investment.

On the morning of May 20th, the Government held a nationwide online conference on promoting the growth of public investment in 2025. At the central headquarters, the conference was chaired by Comrade Pham Minh Chinh, Member of the Political Bureau and Prime Minister. Co-chairing the conference were the Deputy Prime Ministers. Attendees included members of the Political Bureau, members of the Central Committee of the Party, Deputy Prime Ministers, leaders of ministries, central agencies, provinces, cities, and state-owned economic groups and corporations.

Comrade Bui Thanh An - Member of the Standing Committee of the Provincial Party Committee, Permanent Vice Chairman of the Provincial People's Committee - presided over the meeting at the Nghe An location.

Clearly defined authority and responsibility facilitate inspection and management.

In his opening remarks at the conference, Prime Minister Pham Minh Chinh emphasized that the conference needed to analyze the drivers for promoting public investment, such as traditional drivers, new drivers impacting the economy, and the progress of public investment disbursement, etc.

Prime Minister Pham Minh Chinh requested the conference to analyze the causes and draw lessons in leadership and guidance, especially emphasizing that leaders must demonstrate high determination and great effort, change their mindset, decentralize power, clearly assign tasks, authority, and responsibility for easier inspection and management. He stressed the importance of thoroughly implementing the "six clear points": clear person, clear task, clear time, clear product, clear responsibility, and clear authority, in order to achieve a 100% disbursement rate.

At the conference, the Deputy Minister of Finance reported on the disbursement of public investment capital in the first four months of the year and the tasks and solutions to promote the disbursement of public investment capital in 2025.

Accordingly, by April 30, 2025, ministries, central and local agencies had allocated and assigned detailed investment capital plans for 2025 to the list of tasks and projects, reaching 99% of the plan. Disbursement of state budget investment capital for 2025, estimated from the beginning of the year to April 30, 2025, was VND 128.5 trillion, reaching 15.56% of the plan, lower than the same period in 2024 (16.64%).

Thus, in absolute terms, disbursements in 2025 are approximately 18 trillion VND higher than the same period in 2024, but the disbursement rate compared to the capital allocated by the Prime Minister is lower. Disbursement of central government budget capital reached 13.33% of the plan, lower than the same period in 2024 (16.79%); disbursement of local government budget capital reached 17.20% of the plan, higher than the same period in 2024 (16.56%).

Disbursement of funds for the three national target programs (NTPs) reached 21.43%.

In the first four months of 2025, 10 central ministries and agencies and 35 localities had estimated disbursement rates exceeding the national average, including the Ministry of National Defence, the Ministry of Public Security, the Vietnam Women's Union, and the provinces of Nghe An, Ha Giang, Tuyen Quang, Lang Son, Nam Dinh, and Thai Binh... However, some central ministries and agencies and localities still have not disbursed funds or have disbursed very low amounts.

Propose solutions to achieve the 100% disbursement target.

Speaking at the conference, Comrade Bui Thanh An - Member of the Standing Committee of the Provincial Party Committee, Permanent Vice Chairman of the Provincial People's Committee - reported on the progress of public investment disbursement in Nghe An.

As of May 10th, Nghe An's disbursement progress reached 25.49% of the total plan and 28.12% of the assigned plan (higher than the same period last year's 26.36%). Some sources showed particularly good disbursement rates, such as the National Target Program for New Rural Development (59.65%), and local budgets (27.08%).

Upon review, Nghe An province still faces some difficulties and obstacles affecting the progress of projects. The province is determined to strive to complete 100% of the plan as directed by the Prime Minister, contributing to achieving the province's growth target of 10.5% in 2025.

The Deputy Prime Ministers and representatives of state-owned enterprises also offered many suggestions and recommendations to expedite the disbursement of public investment funds.

At the conference, in addition to reporting on the progress of capital disbursement, ministries, sectors, and localities focused on identifying the causes and making recommendations to boost the growth of public investment disbursement. These included numerous obstacles related to land clearance, shortages of raw materials, unit prices, and norms; planning; and issues arising from the merger of administrative boundaries and organizational structures…

Concluding the conference, Prime Minister Pham Minh Chinh acknowledged, commended, and highly appreciated the bright spots in public investment, noting the decisive leadership, direction, and management, as well as the high disbursement results of 10 ministries and agencies and 38 localities. Since the beginning of the year, the Prime Minister has issued one Directive and three Telegrams urging the disbursement of public investment; and held four meetings of the National Steering Committee on Key Projects. Public investment issues have been included in the work programs and meetings of the Government, ministries, and agencies.

In 2025, there will be approximately 830 trillion VND available for investment, not including increased revenue and savings in expenditure. In the coming period, the Central Government will continue to focus on perfecting the public investment institutional framework, amending and supplementing laws; promoting the role of working groups, and regularly inspecting and supervising with the spirit of "6 clear principles".

Prime Minister Pham Minh Chinh also expressed gratitude to the people for giving up their land, homes, places of worship, fields, and gardens for national projects, contributing to the construction of local infrastructure and the disbursement of public investment capital.

To date, 21 localities have not yet fully allocated their allocated funds, and the Prime Minister has requested that all funds be allocated by May 2025. 37 agencies and 27 localities with disbursement rates below the national average also need to make efforts to resolve obstacles in order to achieve the 100% disbursement target for 2025.