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Prime Minister Le Minh Hung on April 24 called for stronger action against fragmented public investment, while stressing greater accountability among leaders to ensure 100% disbursement of public investment capital as planned, helping support the Government’s double-digit growth target.
Thanks to the flexibility in allocating capital for public investment projects, Ninh Binh province has risen to the top of the country in terms of capital disbursement rate.
Viet Nam disbursed 553.25 trillion VND (20.98 billion USD) in public investment over the past 11 months, equivalent to 60.6% of the plan set by the Prime Minister and up 2.4% year-on-year, the Ministry of Finance reported.
Ninh Binh province is one of the localities with the highest rate of public investment disbursement in 2025 in the country, reaching nearly 94% of the assigned plan.
Public investment should serve as a key driver of growth, acting as seed capital to catalyse and mobilise all social resources, thereby fostering economic expansion, creating jobs and livelihoods, and improving the material and spiritual well-being of the people, PM Pham Minh Chinh stated.
The Ministry of Finance aims to reach a public investment disbursement rate of 60% by the end of the third quarter and 100% by the year's end.
National Assembly Chairman Tran Thanh Man has urged accelerating public investment disbursement, simplifying administrative procedures to boost production and trade, and stepping up the decentralisation and delegation of authority for better efficiency.NA Chairman Tran Thanh Man speaks at the session. (Photo: VNA)
Prime Minister Pham Minh Chinh has asked ministers, heads of ministerial-level agences and leaders of localities to ensure that public investment capital is fully disbursed as planned, calling for a comprehensive database to track progress and enhance accountability.PM Pham Minh Chinh speaks at the conference. (Photo: VNA)
The government has requested ministries, sectors, and localities to strive for a public investment disbursement rate of at least 95% of the plan assigned by the prime minister in 2025, under the spirit that public investment will lead, activate, and attract all social resources. The bridge crossing over Thuan An Estuary, part of the coastal road project passing through Hue City, is expected to be completed by April 30, 2025. (Photo: Dinh Hoang)
In the public investment plan for 2025, the Prime Minis allocates over 9.75 trillion VND (407 million USD) to Ninh Binh province. To date, the provincial People’s Council has completed the allocation of the assigned capital plan. Of which 3.55 trillion VND comes from the central budget and over 6.2 trillion VND from the province’s budget.
The Ministry of Planning and Investment has proposed that the government consider launching a 120-day-and-night campaign to disburse public investment capital for 2024. Construction of the North-South Expressway project, Van Phong-Nha Trang section. (Photo: TUAN KHAI)
