At the conference, representatives of leaders of ministries, branches, and localities focused on comprehensively assessing the implementation of the public investment plan in the past. The discussion contents zeroed in on clarifying the achieved results, shortcomings, limitations, and subjective and objective causes concurrently, sharing lessons, and proposing key solutions to accelerate the disbursement of public investment capital in 2025.

According to the report of Son La province, as of April 30, 2025, the total disbursed value of public investment capital reached 719,916 billion VND, equal to 11.46% of the capital plan assigned by the Prime Minister, of which the central budget capital reached 440,699 billion VND (all domestic capital). The local budget capital reached 279,217 billion VND.

Delegates attending at the Son La province bridge.

As expected, by January 31, 2026, the province will disburse VND 6,248,574 billion, equivalent to 99.46% of the capital plan assigned by the Prime Minister and 99.14% of the local implementation plan. However, about VND 54 billion cannot be disbursed in 2025, mainly ODA capital for projects expected to start construction that have not yet completed the procedures for signing foreign loan agreements.

At the conference, Prime Minister Pham Minh Chinh emphasized that 2025 is a pivotal time of special importance in completing the socio-economic development goals for the 2021-2025 period and preparing for the long-term development strategy. The Government aims for GDP growth of 8% or more, in which public investment plays a key role, being the lever to lead and activate resources throughout society.

However, the Prime Minister also frankly pointed out that in the first 04 months of 2025, the disbursement rate of public investment capital only reached 15.56%, lower than the same period in 2024. Notably, up to 37/47 ministries, central agencies, and 27/63 localities disbursed rates below average. The Prime Minister requested the Ministry of Finance to publicize the list of units with slow disbursement to review responsibilities and commend units with good disbursement results. Ministries, branches, and localities need to urgently identify the causes, focusing on removing obstacles in institutions and public investment procedures, and thoroughly grasp the spirit of "clear people, clear work, clear responsibilities." not allowing the situation of "having money but not being able to spend it.".

In addition, the Prime Minister emphasized the need to promote decentralization and delegation of authority along with resource allocation, improving the capacity of implementation and supervision at the local level. State-owned corporations and groups must take the initiative to promote the implementation of large investment projects. The Government continues to promote the role of special working groups, inspect and urge disbursement work determined to finish the goals set in 2025.

Tuan Quoc

Translated by Tuan Minh Dang