The Ministry of Finance proposed a series of solutions to promote ODA disbursement and public investment.

Shorten application processing time

Faced with the slow disbursement of public investment capital, especially ODA capital and foreign preferential loans, the Ministry of Finance has proposed many groups of specific solutions and recommendations to achieve the target of disbursing 100% of the capital plan in 2025, while preparing for the new medium-term period of 2026-2030.

Source: Ministry of Finance.

Firstly, it is recommended that the Government and the Prime Minister direct ministries, branches and localities to urgently and synchronously implement measures within their management scope; strengthen coordination, remove obstacles, and ensure disbursement progress in accordance with the spirit of Resolution No. 273/NQ-CP and the Prime Minister's instructions.

Second, for project management agencies, the Ministry of Finance recommends reviewing and allocating detailed budget estimates to each project, focusing capital on projects with good progress, nearing completion or needing to complete disbursement according to loan agreements; at the same time canceling or transferring capital from slow projects that do not meet the conditions for implementation. Agencies need to strengthen inspection and monitoring of progress, promptly remove difficulties, and speed up projects that have completed investment procedures, bidding, and contract approval.

At the same time, it is necessary to closely coordinate with the Ministry of Finance and donors to handle difficulties, especially in adjusting investment policies and loan agreements; and implement a periodic reporting regime on disbursement progress. In addition, units need to promptly complete legal procedures after the merger, respond to Official Dispatch No. 12873/BTC-QLN dated August 21, 2025 so that the Ministry of Finance and donors can complete the adjustment of loan agreements to serve capital withdrawal procedures.

Third, for project owners, it is necessary to focus on implementation, ensure actual volume for disbursement; proactively coordinate with consultants, contractors, and management agencies to promptly handle problems; promptly report to the competent authority, avoid stagnation due to waiting for opinions.

Fourth, for localities with ODA projects, the Ministry of Finance requires urgent handling of compensation, site clearance, resettlement, and handover of clean sites on schedule to project owners.

Will review and handle projects that are behind schedule and cannot overcome obstacles. Illustrative photo.

Fifth, as a synthesizing agency, the Ministry of Finance will continue to monitor and report to the National Steering Committee on ODA and preferential loans, and at the same time recommend flexible management solutions to the Prime Minister; review and handle projects that are behind schedule and have not overcome difficulties; consider cutting or not assigning the capital plan for next year if there is no improvement.

At the same time, the Ministry will strengthen work with donors to resolve existing problems, speed up negotiations, signing and taking effect of loan agreements; and deploy an electronic capital withdrawal system to shorten the time for processing documents.

Launching a new medium-term public investment phase

2026 is the first year of the medium-term public investment plan for the 2026-2030 period, which is considered a key starting step for the next development phase. The Ministry of Finance recommends that competent authorities and project owners, when developing the 2026 capital plan, should closely base on implementation capacity, prioritize capital allocation for projects completed in the year, transitional projects, urgent projects, effective projects with fast disbursement capacity, and avoid cancellation or transfer of capital sources.

For foreign capital, planning needs to closely follow the content of the loan agreement, commitments with the sponsor, ensuring sufficient capital for projects that end the agreement in 2026 and are not likely to be extended.

On the Ministry of Finance's side, specialized units will continue to research and perfect mechanisms and policies on the management and use of ODA capital and preferential loans, including amending the Law on Public Debt Management and guiding decrees, to shorten procedures, strengthen decentralization, delegation of power and simplify administration.

The Ministry of Finance emphasized that in order to complete the disbursement task in 2025 and create a foundation for 2026, it is necessary to have the synchronous and drastic participation of the entire political system, from the central to local levels. The Ministry of Finance hopes that ministries, branches and localities, as the governing bodies, need to closely monitor and promptly direct project owners to resolve difficulties in order to complete the disbursement target in 2025, as a premise for implementing the disbursement of public investment capital in 2026, the pivotal year of the new medium-term period 2026-2030.

The initiative of ministries, branches and localities will be the decisive factor to ensure progress and efficiency in using public investment capital, contributing to promoting sustainable economic growth in the new period.

Source: https://baodautu.vn/bo-tai-chinh-de-xuat-loat-giai-phap-thuc-day-giai-ngan-von-oda-va-dau-tu-cong-d413688.html