Capital transfer to accelerate disbursement of public investment capital

baoe deer — Bao Loc - Lien Khuong Expressway will connect to Lien Khuong - Prenn Expressway

Many investors propose to transfer capital

In 2025, the Project Management Board (PMU) for Construction Investment No. 3 was assigned nearly VND 2,000 billion. By the end of September 2025, the Board had disbursed 29%. The reason for low disbursement is still due to site clearance. Many projects are unable to disburse all of the allocated capital in 2025, forcing the unit to request a capital transfer.

According to the Director of the Construction Investment Project Management Board No. 3 - Ha Sy Son, through calculations, the capital source in 2025 the unit must transfer more than 170 billion VND. Of which, 70 billion VND is the central capital returned from the Dao Nghia - Quang Khe road project (phase 2).

Of the total transferred capital, about 100 billion VND will be transferred to projects in regional boards, the remaining 70 billion VND is very difficult to transfer. “We propose to adjust the implementation time of the Dao Nghia - Quang Khe Road project to 2026, because, requesting an extension of the project progress without increasing the total investment will be under the authority of the Provincial People's Committee for approval. If so, 70 billion VND will be transferred to 2026 for disbursement. In case of no extension, this capital source must be transferred back to the Central Government,” Mr. Son proposed.

Many projects are behind schedule compared to the 2025 capital allocation plan.

Similarly, in 2025, the Construction Investment Project Management Board No. 1 requested to transfer about 350 billion VND in capital. The unit has worked with regional boards and found a place to disburse 200 billion VND. The remaining capital of 150 billion VND, the board is working with the Department of Finance to reach an agreement before September 30, 2025.

According to Mr. Nguyen Thanh Chuong - Director of Construction Investment Project Management Board No. 1, in 2025, the unit was assigned 8,047 billion VND. By the end of September 2025, the unit had only disbursed 1,162 billion VND, reaching 14% of the plan. Of this amount, 2,855 billion VND belonged to the Bao Loc - Lien Khuong Expressway project and 633 billion VND of the Tan Phu - Bao Loc Expressway project have not been disbursed.

Flexible deployment

According to Director of the Department of Finance Phan Thế Hanh, the unit has worked with 5 project management boards in the area. Currently, the local capital proposed by the boards to be returned is more than 400 billion VND. In contrast, the demand from projects in need of capital is only about 180 billion VND. Therefore, the remaining capital is very large. "We request the project management boards to direct the regional boards to review the projects and works that are still in debt.

In particular, the units focus on reviewing projects that have been prolonged or have not been allocated capital in the period 2021 - 2025. On this basis, the committees will synthesize and send it to the Department of Finance in September 2025 to carry out transfer procedures, in order to increase disbursement," Mr. Hanh proposed.

Mr. Hanh said that the central capital source alone has almost no ability to absorb capital anymore. Because currently, most of the central capital in the area is for large projects, which are under regional capital. If we want to transfer it, we can only flexibly apply it to projects under regional capital, but not to other projects.

In fact, projects invested by central government funds currently do not need additional capital. For example, the Bao Loc - Lien Khuong Expressway project has 891 billion VND of central government funds, of which 633 billion VND was transferred once in 2024. Therefore, if the project requests to transfer more funds, it will definitely not be allowed and must be returned to the central government.

Deputy Secretary of the Provincial Party Committee, Chairman of the Provincial People's Committee Ho Van Muoi inspected the field and criticized the contractor of the project to upgrade DT721 road for slow progress.

“The Department of Finance is proactively looking for ways to advise on early and appropriate transfers for works and projects to speed up progress. Our view is that investors are flexible and can transfer each item of work and project. This item is difficult, prioritize items that are easier to absorb capital. Avoid the situation of returning capital to the Central and local levels as much as possible,” Mr. Hanh emphasized.

Regarding solutions to promote public investment, Vice Chairman of the Provincial People's Committee Vo Ngoc Hiep said that up to this point, difficulties in documents, procedures, and human resources have been basically resolved. The remaining problem is that the Department of Finance promptly advises the Provincial People's Committee on the issue of receiving and allocating capital sources. "The Department of Finance flexibly transfers capital in batches. For any project or work approved, the province will approve that project or work. We do not wait for all approvals at the same time, which will delay the time. During the implementation process, wherever there are difficulties, we will resolve them. On the side of the Project Management Board, the units are proactive and flexible in the implementation process," emphasized Mr. Vo Ngoc Hiep.

By the end of September 2025, Lam Dong province had disbursed nearly 30% of the total capital plan of 18,900 billion VND. With this result, Lam Dong province had a disbursement rate much lower than the national average (45%) and ranked 30/34 provinces and cities.

Source: https://baolamdong.vn/dieu-chuyen-von-de-tang-toc-giai-ngan-von-dau-tu-cong-392986.html