Treasury urges to 'spend' 1 million billion VND on public investment this year

The State Treasury ( Ministry of Finance ) has just issued a dispatch directing the entire system to focus on implementing a number of key solutions to speed up the disbursement of public investment capital.

In particular, the State Treasury of the regions must urgently review, synthesize and report to the Provincial People's Committee to direct relevant units to thoroughly handle projects that do not have a plan for handover and acceptance or have not yet organized the handover and acceptance, directly affecting the disbursement progress.

Vốn-đầu-tư-công.png — Resolutely promote disbursement of public investment capital in the last months of the year.

In addition, the State Treasury continues to closely coordinate with investors and project management boards in completing documents and procedures for payment and disbursement of state budget capital. In particular, it is necessary to focus on opening accounts at the commune level to make payments and disburse public investment capital in accordance with regulations.

The State Treasury also requested to promote the application of online public services, continue to guide investors to use online public services in the process of submitting documents for public investment disbursement, in order to shorten processing time and minimize administrative procedures.

In addition, the reporting of disbursement status must be done in a timely and accurate manner, both periodically and suddenly, to meet the direction and management requirements of the Government, the Prime Minister and the Ministry of Finance. The Director of the Regional State Treasury is directly responsible to the Director of the State Treasury for the accuracy of the reported data.

The State Treasury emphasizes the need to promptly grasp difficulties and problems arising in the process of payment and disbursement of public investment capital. Units need to proactively propose solutions within their authority or report to superiors for appropriate solutions, contributing to promoting the progress of public investment capital disbursement in the last months of the year, ensuring the completion of the set goals.

This year, the total public investment capital is about 1 quadrillion VND (including additional sources). The Prime Minister requested ministries, branches and localities to propose drastic, breakthrough and effective solutions to ensure 100% disbursement of this year's public investment capital plan.

According to data from the Ministry of Finance, in the first 8 months of this year, the disbursement of public investment capital reached 46.3% of the plan assigned by the Prime Minister, higher than the same period in 2024 (40.4%). Of which, 9 ministries, central agencies and 22 localities had disbursement rates above the national average. However, there are still 29 ministries, central agencies and 12 localities with disbursement rates below the national average.

With more than VND38,398 billion of central budget capital yet to be allocated in detail, the Government requires ministries, branches and localities to urgently complete the allocation before September 30.