Do not let procedural congestion hinder the progress of foreign investment disbursement.

Tried but still stuck

At the conference organized by the Ministry of Finance with ministries, branches and localities on the disbursement of foreign capital public investment capital in 2025, which took place on the afternoon of October 15, representatives of localities reported specifically on the implementation progress, and at the same time pointed out the difficulties and problems that need to be resolved in the coming time.

In the process of implementing the 2025 disbursement plan, most localities have shown great efforts to ensure progress. However, problems related to legal procedures, loan agreements, working processes with international donors and site clearance are still major bottlenecks that need to be resolved soon.

Overview of the conference. Photo: Thanh Tam.

In Dong Nai , the progress of disbursement of domestic capital is basically guaranteed according to plan. However, for ODA capital, progress is still slow because loan agreement procedures with foreign partners have not been completed.

A representative of the Dong Nai Department of Finance said that all documents and implementation plans have been fully prepared and are ready to be deployed immediately after completing legal procedures. The province is committed to completing the entire disbursement plan before the year-end summary, and at the same time, it is recommended that the Government and central agencies support in removing obstacles in the process of approving international loan agreements.

In Hung Yen, the main difficulties stem from the appraisal and selection of international consultants for a number of ODA projects on ecological infrastructure development and environmental resource conservation. Due to high technical requirements, the process of reviewing and approving documents must be carried out carefully, leading to progress being behind schedule. The Provincial Project Management Board is urgently completing the remaining procedures.

Hung Yen proposed that the Ministry of Finance and relevant agencies consider adjusting the capital structure to match the actual progress, in order to facilitate the disbursement process in the last months of the year.

Although Tay Ninh has achieved positive results in disbursing public investment capital, it still faces obstacles due to slow site clearance. Some areas have not yet completed site handover, affecting the construction progress of key projects.

The urban wastewater collection and treatment project is in the final stages and must be completed earlier than originally planned. To ensure the actual progress, the province proposed adjusting the ODA capital plan between years, reducing the capital allocated in 2025 and transferring it to 2026, thereby making the implementation, payment and disbursement more convenient and effective.

Many other localities such as Lai Chau and Ha Tinh also reported similar situations when facing difficulties in adjusting loan agreements, appraising bidding plans and approving investment documents.

Localities have shown a proactive and positive spirit in management, but at the same time recommended that the Government, the Ministry of Finance and relevant ministries and branches continue to accompany, support and remove obstacles to ensure progress and efficiency in the use of public investment capital in 2025.

Research new mechanisms to further streamline procedures

Concluding the conference, Deputy Minister of Finance Tran Quoc Phuong emphasized that from now until the end of 2025, the most important and urgent task is to focus on urging and promoting the disbursement of public investment capital, especially ODA capital.

According to the Deputy Minister, in the current context, this is the most feasible and effective solution to promote growth and create momentum for the economy.

Deputy Minister Tran Quoc Phuong concluded the conference. Photo: Duc Minh.

Regarding the 2026 capital plan, the Ministry of Finance requested ministries, branches and localities to carefully review the ability to complete procedures of each project, especially ODA projects, to determine the appropriate capital allocation figure. If the project is found to be unfeasible, it is necessary to notify early for adjustment at the beginning of the year, to avoid the situation of requesting to reduce the plan by mid-year, affecting the overall balance of national capital.

Deputy Minister Tran Quoc Phuong emphasized: “Public investment planning must be accurate, realistic and consistent with the implementation capacity of each locality. Coordination between management agencies and the Ministry of Finance must be carried out regularly and promptly to synthesize and report to the Government and the National Assembly on schedule.”

In addition, 2026 will be the year when the two-level local government system will be put into stable operation, with technical infrastructure, human resources and project management boards fully consolidated. Domestic procedures have been simplified to the maximum, and the disbursement process at the Ministry of Finance has been significantly shortened. “Therefore, there is no longer a reason for delay in the implementation and disbursement of public investment capital,” the Deputy Minister emphasized.

In the long term, the Ministry of Finance is researching the construction of a separate fund model to receive and disburse ODA loans, in order to ensure disbursement progress while maintaining transparency and visibility to international donors.

This mechanism is expected to help shorten procedural time and improve the efficiency of public investment capital use, especially in the fields of infrastructure, energy and sustainable development.

In that spirit, in the coming time, the Ministry of Finance will continue to organize conferences, seminars and training courses to disseminate and thoroughly understand new regulations, and support ministries, branches and localities to effectively implement the management, use and disbursement of ODA capital.

The Ministry will also strengthen inspection and monitoring of progress, promptly remove difficulties and obstacles, ensure that public investment capital is disbursed quickly and on target, contributing to promoting socio-economic development in 2025 and the following years.

Source: https://baodautu.vn/khong-de-ach-tac-thu-tuc-can-tro-tien-do-giai-ngan-von-dau-tu-nuoc-ngoai-d413939.html