Prime Minister Pham Minh Chinh and Deputy Prime Ministers chaired the third national conference to promote public investment in 2025 - Photo: VGP/Nhat Bac
The conference was connected online from the Government headquarters to the provinces and centrally-run cities. Also attending were Deputy Prime Ministers : Ho Duc Phoc, Le Thanh Long, Bui Thanh Son, leaders of ministries, agencies and localities.
Must change old thinking, ways of thinking, ways of doing, not stagnate
In his concluding remarks, Prime Minister Pham Minh Chinh stated that public investment disbursement in 2025 has made much progress, achieving higher results than the same period in 2024, but there are still bottlenecks and bottlenecks, and a gap compared to the requirements.
Prime Minister Pham Minh Chinh pointed out that public investment disbursement in 2025 has made much progress but there are still bottlenecks and bottlenecks, and a gap compared to the requirements - Photo: VGP/Nhat Bac
The Prime Minister highly appreciated the report preparation of the Ministry of Finance and the responsible, profound and realistic speeches of the delegates, which frankly pointed out the shortcomings, limitations, difficulties, and obstacles and proposed tasks and solutions to remove "bottlenecks" to effectively organize the disbursement of public investment capital in the coming time; assigned the Government Office to fully absorb the opinions and complete the Notice of Conclusion of the Government Standing Committee at the Conference.
Emphasizing some more contents, the Prime Minister pointed out that the situation is changing rapidly, along with the increasingly high requirements for rapid and sustainable national development, improving the material and spiritual life of the people; requiring continued efforts, attempts, innovation in thinking, drastic actions, flexible, timely and effective responses, changing tasks and solutions appropriate to the situation, promoting the role of leaders, tightening discipline, order, assessment, rewards, and timely and clear discipline.
In the context of a situation with intertwined difficulties, challenges and opportunities, with more difficulties and challenges, the Prime Minister requested ministries, agencies and localities to continue to thoroughly grasp and firmly pursue the goal of stabilizing the macro-economy, controlling inflation, promoting growth and ensuring major balances of the economy.
In particular, monetary policy and fiscal policy must be coordinated, synchronized, supportive, complementary, and focused on development creation. In fiscal policy, the Prime Minister noted that it is necessary to continue to exempt and reduce taxes, fees, and charges and promote public investment disbursement, striving to achieve a public investment disbursement rate of 100% by 2025.
The Head of the Government emphasized that the requirement is to promote public investment more strongly, more drastically, more effectively, improve the quality of public investment, prevent corruption, negativity, and waste; promote the role of growth engine, public investment capital is the capital to activate, lead, and mobilize all social resources, contributing to promoting growth, creating jobs, livelihoods, and improving people's material and spiritual life; must change old thinking, ways of thinking, and ways of doing, not allowing stagnation; disburse public investment into the general flow and momentum, create new trends and motivations, promote the patriotic emulation movement, build and develop the country, and achieve the goals set for 2025, the entire 2021-2025 term, and the two 100-year strategic goals.
Each relevant entity must review the work of the past 8 months to continue implementing the work in the last months of the year, preparing for the groundbreaking and inauguration ceremonies of major works and projects on December 19, 2025, on the occasion of the end of the 5-year plan and welcoming the 14th National Party Congress. What has been done well must continue to be promoted, what has not been done well must strive to do better, what has been wrong must be dealt with, what is stuck must be resolved, the Prime Minister emphasized.
Disbursement of 409 trillion VND in the first 8 months of the year
Reviewing the situation, the Prime Minister said that since the beginning of the year, the Government and the Prime Minister have led and directed regularly, resolutely and closely the disbursement of public investment capital. The Government Standing Committee has organized 02 online conferences with ministries, central and local agencies to promote the growth momentum of public investment.
The Prime Minister stated that the public investment institution continues to be improved to suit practical requirements - Photo: VGP/Nhat Bac
The Government has issued 08 Resolutions, the Prime Minister has issued 01 Directive, 06 Official Dispatches and many documents directing the acceleration of public investment disbursement. Resolution 01 of the Government every year and Resolutions at regular Government meetings all emphasize related tasks and solutions.
The Prime Minister issued Decision No. 1544/QD-TTg dated July 16, 2025, establishing Working Groups to urge and remove difficulties and obstacles in production and business, import and export, infrastructure construction, promote growth, and accelerate disbursement of public investment capital.
In addition, the Prime Minister and Government leaders regularly work with localities to resolve difficulties and inspect the actual situation, urging the implementation of key and important national projects and works.
The Prime Minister stated that the public investment institution continues to be improved to suit practical requirements.
The Government has submitted to the National Assembly for promulgation Law No. 90/2025/QH15 dated June 25, 2025 amending and supplementing a number of articles of the Law on Bidding, the Law on Investment under the Public-Private Partnership model, the Customs Law, the Law on Value Added Tax, the Law on Export Tax and Import Tax, the Investment Law, the Law on Public Investment, and the Law on Management and Use of Public Assets, in which decentralization is further promoted, creating conditions for ministries, agencies, and localities to be proactive in managing public investment plans.
When implementing the arrangement of administrative units and the organization of two-level local governments, the Government has resolutely directed and promptly issued 30 Decrees on decentralization, delegation of power, and division of authority when implementing the two-level local government model, including many contents related to the disbursement of public investment capital, serving as a basis for ministries, central agencies, and localities to organize and implement.
On the occasion of the 80th anniversary of the successful August Revolution and National Day September 2, on August 19, 2025, the inauguration and groundbreaking ceremonies of 250 projects and works were held nationwide, of which 89 projects and works were inaugurated and 161 projects and works were started, creating motivation and inspiration to promote investment in general and public investment in particular nationwide.
The disbursement of public investment capital was higher than the same period in both relative (ratio) and absolute terms. In the first 8 months of the year, the country disbursed public investment capital at VND 409 trillion, reaching 46.3% of the plan assigned by the Prime Minister, up 5.9% in ratio and up nearly VND 135.3 trillion in absolute terms compared to the same period in 2024.
There are 09 ministries, central agencies and 22 localities with estimated disbursement rates above the national average. Of which, some ministries, agencies and localities are assigned large plans and have high disbursement rates: Ministry of National Defense (disbursement reached 54.5%), Ministry of Public Security (disbursement reached 64.8%), Thanh Hoa (disbursement reached 90.6%), Ninh Binh (disbursement reached 90.1%), Phu Tho (disbursement reached 74.08%), Bac Ninh (disbursement reached 64.6%), Gia Lai (disbursement reached 62.8%). Disbursement of national target programs reached 52.4% of the plan.
The Prime Minister mentioned the example of the new Phong Chau bridge, which was assigned to a military unit to build on a larger scale, saving time and costs and is about to be inaugurated.
The Prime Minister acknowledged, commended and highly appreciated the results that ministries, branches and localities have strived to achieve - Photo: VGP/Nhat Bac
On behalf of the Government, the Prime Minister acknowledged, commended and highly appreciated the results that ministries, branches and localities have strived to achieve, especially 09 ministries, central agencies and 22 localities with disbursement rates reaching the national average or higher, making important contributions to the socio-economic development results in recent times.
In addition, public investment disbursement still has shortcomings, limitations, difficulties and problems; there are still delays in compensation, site clearance and resettlement; the supply of raw materials has not been well resolved, and the price of raw materials has increased compared to the time of bidding, increasing costs.
Bidding, inspection and examination work still has many limitations; handling violations and delays in management and use of public investment capital is not timely and strict. Some localities are still not proactive, not resolute, still confused in direction and management, the sense of responsibility is not high, there is even a mentality of avoidance, shirking responsibility, waiting in the process of arranging and organizing the apparatus...
The implementation of the conclusions and directions of the Government and the Prime Minister is sometimes slow in some places; information and communication work in some places is not proactive, providing sufficient information for people to agree and support...
There are 18 ministries, central agencies and 30 localities that have not yet allocated all the capital plans assigned by the Prime Minister with a total capital of nearly 38.4 trillion VND. By the end of August 2025, there were 29 ministries, agencies and 12 localities with disbursement rates below the national average.
The Prime Minister criticized and requested these ministries, central and local agencies to review and learn from experience, clarify the collective and individual responsibilities involved, and on that basis propose appropriate solutions to promote disbursement in the coming time, in which the results of public investment disbursement are determined as a criterion for evaluating officials and work results.
Analyzing the causes of existence and limitations, the Prime Minister said that the process of implementing the 2-level local government model still encountered some difficulties and problems; project preparation work was still sketchy, investment policy approval and investment decisions were not appropriate, capital planning was not close to reality, leading to the need to propose many adjustments; there was a state of avoidance, fear of mistakes, and fear of responsibility in performing assigned tasks; coordination between agencies was still lacking.
Review and promptly handle weak, negative, and unfulfilled cadres.
The Prime Minister requested to continue promoting the role of the 08 Prime Minister's Working Groups in urging and removing difficulties and obstacles in production and business, import and export, infrastructure construction, promoting growth, and accelerating disbursement of public investment capital - Photo: VGP/Nhat Bac
The Prime Minister emphasized a number of lessons learned from recent practices.
Firstly, seriously grasp, resolutely and effectively implement the directions of the Party, State, National Assembly, Resolutions and Conclusions of the Government, and directions of the Prime Minister on disbursement of public investment capital.
Second , strengthen leadership, direction, decentralization, delegation of authority, and individualization of responsibility. Enhance flexibility and initiative in implementation combined with strengthening inspection, supervision, urging, and promptly resolving difficulties, obstacles, and bottlenecks in the spirit of "6 clear: clear people, clear work, clear responsibility, clear authority, clear time, and clear products".
Third, there must be high determination, great effort, drastic action, dynamism, creativity, and positivity. Strengthen coordination between ministries, central and local agencies, ensuring effectiveness and substance in handling work.
Delegates attending the meeting - Photo: VGP/Nhat Bac
Regarding tasks and solutions for the coming time, to ensure 100% disbursement of public investment capital in 2025, the Prime Minister requested ministries, central and local agencies to seriously implement Government Resolutions, Directives, Official Dispatches of the Prime Minister and directives of Government leaders on urging the allocation and disbursement of public investment capital in 2025.
Urgently review and evaluate the disbursement status of each project; classify projects according to the disbursement level (good, slow, unable to disburse, etc.); from there, build a specific disbursement schedule for each month and quarter and have specific and appropriate solutions to promote disbursement to achieve the set target. Assign specific leaders of the Ministry, agencies, and localities to be in charge of and monitor the disbursement of each project and project group in conjunction with evaluating work results.
Urgently allocate 38.4 trillion VND of the capital plan assigned by the Prime Minister. Regularly review and promptly adjust capital from projects with slow disbursement or no disbursement capacity to projects with good disbursement capacity and in need of additional capital. Propose adjustments to the 2025 public investment capital plan of ministries, central agencies and localities (if any), send to the Ministry of Finance before September 20, 2025.
Continue to mobilize the entire political system to resolutely carry out site clearance work; at the same time, strengthen communication and information, create social consensus and support from the people.
Strictly handle investors, project management boards, and contractors who intentionally cause difficulties and delay the progress of capital allocation and disbursement; review and promptly handle weak and negative officials who do not complete assigned tasks.
Focus on developing, promulgating or submitting to competent authorities for promulgation legal documents and guidelines related to public investment disbursement, especially with newly passed Laws. Timely report, propose and recommend handling of difficulties and problems beyond authority.
The Ministry of Construction, the Ministry of Agriculture and Environment and the People's Committees of provinces and cities focus on removing difficulties and obstacles in exploiting minerals as common construction materials to ensure supply for projects, especially key transport infrastructure projects and important national projects.
The Ministry of Finance shall preside over and coordinate with relevant ministries, agencies and localities to urgently review, synthesize and propose to competent authorities the transfer of capital from ministries, agencies and localities that do not need to use it to ministries, agencies and localities that need additional capital to accelerate project progress, ensuring the disbursement of all additional capital in 2025 in accordance with legal regulations; at the same time, request ministries, agencies and localities that return capital to review and clarify responsibilities for not disbursing all assigned capital.
The Prime Minister requested to continue promoting the role of the 08 Working Groups of the Prime Minister on urging and removing difficulties and obstacles in production and business, import and export, infrastructure construction, promoting growth, accelerating disbursement of public investment capital; and Working Groups on urging disbursement of public investment capital in ministries, branches and localities.
The Prime Minister requested ministries and agencies, according to their assigned functions and tasks, to study and promptly handle the recommendations of the delegates attending the Conference according to their authority and regulations; and propose reports to the Prime Minister on matters beyond their authority.
The Prime Minister requested and called on ministries, local agencies, relevant entities, especially leaders, to promote the highest sense of responsibility in public investment disbursement, join hands and unite to overcome difficulties and challenges, avoid stagnation, "do not let money not be spent"; choose the right contractor with the requirement to fulfill commitments, build a critical path and monitor weekly, promptly replace substandard contractors. Investors, project management boards, and contractors continue to promote the spirit of "overcoming the sun, overcoming the rain", "eating quickly, sleeping urgently", "working in 3 shifts, 4 shifts", "working through holidays, Tet holidays", "only discussing work, not discussing back"... Thereby, promoting public investment disbursement, ensuring progress, efficiency, improving the quality of works, in accordance with regulations, processes, procedures, not allowing negativity, corruption, and waste to occur.
Ha Van
Source: https://baochinhphu.vn/thu-tuong-bao-dam-giai-ngan-100-von-dau-tu-cong-nang-cao-chat-luong-va-phat-huy-vai-tro-dong-luc-tang-truong-10225091712284937.htm
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