Prime Minister Pham Minh Chinh: Change the leader if public investment disbursement is slow

On the morning of September 17, in Hanoi, Prime Minister Pham Minh Chinh chaired and delivered a speech at the third national online conference to promote public investment in 2025.

Prime Minister Pham Minh Chinh chaired and delivered a speech at the Conference. Photo: Nhat Bac

Do not let stagnation in public investment disbursement occur

Speaking at the conference, Prime Minister Pham Minh Chinh welcomed the Ministry of Finance for its full and comprehensive report on public investment disbursement in the past 8 months and tasks and solutions to promote public investment disbursement in 2025.

The Prime Minister highly appreciated the responsible, profound and practical speeches of the delegates, which frankly pointed out the shortcomings, limitations, difficulties and obstacles and proposed tasks and solutions to remove "bottlenecks" for effective implementation; assigned the Government Office to fully absorb the opinions and complete the Notice of Conclusion of the Government Standing Committee at the Conference.

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“With such a legal basis, the paradox is that places that are assigned a lot of public investment capital complete projects quickly, while places that are assigned less capital complete projects slowly. This proves that people and implementation organizations are important factors in disbursing public investment capital,” the Prime Minister emphasized.

In that spirit, the Prime Minister requested that localities and units must immediately rectify the stagnation in disbursement of public investment capital, especially the role of the head. The Prime Minister also emphasized the need to replace the head if the unit or locality continues to have delays in disbursement of public investment capital.

Emphasizing some more contents, the Prime Minister pointed out that the situation is changing rapidly, along with the increasing demands 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.

Prime Minister Pham Minh Chinh chaired and delivered a speech at the Conference. Photo: Nhat Bac

The Prime Minister requested ministries, branches, agencies and localities to continue to thoroughly grasp and firmly implement the goals 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 synchronously, rhythmically, support and complement each other and focus on development creation; must 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 Government emphasized the need to promote public investment more strongly, improve the quality of public investment, prevent and combat 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, improving the material and spiritual life of the people.

“We must change old thinking, ways of thinking, and ways of doing things, not let them stagnate; 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,” the Prime Minister emphasized.

The Prime Minister also noted that each relevant entity must review the work of the past 8 months to continue implementing work in the last months of the year, preparing for the groundbreaking and inauguration ceremonies of major works and projects on December 19, the occasion of the end of the 5-year plan and welcoming the 14th National Party Congress.

In the context of favorable opportunities being less than difficulties and challenges, the Prime Minister requested units and localities to choose and prioritize macroeconomic stability, inflation control and growth promotion. These contents were directed by the Prime Minister in Official Dispatch No. 165/CD-TTg dated September 16, 2025 on continuing to maintain macroeconomic stability, control inflation, promote growth, ensure major balances, and improve people's lives.

At the conference, the Prime Minister also acknowledged, commended and highly appreciated the results that ministries, branches and localities have strived to achieve, especially 9 ministries, central agencies and 22 localities with estimated disbursement rates reaching the national average, making important contributions to socio-economic development in recent times.

The Prime Minister criticized and requested ministries, central and local agencies with slow disbursement rates to review and learn from experience, clarify the responsibilities of relevant collectives and individuals, and on that basis propose appropriate solutions to promote disbursement in the coming time. In particular, determining the results of public investment disbursement is a criterion for evaluating officials and evaluating 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. In particular, the project preparation work was still sketchy, the approval of investment policies and investment decisions were not appropriate, the capital plan was not close to reality, leading to the need to propose many adjustments. In particular, there was a state of avoidance, fear of mistakes, fear of responsibility in performing assigned tasks; coordination between agencies was still lacking.

Review and promptly handle weak and negative cadres

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.

Prime Minister Pham Minh Chinh chaired and delivered a speech at the Conference. Photo: Duong Giang

In particular, urgently review and evaluate the disbursement implementation status for each project; classify projects according to the disbursement level (good, slow, unable to disburse…). From there, build a specific disbursement schedule for each month and quarter and have specific, appropriate solutions to promote disbursement to achieve the set target. In particular, assign specific leaders of the Ministry, agencies, and localities in charge of monitoring the disbursement of each project and project group in conjunction with evaluating work results.

Localities and units also 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 need for additional capital. Along with that, 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.

The Prime Minister emphasized the need to continue mobilizing the entire political system to resolutely carry out site clearance work; strictly handle investors, project management boards, and contractors who deliberately cause difficulties, obstruct, and slow down the progress of capital allocation and disbursement; review and promptly handle weak and negative officials who do not complete assigned tasks.

The Prime Minister requested the Ministry of Construction, the Ministry of Agriculture and Environment and People's Committees of provinces and cities to focus on removing difficulties and obstacles in exploiting minerals that are common construction materials to ensure supply for projects, especially key transport infrastructure projects and important national projects.

Delegates attend the online conference at the Government headquarters. Photo: Nhat Bac

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; review and clarify responsibilities for not disbursing all assigned capital.

The Prime Minister requested to continue promoting the role of the 8 Prime Minister's Working Groups on urging and removing difficulties and obstacles in production, business, import-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 and called on ministries, branches, local agencies, and 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 have money but cannot spend it"; select the right contractor with the requirement to fulfill commitments, build a progress critical path and monitor weekly, promptly replace substandard contractors.

Investors, project management boards, and contractors continue to promote the spirit of "braving the sun and rain", "eating quickly and sleeping quickly", "working in 3-4 shifts", "working on holidays, Tet holidays", "only working, not backtracking"... Thereby, promoting public investment disbursement, ensuring progress and efficiency, improving project quality, in accordance with regulations, processes, and procedures, preventing negativity, corruption, and waste.

Source: https://hanoimoi.vn/thu-tuong-pham-minh-chinh-thay-nguoi-dung-dau-neu-de-giai-ngan-dau-tu-cong-cham-716353.html