The Prime Minister requested 100% disbursement of public investment capital to avoid the situation of 'having money but not being able to spend it'.

The Prime Minister noted that ministries, branches, and localities, especially their leaders, must have the highest responsibility in disbursing public capital, not allowing stagnation, and avoiding the situation of "having money but not being able to spend it".

National conference on promoting public investment by 2025 (third time). Photo: VNA

On the morning of September 17, the Government held the third National Conference to promote public investment by 2025.

The conference connected online from the Government headquarters to the provinces and centrally run cities. Prime Minister Pham Minh Chinh chaired the conference.

Concluding the Conference, Prime Minister Pham Minh Chinh highly appreciated the results achieved by ministries, branches and localities and severely criticized and requested ministries, central agencies and localities with low disbursement rates to clarify the collective and individual responsibilities involved, on that basis, propose appropriate solutions to promote disbursement in the coming time.

Clarifying the causes and limitations, the Prime Minister said that the process of implementing the two-level local government has encountered a number of difficulties and obstacles. Project preparation work is still sketchy, investment policy approval and investment decisions are not appropriate, capital planning is not close to reality, leading to the need to propose many adjustments. There still exists a state of avoidance, fear of mistakes, and fear of responsibility in performing assigned tasks; coordination between agencies is still lacking.

According to the Prime Minister, in the context of a situation with mixed difficulties, challenges and opportunities, with more difficulties and challenges, ministries, agencies and localities 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.

The requirement is to promote public investment more strongly, drastically and 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, improving the material and spiritual life of the people.

Prime Minister Pham Minh Chinh chairs the third National Conference on Promoting Public Investment by 2025. Photo: TXVN

To ensure 100% disbursement of public investment capital in 2025, Prime Minister Pham Minh Chinh requested ministries, central agencies and localities 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. The Prime Minister noted that ministries, branches and localities, especially their leaders, must have the highest responsibility in disbursing public capital, not to delay, and to avoid "having money but not being able to spend it".

Agencies, units and localities urgently review and evaluate the disbursement implementation status for each project; classify projects according to disbursement level; thereby build a specific disbursement schedule for each month and quarter and have specific and appropriate solutions to promote disbursement to achieve the set targets. Assign specific leaders of ministries, 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 the Ministry, 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 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.

Prime Minister Pham Minh Chinh chairs the third national conference on promoting public investment by 2025. Photo: VNA

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 Prime Minister requested the Ministry of Construction, the Ministry of Agriculture and Environment and the People's Committees of provinces and cities to focus on removing difficulties and obstacles in the exploitation of 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.

Continue to promote the role of the Prime Minister's 8 Working Groups 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.

Ministries and agencies, according to their assigned functions and tasks, shall study and promptly handle the recommendations of the delegates attending the Conference according to their authority and regulations; propose reports to the Prime Minister on matters beyond their authority.

Delegates attending the third National Conference on Promoting Public Investment in 2025. Photo: VNA

Promote public investment disbursement, ensure progress and efficiency, improve construction quality, comply with regulations, processes and procedures, and prevent negativity, corruption and waste.

According to the report of the Ministry of Finance, the total payment from the beginning of the year to August 31, 2025 is estimated at VND 409,174 billion, reaching 46.3% of the plan assigned by the Prime Minister, higher than the same period last year (reaching 40.4%).

Disbursement of central budget capital reached about 131,773 billion VND, equal to 32.2% of the plan assigned by the Prime Minister, lower than the same period last year (41%).

Disbursement of local budget capital was about VND 277,400 billion, reaching 58.3% of the plan assigned by the Prime Minister, higher than the same period last year (40%).

Disbursement of capital for 3 national target programs was 12,827 billion VND, reaching 52.4% of the plan assigned by the Prime Minister, higher than the same period in 2024 (43.4%).

There are 8 ministries, central agencies and 22 localities with estimated disbursement rates reaching the national average. There are 30 ministries, central agencies and 12 localities with estimated disbursement rates below the national average.

PV (synthesis)

Source: https://baohaiphong.vn/thu-tuong-yeu-cau-giai-ngan-100-von-dau-tu-cong-tranh-vic-co-tien-ma-khong-tieu-duoc-521041.html