Ho Chi Minh City's public investment disbursement slows down towards the end of the year

Ho Chi Minh City's public investment disbursement was accelerating but suddenly slowed down in the past two months, affecting the city's economic growth rate.

On the afternoon of September 16, the Ho Chi Minh City People's Committee held an online conference with 168 communes and wards on the implementation and disbursement of public investment capital in the first 9 months of 2025 and proposed solutions to speed up the disbursement progress in the last 3 months of the year.

Reporting at the meeting, Mr. Nguyen Cong Vinh, Director of the Department of Finance, said that the total public investment capital in 2025 of Ho Chi Minh City (after the arrangement) assigned by the Prime Minister is 118,948 billion VND, of which the central budget capital is 15,299 billion VND and the local budget capital is 103,648 billion VND.

As of September 11, the City has disbursed more than VND 53,863 billion, reaching 45.2% of the capital plan assigned by the Prime Minister.

The An Phu intersection project is behind schedule, affecting the disbursement progress of the City's public investment capital - Photo: Le Toan

According to Mr. Vinh, to complete the 100% disbursement target for the whole year, the City needs to continue disbursing more than 65,000 billion VND in the remaining months.

To ensure disbursement progress, in addition to the proposed solutions, the Director of the Department of Finance recommended that the City People's Committee direct units to focus on closely monitoring the implementation and disbursement of 34 large capital projects (including 24 projects in the list of key projects).

Because currently, a series of key infrastructure projects such as An Phu intersection, environmental improvement of Tham Luong - Ben Cat canal - Nuoc Len stream... are still slow in construction, causing the disbursement of public investment capital to be affected.

Speaking at the meeting, Chairman of the Ho Chi Minh City People's Committee Nguyen Van Duoc emphasized that disbursement of public investment and disbursement of land clearance capital is a key task, directly affecting the growth rate of the City and the whole country.

The Chairman of the Ho Chi Minh City People's Committee emphasized that in the first 6 months of the year, the disbursement of public investment capital achieved positive results of over 40%.

"This is the first time in the past 5 years that the City has achieved such a high growth rate. However, in the past 2 months, the disbursement rate has slowed down, which affects the growth of the City and the whole country," Mr. Duoc worried.

Therefore, Mr. Duoc requested relevant departments, branches and units to carefully analyze both objective and subjective causes, thereby proposing more drastic solutions to ensure the disbursement of public investment capital and site clearance capital meets the set plan.

Source: https://baodautu.vn/tphcm-cang-ve-cuoi-nam-giai-ngan-dau-tu-cong-cham-lai-d387097.html