Ho Chi Minh City: "Promoting" disbursement of public investment capital

1.giainganvondautucong16-9.jpg — Meeting scene. *Photo: Ha Trang*

On the afternoon of September 16, the People's Committee of Ho Chi Minh City held a direct and online meeting with 168 wards and communes on the Report on the implementation and disbursement of public investment capital in the first 9 months of 2025, the expected disbursement of public investment capital in the last 3 months of the year and the medium-term public investment capital plan for 2026-2030.

Secretary of the Party Central Committee, Secretary of the Ho Chi Minh City Party Committee Tran Luu Quang attended.

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

Ho Chi Minh City People's Committee (after reorganization) has completed the assignment and detailed allocation of the total capital according to the capital level assigned by the Prime Minister, with the total capital the city has deployed being more than 151,431 billion VND (including the central budget and local budget), reaching 127% of the capital level assigned by the Prime Minister.

Regarding the disbursement results of the 2025 public investment plan, Mr. Nguyen Cong Vinh said that as of September 11, the city's total disbursement reached more than VND 53,863 billion, reaching 45.2% of the capital plan assigned by the Prime Minister and reaching 35.5% of the capital plan the city has deployed.

Regarding capital disbursement for compensation and site clearance in Ho Chi Minh City after the reorganization, the total capital expected to be disbursed for the whole year is 46,285 billion VND, equivalent to about 39% of the total capital plan assigned by the Prime Minister. Up to now, 24,146 billion VND has been disbursed, reaching 52.2%.

According to the Ho Chi Minh City Department of Finance, up to 7/10 project management boards have low disbursement rates, affecting 39% of the city's disbursement rate.

The city remains steadfast in its GRDP growth scenario in 2025, specifically: Q3-2025 increases by 10.2% for the first 9 months of the year to grow by 7.8%; Q4-2025 increases by more than 10.2%, for the whole year of 2025 to reach the planned growth rate of 8.5%.

2.giainganvondautucong16-9.jpg — The An Phu intersection project (the eastern gateway to Ho Chi Minh City) is behind schedule due to slow site clearance. *Photo: Linh Nguyen*

To achieve the target according to the above scenario, one of the three main pillars (besides the consumption pillar and the export pillar) is disbursement of public investment capital.

Therefore, Ho Chi Minh City continues to operate the two-level local government apparatus effectively and efficiently, without leaving any “gaps” in the performance of public duties. At the same time, it continues to strongly reform administration, minimize administrative procedures in investment, production and business; listen to and remove difficulties for businesses and investors.

In addition, the city focuses on removing bottlenecks in site clearance compensation - one of the main reasons for the slow disbursement rate of public investment capital.

Chairman of the Ho Chi Minh City People's Committee Nguyen Van Duoc said that the city will consolidate and supplement professional staff at the commune level to overcome the backlog of investment dossiers. The City People's Committee assigned the Department of Home Affairs to urgently implement phase 2 of the project to rearrange professional agencies, especially agencies such as project management boards, site clearance boards, etc. to speed up site clearance progress, as well as disbursement of public investment capital.

Source: https://hanoimoi.vn/tp-ho-chi-minh-thuc-giai-ngan-von-dau-tu-cong-716276.html