Contractors construct a section of a North-South Expressway project in the 2021-2025 period. (Photo: VietnamPlus)
Public investment disbursement was estimated at 355.61 trillion VND (14 billion USD) in the first 10 months of this year, fulfilling 52.2% of the annual target, according to the Ministry of Finance (MoF).
Of this amount, 16.1 trillion VND was allocated to the national target programme, reaching 59.25% of the goal set by the Prime Minister.
Among the 63 centrally-managed cities and provinces, 41 have disbursement rates higher than the national average. However, out of 44 ministries and central agencies, only 15 surpassed this benchmark. Besides, 29 ministries, central agencies, and 22 localities report disbursement rates below the national average.
Notably, some major localities with substantial portions of the state budget investment plan for this year have low disbursement rates, significantly affecting the overall national progress. For example, Ho Chi Minh City, a key economic hub, was allocated 79.3 trillion VND in 2024 but had only disbursed an estimated 19.63% by the end of October. Hanoi, allocated 81 trillion VND, reached a disbursement rate of 44.62%.
The slow disbursement has been attributed to challenges related to mechanisms and policies, administrative procedures, and land clearance.
In some areas, delays in land-based revenue collection have impacted budget allocation as land auctions and capital recovery processes remain sluggish.
To accelerate disbursement in the final months of this year, the MoF urged ministries, agencies, and localities to intensify efforts in line with the Prime Minister’s directives and Official Dispatch 104/CD-TTg, issued on October 8.
For large-scale projects with complex technical requirements that span multiple regions, involve challenging terrain, and face material shortages, ministries, agencies, and localities were instructed to enhance inspection and coordination to ensure project effectiveness.