PM draws red line on May 10 as public capital disbursement lags
A recent PM directive set a May 10 deadline for ministries, agencies and localities to complete detailed allocations of the 2026 public investment capital plan.
A recent PM directive set a May 10 deadline for ministries, agencies and localities to complete detailed allocations of the 2026 public investment capital plan.
The PM commended 12 ministries and central agencies and 20 localities for above-average performance, while criticising 22 ministries, sectors and central agencies as well as 12 localities for lagging behind.
Prime Minister Pham Minh Chinh on February 1 chaired the Government’s regular meeting to review the socio-economic situation in January, the allocation and disbursement of public investment, and the implementation of national target programmes.
Prime Minister Pham Minh Chinh has requested ministries and sectors speed up administrative reform and disbursement of public investment, towards promoting economic activities to create jobs and livelihoods for people.
Deputy Prime Minister Le Minh Khai on April 13 ordered tightening discipline in the disbursement of public investment capital, stating that it is the responsibility of ministries and agencies’ leaders.
Hanoi and Ho Chi Minh City - the country's economic locomotives - recorded the highest disbursement of public investment capital in January, with nearly 2.7 trillion VND (117 million USD) and more than 1.63 trillion VND, respectively, reported the General Statistics Office.
Foreign direct investment (FDI) pledged in Vietnam witnessed a significant yearly increase of 52 per cent to US$1.9 billion in the first month of this year, according to the Ministry of Planning and Investment.
HCM City’s metro lines are facing various issues with procedures, disbursement, and cost overrun.
Prime Minister Nguyen Xuan Phuc was worried about the slow disbursement of public investment capital while chairing the government’s regular meeting in Hanoi on October 3, noting that only 55 percent of the year’s investment plan has been disbursed so far.