Vietnam's Finance Ministry targets 60% public investment disbursement by end-Q3

Vietnam’s public investment disbursement reached VND409.17 trillion ($15.49 billion) in the year to August 31, equal to 39.9% of the year's plan and 46.3% of the Prime Minister’s target, the Ministry of Finance (MoF) reported.

This marks improvements from the respective 36.9% and 40.4% recorded in the same period last year. In particular, local budget-funded capital saw sharp progress, disbursing 58.3%, up 18.3% year on year.

The ministry set a goal of disbursing at least 60% of the Prime Minister’s target by the end of the third quarter and 100% by the year’s end.

To achieve this, the MoF asked ministries and provinces to finalize detailed public investment disbursement plans by September 30 to ensure timely allocation, strengthen monitoring to detect problems, promptly resolve bottlenecks facing each project, and report institutional obstacles to competent authorities for resolution.

Nine ministries and central agencies, and 22 provincial-level localities have met or exceeded the national average, while 29 central bodies and 12 localities remain below. Adjustments to disbursement rates now exclude recently added allocations as some units received capital late in the year.

Site clearance remains the biggest obstacle, with the ministry urging stronger action from local leaders. Priority is being placed on major national transport works to complete at least 3,000 km of expressways, over 1,000 km of coastal roads, and Long Thanh International Airport this year.

Key regional projects also need stronger disbursement such as Ninh Binh-Hai Phong Expressway, Ring Road 4 of the Hanoi Capital Region, Gia Nghia-Chon Thanh, Tan Phu-Bao Loc, Bao Loc-Lien Khuong, Ring Road 3 of Ho Chi Minh City, and HCM City-Moc Bai Expressway.

For ODA projects, authorities and investors were told to fast-track procedures, keep to schedules, and address obstacles immediately. Provinces were also reminded to boost budget revenue, especially from land, while complying with reporting rules under the ministry's Circular No. 37/2025/TT-BTC.

The MoF stressed that meeting the 2025 disbursement target is essential to achieving GDP growth of at least 8%.