Prime Minister Pham Minh Chinh chaired the fourth national conference on boosting public investment in 2025 at the Government Office in Hanoi on October 18, which was connected online to 34 centrally-run provinces and cities.

Opening the conference, the Government chief said that with just over two months left in 2025, it is crucial to step up efforts to achieve the year’s growth goal, thereby creating momentum and capacity for the country’s next phase of development. Investment remains a key engine of growth: disbursement of public investment capital during this term has risen 55% from the previous term, reflecting the strong efforts by the Party, the people and the armed forces.

To date, public investment disbursement has been carried out effectively and avoided scattered allocation, he said. The roughly VND1.11 million trillion earmarked for public investment this year represents a major effort in capital planning. Ministries, agencies, localities and units must strive to disburse 100% of this amount within the year to contribute to growth.

PM Chinh emphasized that officials at all levels should demonstrate a strong sense of responsibility to the country and view public investment as a driver of economic expansion that helps improve both material and spiritual living standards.

He pointed out that, as of October 16, the country had disbursed nearly VND455 trillion, or 50.7% of the plan assigned by the Government- a figure still below expectations. Twenty-nine ministries and central agencies and 18 localities have disbursement rates under the national average.

The Government chief requested a thorough analysis of both objective and subjective causes to identify bottlenecks, noting that even under the same legal and operational conditions, some entities have completed their disbursement while others lag behind. He tasked the Ministry of Finance with clarifying capital transfers from low-performing to better-performing units.

He also noted that the Politburo issued Regulation 366 on August 30, 2025, on reviewing, evaluating and reclassifying the performance of collectives and individuals in the political system. The regulation includes criteria related to public investment disbursement, which he said must be implemented strictly with the highest sense of responsibility to the Party, the State and one’s conscience.

Emphasizing the public value of each completed project, PM Chinh said every structure built and project completed brings joy and pride to the people and contributes to national development. “Say less, do more, and show results in concrete projects,” he said.

The Ministry of Finance reported that the total state budget public investment plan for 2025 assigned by the Prime Minister stands at more than VND897 trillion. The total capital already allocated by ministries, central agencies and localities exceeds VND871 trillion, equivalent to 97% of the assigned plan.

The remaining VND26 trillion has not yet been allocated in detail; it belongs to 20 ministries and 26 localities and accounts for 2.9% of the 2025 state budget public investment plan. Of this remainder, the central budget holds VND26 trillion while local budgets total VND92.8 billion.

PM issues official dispatch to accelerate public investment disbursement

Prime Minister Pham Minh Chinh on September 11 signed an official dispatch, urging ministries, agencies, and localities to step up the disbursement of public investment capital this year.

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

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