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| Prime Minister Pham Minh Chinh chairs a nationwide conference on October 18 on public investment promotion for 2025__Photo: VNA |
Prime Minister Pham Minh Chinh has called on ministries, sectors and localities to promote their responsibility to the nation and the people by accelerating the disbursement of public investment, boosting socio-economic growth and improving people's living conditions.
The PM made the call while chairing a nationwide conference on October 18 on public investment promotion for 2025, the fourth such meeting this year, held in person at the Government's Headquarters and connected online with 34 provinces and cities.
He underlined that to achieve economic growth of over 8 percent in 2025 and create momentum for double-digit growth in the following years, investment, particularly public investment, must serve as a key growth driver.
He noted that public investment capital for this term has risen by 55 percent compared to the previous term. For 2025 alone, the figure totals approximately VND 1.11 quadrillion (USD 421.38 million) with the Government striving for 100 percent disbursement to help spur growth and development.
As of October 16, public investment disbursement had reached VND 455 trillion, equivalent to 50.7 percent of the annual plan — still below expectations. Twenty-nine central agencies and 18 localities remain under the national average. The PM noted that under Regulation 366-QD/TW recently issued by the Politburo, performance in public investment disbursement will be one of the key evaluation criteria for collectives and individuals in the political system.
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| An overview of the fourth nationwide conference on public investment promotion for 2025, held in person at the Government's Headquarters and connected online with 34 provinces and cities__Photo: VNA |
He urged participants to review and assess disbursement results, identify the causes of delays, and clarify responsibilities, avoiding any buck-passing or evasion of accountability.
According to the Ministry of Finance, the 2025 State budget investment plan totals over 897 trillion VND, of which more than VND 871 trillion (97.1 percent) has been allocated. The remaining VND 26.2 trillion has yet to be distributed in detail. As of mid-October, nine ministries and 16 localities had disbursement rates above the national average.
It underscored that the Government and the PM have issued multiple official dispatches, directives, and held many nationwide conferences to drive implementation of public investment, which is considered an important political task. The PM and Deputy PMs have also conducted field inspections to address institutional, procedural, and regulatory bottlenecks in major national and priority projects, it noted.
The ministry reported that since early 2025, Vietnam has completed over 455 km of expressways and begun construction on 364 km more, aiming to reach 3,000 km by the end of 2025. Discipline and transparency in public investment have been strengthened, with ministries and localities regularly reviewing and reallocating funds between projects to ensure efficiency, transparency, and timely implementation, making a significant contribution to economic growth, macroeconomic stability, and sustainable development, it added.- (VNA/VLLF)
