Deputy PM urges hastening of public investment disbursement

Deputy Prime Minister Le Minh Khai has emphasised the need to clear all roadblocks and clarify the responsibilities of the persons concerned to accelerate public investment disbursement.
Deputy PM urges hastening of public investment disbursement ảnh 1Deputy PM Le Minh Khai (standing) speaks at the teleconference on April 24. (Photo: VNA)
Hanoi (VNA) – Deputy Prime Minister Le Minh Khai has emphasised the need to clear all roadblocks and clarify the responsibilities of the persons concerned to accelerate public investment disbursement.

He made the request on April 24 while addressing a teleconference with Ho Chi Minh City and the Mekong Delta provinces of Tra Vinh, Vinh Long, Soc Trang, and An Giang, which have recorded slow disbursement.

For 2023, the five localities were assigned more than 92.9 trillion VND (3.9 billion USD) in investment capital from the state budget, including over 67.2 trillion VND from the local and 25.6 trillion VND from the central ones.

As of the end of March, they disbursed over 2.5 trillion VND, equivalent to 2.74% of the target set by the Prime Minister and much lower than the national average of 10.35%. Among them, the disbursement rate stood at more than 5% in the four Mekong Delta provinces and only 0.89% in HCM City, according to the Ministry of Finance.

At the meeting, HCM City, An Giang, and Soc Trang pledged to disburse 100% of their assigned capital, Tra Vinh over 98%, and Vinh Long 100% of the capital from the central budget and 95% of that from the local one.

Deputy PM urges hastening of public investment disbursement ảnh 2Deputy PM Le Minh Khai addresses the teleconference. (Photo: VNA)
Noting that the five localities’ disbursement rates are very low, Deputy PM Khai said that as Vietnam’s GDP growth was at only 3.32% in the first quarter, it is necessary to further speed up public investment disbursement to create an impetus for growth and make up for growth slowdowns in other sectors.

He demanded causes of the slow disbursement and the responsibilities of the persons concerned be clarified, asking the chairpersons of the provincial-level People’s Committees to enhance their sense of responsibility, frequently examine and promote the implementation of projects, and tackle hindrances in a timely manner.

He told provincial leaders to take charge of certain groups of projects, especially key ones.

Capital and plans have already been ready, if disbursement fails, it will greatly affect economic growth, Khai pointed out, adding that the localities should view the disbursement of medium-term public investment as a political task for 2023 and use disbursement results as a basis for personnel arrangement./.
VNA

See more

At Yadea Vietnam’s smart manufacturing plant in Tan Hung Industrial Park, Bac Ninh province (Photo: VNA)

Vietnam ties FDI incentives to local supplier commitments

Incentives will increasingly hinge on investors’ performance and commitments, not just on landing projects. Key commitments include transferring technology to Vietnamese firms, training workers, providing technical support and opening FDI supply chains to domestic companies.

Green SM has launched all-electric taxi service in the US. (Illustrative photo: VNA)

Green SM launches all-electric taxi service in US

The move brings Green SM into one of the world’s most dynamic and demanding markets. It also marks another step in the international expansion of the Vietnamese mobility brand, following its rapid growth across markets in Asia and Europe.

An overview of the meeting between IMF Managing Director Kristalina Georgieva and ASEAN Finance Ministers and Central Bank Governors (Photo: VNA)

Vietnam strengthens financial cooperation at IMF-World Bank annual meetings

The Vietnamese Governor underscored the complementary roles of global and regional financial cooperation mechanisms, including the Chiang Mai Initiative Multilateralisation (CMIM) and the ASEAN+3 Macroeconomic Research Office (AMRO). He also highlighted the importance of technical assistance in fintech, digital transformation, cybersecurity and risk management.

Representatives of the organising committee at the opening ceremony of the fair (Photo: VNA)

Vietnam-Cambodia trade expo promotes bilateral economic cooperation

The Vietnam-Cambodia Business Networking and Product Promotion Exposition has become a key trade promotion event, creating business and investment opportunities while strengthening mutual understanding and trust between the two countries’ armies, people and enterprises.

Vietjet Air’s Airbus A330 taxis at Vaclav Havel Airport in Prague, the Czech Republic. (Photo: VNA)

Vietnam’s airlines expand international networks

The Civil Aviation Authority of Vietnam forecasts that the country’s aviation market will handle 94 million passengers and more than 1.6 million tonnes of cargo in 2026, up 13% and 9.3%, respectively, from 2025.

A representative of Sumika Electronic Materials Vietnam (VSIP Bac Ninh Industrial Park, Tu Son Ward) briefs the delegation from Customs Sub-department Region V on the company's operations. (Photo: báo bắc ninh)

Bac Ninh customs facilitates clearance to boost exports

Pham Chi Thanh, head of Customs Sub-Department Region V, said the unit is focusing resources on developing a digital customs model and streamlining professional procedures to shorten clearance times and reduce costs for businesses while maintaining effective state management.

At the sixth Golden Brand Awards 2026 ceremony (Photo: VNA)

Ho Chi Minh City honours top 50 brands for 2026

The awards aim to recognise brands that can lead their industries, drive innovation and create a ripple effect across the business community, lifting the city’s standing in a new growth stage.

Luxury apartment projects in downtown Ho Chi Minh City (Photo: VNA)

Ho Chi Minh City's housing market sees price stabilisation, sharper buyer segmentation

According to Avison Young Vietnam, improved planning and infrastructure development have helped ease market uncertainty and prevented a complete freeze. More than 25,000 apartments are expected to enter the market in multiple launches between 2027 and 2030, with many projects scheduled to benefit from infrastructure improvements around 2030.