Public investments 2025: Prime Minister calls for more speed!

Public investments 2025: Prime Minister calls for more speed!

Vietnam's Prime Minister Pham Minh Chinh has placed a clear focus on the efficiency and transparency of capital disbursements at a conference to promote public investment in Hanoi. The National Assembly approved a total capital of VND 829,365 billion for 2025, of which VND 825,922 billion was allocated to ministries and central and local authorities. Only VND3,433 billion remains unallocated for three national target programs. Prime Minister Chinh has already approved 100% of the allocated capital plan, underscoring the urgency and importance of this issue.

As of April 30, 2025, an estimated VND128.5 trillion has been paid out, representing 15.56% of the total plan. In comparison, the disbursement in the same period of 2024 was VND110,000 billion, a rate of 16.64%. Although the payout in absolute terms is about VND18,000 billion higher than last year, the payout rate has decreased in comparison.

Promoting payout rates

Particular attention is paid to the ministries and authorities that are actively seeking payment. As of April 2025, ten ministries, central authorities and 35 municipalities have recorded a disbursement rate above the national average. Some ministries and municipalities have even achieved payment rates of over 20%, while others have very low payments. Prime Minister Chinh expressed concerns about the slow progress in public investment and stressed the need for party members and government leaders to think and act pragmatically.

With the aim of increasing the disbursement of public investments to 95 percent, measures were called for to prevent negative phenomena and reduce obstacles in institutions, mechanisms and policies. Prime Minister Chinh said he would praise and reward ministries and municipalities that make large public investments. At the same time, there should be stricter measures against those who hesitate to pay out. Payout is also used as an important criterion for assessing staff.

Social responsibility and improvement of living conditions

A key concern of the government is to provide new and better housing options for people who lose their homes through projects. The harmonization of the interests of the state, investors and residents was considered important. Prime Minister Chinh also stressed the need to secure material sources and human resources for key projects to promote a breakthrough in disbursement of public investments. This is seen as crucial to achieving the country's socio-economic development goals.

In summary, current developments show that the Vietnamese government under Prime Minister Pham Minh Chinh is committed to addressing public investment challenges while improving the quality of life of its citizens.

The details and further information can be found at Vietnam.vn and VOV World.