Agencies advised to foresee problems to boost public investment disbursement
To boost public investment disbursement in 2024, ministries, sectors, and localities need to foresee problems that may occur during the implementation of projects to take timely solutions, said an official of the Ministry of Finance (MoF).
Over 16.93 trillion VND in public investment capital sourced from the state budget was disbursed in January. (Photo: VNA)
Hanoi (VNA) – To boost public investmentdisbursement in 2024, ministries, sectors, and localities need to foreseeproblems that may occur during the implementation of projects to take timelysolutions, said an official of the Ministry of Finance (MoF).
Duong Ba Duc, Director of the MoF’s Investment Department,said to ensure the disbursement progress, the department has proposed the MoF instruct ministries, sectors, and localities to accelerate capital allocation andseriously carry out measures.
It has recommended ministries, sectors, and localities to allocatecapital for projects in the order of priority, revoke capital in line withregulations, and provide enough funding for projects facing capitalshortages.
Thedepartment has also asked for scientific and reality-matching allocation andregistration of capital. Meanwhile, an appropriate level of funding should begiven to newly-launched projects since they still need time for site clearanceand invitation for bids, he noted.
In January, more than 16.93 trillion VND (687 million USD) inpublic investment capital sourced from the state budget was disbursed, equivalentto 2.46% of this year’s plan and 2.58% of the target set by the Prime Minister,higher than the respective rates of 1.72% and 1.81% recorded in the same periodlast year, according to the MoF.
Meanwhile, over 127.59 trillion VND from the statebudget is set to be allocated to nationally important projects in 2024, including nearly 96.4 trillion VND from the central budget and 31.2 trillion VND fromlocal budgets.
About 1 trillion VND was supplied to those projects as ofJanuary 31, statistics showed. The PM targets a public investment disbursementrate at 95% for 2024.
Duc considered this target as feasible as the sum of publicinvestment this year is over 600 trillion VND, lower than last year’s figure. Besides,nationally important projects that connect regions and have ripple effect havehad their procedures basically completed, providing grounds for betterdisbursement./.
As much as 579.8 trillion VND (23.77 billion USD) worth of public investment was disbursed last year, equivalent to 73.5% of the yearly plan and nearly 82% of that assigned by the Prime Minister, according to the Ministry of Finance.
The disbursement of public investment in 2023 was projected to reach 95% of the plan, equivalent to nearly 676 trillion VND (over 27 billion USD), marking the record high so far, according to Deputy Minister of Planning and Investment Tran Quoc Phuong.
The 15th National Assembly (NA) continued its fifth extraordinary meeting on January 16, during which the Government proposed to the National Assembly an additional allocation of more than 63.72 trillion VND (2.59 billion USD) for the mid-term public investment plan from the central budget for the 2021-2025 period.
Prime Minister Pham Minh Chinh demanded renewing current growth drivers and optimising new ones while chairing the Government’s regular meeting on February 1.
Prime Minister Pham Minh Chinh ordered competent sides to accelerate construction of key transport projects in 2024 to create new development space while chairing the 9th session of the Steering Committee for Key National Transport Projects on February 16.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.
The zone will cover 1,881 ha, comprising functional areas for production, logistics, trade and services, digital technology industry, information technology, and innovation.
Dung underlined several key objectives, including a comprehensive review of the legal framework governing SOEs, and called for updates that reflect international standards and support modern, transparent governance.
While the US market has become more difficult to access due to new tax policies, Australia could play the role of a trade cushion, helping to reduce shocks and maintain export momentum for Vietnam's shrimp industry.
Vietnam Cycle Expo 2025 will coincide with the Vietnam Sport Show 2025, an international exhibition on sports and outdoor entertainment, expected to attract more than 20,000 visitors in the three-day event.
Despite global economic uncertainties, Binh Duong has maintained strong momentum in both exports and industrial production during the first half of 2025.
Over 16.93 trillion VND in public investment capital sourced from the state budget was disbursed in January. (Photo: VNA) 
