HCMC – HCMC had disbursed a mere VND6.07 trillion in public investment in the year to April 29, or 7.2% of its full-year plan, official data showed.
The city has a total of VND85.5 trillion in public capital allocated for this year and aims to disburse at least 95% of that amount, said Le Thi Huynh Mai, director of the HCMC Department of Finance.
Speaking at the city’s socio-economic performance review meeting today, May 8, Mai said the city has held seven meetings and issued 21 directives since the start of the year to resolve bottlenecks in major investment projects.
The city is speeding up work on several large projects to boost disbursement, including four build-operate-transfer (BOT) road projects worth VND35 trillion. These cover upgrades to National Highways 1, 13, and 22, and the North-South road connecting Nguyen Van Linh Parkway and the Ben Luc–Long Thanh Expressway.
Other priority projects include the Van Thanh canal upgrade (VND5.56 trillion), the Binh Tien bridge-road project (VND871 billion), and nine additional projects with planned disbursement of around VND16.87 trillion this year. The HCMC–Moc Bai expressway is expected to disburse VND4 trillion in June.
Mai urged departments to shorten public investment procedures by 30% and strengthen project oversight.
