HCMC – HCMC had disbursed VND51.5 trillion in public investment capital in the year to August 29, equivalent to 43.3% of the plan assigned by the prime minister and 34% of the city’s own plan, according to the city’s Department of Finance.
Of the total, VND6.7 trillion came from the central budget and VND44.8 trillion from the local budget.
Compared to July, disbursement went up by nearly VND4 trillion, pushing the city’s progress 3.3 percentage points closer to the prime minister’s target and 2.6 points closer to its own plan.
At a conference on September 9 to review socio-economic performance in the first eight months of the year and set out tasks for September, Nguyen Cong Vinh, director of the city’s Department of Finance said the progress remained slow despite the additional funding.
HCMC Chairman Nguyen Van Duoc noted that the city’s disbursement pace was still below expectations, citing overlapping responsibilities across government levels, which have delayed many projects despite repeated instructions.
He also emphasized the need to accelerate land and asset auctions in downtown areas and in the Thu Thiem New Urban Area to generate additional resources for development investment.
A representative of the HCMC Statistics Office said that to achieve the city’s GRDP growth target of 8.5% in 2025, it must fully disburse all public investment capital to stimulate aggregate demand. This means the city will need to disburse over 10% of the total capital each month from now until the end of the year.
