HCMC – Vietnam’s public investment disbursement in the year to end-October was VND355.6 trillion, representing over 52% of the full-year target, according to the Ministry of Finance.
Among the 63 centrally-governed cities and provinces, 41 exceeded the national average disbursement rate. Meanwhile, out of 44 ministries and central agencies, only 15 achieved this benchmark.
Despite significant capital allocations, key localities like HCMC and Hanoi are lagging in disbursement. HCMC has utilized only 19.63% of its allocated funds, while Hanoi’s rate stands at 44.62%.
Challenges in mechanisms, policies, administrative procedures, and land clearance have slowed disbursement progress.
Additionally, delayed land-based revenue collection in some areas has impacted budget allocation, as land auctions and capital recovery processes remain sluggish.
To address these issues, the Ministry of Finance has urged ministries and agencies to prioritize project implementation, especially for large, complex initiatives, and to proactively reallocate funds to optimize capital usage.
