HCMC – HCMC had disbursed VND3.4 trillion of public investment capital as of March 21, reaching 4.1% of the plan assigned by the Prime Minister and 5.1% of the city’s 2025 public investment capital plan.
This figure was below the first-quarter disbursement target of 7.5-10%.
Speaking at a March 27 press conference on the city’s socio-economic performance, Pham Trung Kien, deputy director of the HCMC Department of Finance, said that with the inclusion of public investment capital for 2024 disbursed in January, the city’s total first-quarter disbursement reached VND8.8 trillion, or 10.5% of the Prime Minister’s assigned plan.
While the result fell short of the target, it shows improvement compared to the same period last year, he noted.
The low disbursement at the beginning of the year is attributed to the characteristics of investment spending, including the focus on settling 2024 capital, making advance payments to contractors, and material shortages at several key projects.
To accelerate public investment disbursement, HCMC will form a task force to expedite the disbursement of public investment projects, led by the chairman of the HCMC People’s Committee.
The city has also issued a plan to implement and disburse public investment capital in 2025, with tailored solutions for project groups and specific tasks for each agency.
Additionally, the HCMC People’s Committee has assigned the Department of Home Affairs to collaborate with relevant departments to recommend measures for addressing low disbursement rates.
If a unit’s quarterly disbursement rate falls below the overall target, it will receive a reprimand. If the annual rate remains below the target or the unit fails to meet requirements for two or more quarters, it will face a review and disciplinary action.
In 2025, the Prime Minister assigned HCMC a public investment disbursement target of VND84.1 trillion, aiming to achieve at least 95% by January 31, 2026.
The projected disbursement schedule is 7.5-10% in the first quarter, 30-33% in the second quarter, 60-65% in the third quarter, 85-90% in the fourth quarter, and 95% completion by January 2026.
