Hai Phong outlines 2026 public investment disbursement plan for nearly VND 37 trillion

In 2026, the total public investment capital assigned to Hai Phong City amounts to VND 36.917 trillion as allocated by the Prime Minister, and VND 36.967 trillion as approved by the City People’s Council, after deducting a 5% expenditure saving.

With the goal of achieving a disbursement rate of 100.1% of the capital allocated by the Prime Minister and 100% of that approved by the City People’s Council by January 31, 2027, the City People’s Committee has issued a detailed disbursement plan for implementation in 2026.

Accordingly, disbursement is targeted to reach 25.3% by the end of the first quarter of 2026, 39.8% by the end of the second quarter, 64.9% by the end of the third quarter, and 91.7% by the end of the fourth quarter, with full disbursement of the allocated capital to be completed by the close of the fiscal year.

To ensure effective and decisive implementation from the very beginning of 2026, the City People’s Committee has identified four key task groups and solutions.

Priority will be given to accelerating the completion of investment procedures and contractor selection, while strictly adhering to approved implementation schedules and disbursement plans for each project.

The City People’s Committee has also determined that public investment disbursement performance will be considered a key criterion in the year-end evaluation and classification of relevant organizations and individuals in 2026. At the same time, tasks and solutions to speed up compensation and site clearance will be implemented in a coordinated and decisive manner, alongside efforts to step up final settlement of completed projects.

One notable new measure introduced in 2026 requires that, within three days of the completion of construction volumes, project owners and contractors must conduct acceptance procedures, prepare payment dossiers for completed works, and submit them to the State Treasury for payment, disbursement, and recovery of advance payments in accordance with regulations.

In addition, project owners are required to promptly prepare final settlement dossiers for completed projects and submit them to competent authorities for approval within the prescribed time limits: no more than nine months for Group A projects, six months for Group B projects, and four months for Group C projects.

Hai Phong News