Hai Phong to take decisive measures to disburse 2025 public investment

The Hai Phong People’s Committee held its October meeting to adjust the disbursement scenario for the 2025 public investment plan through the end of the 2025 fiscal year on the afternoon of October 20.

According to the city Department of Finance, as of October 16, the city had disbursed 24.393 trillion VND, reaching 68% of the plan assigned by the Prime Minister and 62.4% of the target set by the city People’s Council.

It is projected that by the end of 2025, Hai Phong will disburse 38.729 trillion VND in public investment, equivalent to 107.9% of the Prime Minister’s plan.

Standing Vice Chairman of the city People’s Committee Le Anh Quan commended the efforts of investors, localities, and units in closely following the city’s disbursement plan. This result helped Hai Phong rank eighth nationwide in public investment disbursement progress, 16.8% higher than the national average.

To ensure the successful completion of the disbursement target, 100% of the capital assigned by the Prime Minister and over 98% of the plan approved by the city People’s Council in 2025, Vice Chairman Le Anh Quan required the Department of Finance to promptly coordinate with project investors to finalize the adjustment of the 2025 public investment plan for submission to a special session of the city People’s Council for review and approval.

The Departments of Finance and Construction and relevant units are to work closely with project investors to develop detailed, itemized progress schedules for each project and component, linked to procedures for payment and settlement of completed work volumes. The city will not accept cases in which investors, local management boards, or units fail to fully disburse their allocated funds, especially those whose capital allocations have already been adjusted, Quan noted.

PHAM CUONG - HOANG PHUOC