Accelerating public investment disbursement to drive sustainable growth
By September 15, Hai Phong had disbursed 22,462 billion VND in Central capital and 57.2% of the city capital.
According to the Department of Finance, Hai Phong’s State budget investment plan for 2025 totals over 75,000 billion VND, including 35,893 billion VND allocated by the Prime Minister and 39,298 billion VND by the city.
By September 15, Hai Phong had disbursed 22,462 billion VND in Central capital (62.6% of the plan) and 57.2% of the city capital. With this result, Hai Phong ranks among 30 localities, ministries, and sectors with a higher disbursement rate of public investment than the national average of 46.3%, as recognized by the Prime Minister.
Since the merger with Hai Duong province in 2025, the city has implemented more than 3,000 projects, including 1,643 city-level ones managed by 50 units. Of these, 806 projects are in the preparation and construction stages with a planned capital of nearly 31,000 billion VND, including 223 projects requiring site clearance, for which more than 6,913 billion VND has been allocated.
Facing these significant pressures, Hai Phong has clearly identified that public investment disbursement is not merely about fulfilling the Government’s mandate but also serves as a driving force to stimulate private investment, mobilize social resources, and create spillover effects for sustainable growth. The city is taking comprehensive and decisive key measures to accelerate public investment disbursement in the remaining months of 2025.
The city continues to review and complete post-merger tasks to ensure the effective operation of the two-tier local government model, contributing to project implementation and keeping disbursement rates aligned with the scenario for the last six months of the year.
It has strictly enforced a 50% reduction in administrative procedure processing time for construction investment; reviewed and adjusted the medium-term public investment plans for 2021–2025 and 2025; and reallocated capital from projects with slow disbursement to those with good progress but lacking funds, thereby enhancing efficiency and accelerating the city’s overall progress.
In addition, the city has focused on direction to speed up construction and site clearance, especially for key projects such as the Lao Cai – Ha Noi – Hai Phong railway line and Ring Road 2.
For projects behind schedule, investors are required to have contractors re-establish detailed timelines, mobilize additional manpower, equipment, and financial resources, and increase working shifts to make up volumes, ensuring disbursement meets the plan. Inspections are strengthened, and organizations and individuals causing difficulties or delays in capital allocation and disbursement are strictly handled.
With these synchronized solutions, Hai Phong aims to achieve 100% disbursement of the 2025 capital plan, thereby promoting full-year economic growth of 12.35% or higher, continuing to maintain double-digit growth for many consecutive years.
LAN BUI