Accelerated public investment disbursement drives growth
Many localities have accelerated the disbursement of public investment funds, meeting or exceeding their planned targets. The strong progress is helping stimulate economic growth and supporting the achievement of development goals for 2026.
Many localities outperform disbursement targets
In 2026, Phu Lien Ward was allocated VND 95.874 billion in public investment capital to implement 15 projects. During the first six months of the year, the ward is estimated to have disbursed more than VND 65.8 billion, equivalent to 55.87% of its annual plan, exceeding its scheduled target.
Several key projects have recorded high disbursement rates, including the construction of the third and fourth floors and functional facilities at Ngoc Son Primary School, as well as a new classroom building and functional block for Hoa Mai Kindergarten. To improve the efficiency of capital utilization, the ward People's Committee proactively reallocated more than VND 12 billion from projects that were not yet ready for implementation to those with stronger disbursement capacity.
Alongside public investment, the ward has accelerated site clearance for the city's key projects. To date, several projects have achieved significant progress, including the completion of site clearance for the FPT Education Complex. For Phase II of the Nguyen Luong Bang–Tran Nhan Tong Road, site clearance has been completed for 22.23 hectares involving 346 households, with total compensation of approximately VND 189 billion. In addition, more than 17.3 hectares of cleared land—representing over 61% of the project's required acquisition area—have been handed over for the road linking National Highway 5 and National Highway 10.
Meanwhile, An Phong Ward has also accelerated the disbursement of public investment funds. By the end of June, the ward is expected to have disbursed more than VND 25.7 billion, or 74.4% of its annual plan, surpassing the city's second-quarter disbursement target.
With the allocated funding, the ward is investing in five road rehabilitation and upgrading projects with a combined length of nearly 3.7 kilometers. Construction is progressing rapidly, with completion targeted for the third quarter—approximately two months ahead of schedule.
According to the Department of Finance, of the 121 project owners assigned public investment plans, 81 project owners and localities have achieved or exceeded the city's average disbursement rate, including 47 that have disbursed 50% or more of their annual allocations.
Excluding objective factors related to site clearance for the Lao Cai–Hanoi–Hai Phong railway project, an additional four localities have also exceeded the city's average disbursement rate.
Accelerating site clearance
Although many localities and project owners posted encouraging results during the first half of the year, a substantial amount of public investment capital remains to be disbursed in the remaining months of 2026. Based on a review of the progress of individual projects, the Department of Finance has developed an adjusted public investment disbursement scenario for 2026, targeting VND 24.207 trillion in disbursement by the end of the third quarter, equivalent to 65.5% of the annual plan, and VND 36.956 trillion by December 31, achieving 100% of the allocated investment plan.
Achieving the target of disbursing more than 65% of the annual plan by the end of the third quarter is considered crucial, laying the foundation for completing the year's targets while reinforcing the role of public investment in driving economic growth. To meet this objective, the Department of Finance has proposed that local authorities and project owners work closely with relevant departments and agencies to put an integrated database system into operation. The system will regularly update the progress of land clearance and disbursement values for each ward and special administrative zone, enabling the city to promptly address obstacles and implementation bottlenecks.
At an online meeting reviewing adjustments to the public investment plan, the 2026 disbursement scenario, and the progress of land clearance for projects across the city, Vice Chairman of the Hai Phong People's Committee Le Trung Kien instructed the Department of Finance to promptly finalize detailed disbursement plans for each locality and project.
He also assigned the Department of Agriculture and Environment and the Department of Construction to accelerate the development of resettlement areas, complete documentation on land origin verification, and resolve bottlenecks affecting land clearance for key projects.
Local authorities and project owners were instructed to continue expediting land clearance, identifying it as a top priority for providing construction sites and accelerating public investment disbursement. In particular, localities along the Lao Cai–Hanoi–Hai Phong railway route were urged to complete the handover of project boundary markers on schedule to facilitate land acquisition.
A significant volume of public investment capital remains to be disbursed during the final months of the year, while many key projects continue to depend on the progress of land clearance and the completion of resettlement infrastructure. Close adherence to project-specific and locality-specific disbursement plans, together with decisive action by authorities at all levels, will be critical to achieving the city's 2026 public investment disbursement targets, creating additional momentum for economic growth and supporting the fulfillment of broader socio-economic development objectives.
Ha Minh