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Public investment disbursement results in 2025 continued to improve compared to the previous year; however, some capital remained unallocated, and many ministries and localities still recorded disbursement rates below the national average.
According to a report by the Ministry of Finance, public investment disbursement in 2025 continued to record positive developments. By January 31, 2026, in line with commitments made by ministries, sectors and localities, the nationwide disbursement rate surpassed that of 2024 in both percentage terms and absolute value. However, the target of 100 percent disbursement of the planned capital has not yet been achieved.
For carried-over capital, cumulative disbursement from the beginning of the year to December 30, 2025 reached VND 49,548.3 trillion, equivalent to 74.4 percent of the assigned plan (over VND 66.62 trillion).
Regarding the 2025 capital plan, as of January 31, 2026, total disbursed capital amounted to VND 858,621.8 trillion, equivalent to 94.8 percent of the plan assigned by the Prime Minister (VND 905,481.7 trillion). Of this amount, central budget disbursement reached VND 320,358.1 trillion, accounting for 74.5 percent, while local budget disbursement totaled VND 538,263.7 trillion, equivalent to 113.1 percent of the plan.
Compared to the same 13-month period in 2024 (VND 624,540.4 trillion, or 91.45 percent), this year’s result was higher by 3.4 percentage points and increased by more than VND 234.081 trillion in absolute value.
The total public investment capital plan assigned in 2025—including the plan assigned by the Prime Minister, additional locally balanced capital, and capital carried over from previous years—exceeded VND 1,180,935.4 trillion. Of this total, ministries, central agencies and localities had allocated VND 1,105,961 trillion in detail to specific tasks and projects.
Excluding VND 208,833 trillion in additional locally balanced budget capital, the total capital allocated in detail reached more than VND 897,128 trillion, equivalent to 99.1 percent of the plan assigned by the Prime Minister. As a result, VND 8,353.6 trillion in central budget capital, accounting for 0.9 percent of the plan has yet to be allocated to projects.
The Ministry of Finance noted that 2025 is the final year of the 2021–2025 medium-term period, with the largest scale of public investment capital of the entire period, placing significant pressure on disbursement. In addition, increasingly complex natural disasters caused severe damage to lives and infrastructure, directly affecting the construction progress of many works and projects.
Although ministries, sectors and localities have made efforts to overcome difficulties and accelerate implementation, overall results have still fallen short of expectations.
According to statistics from the Ministry of Finance, compared to the national average, 16 ministries and central agencies and 17 localities met or exceeded the average disbursement rate. Conversely, 19 ministries and central agencies and 16 localities recorded disbursement rates below the average.
The Ministry of Finance observed that under the same legal framework and amid the reorganization of administrative structures and transformation of governance models, there remain significant differences in disbursement performance among ministries, sectors and localities. Those with strong results typically demonstrated decisive leadership, particularly the role of heads of agencies.
Many localities proactively established disbursement task forces led by Chairpersons or Vice Chairpersons of the People’s Committees, promptly identified bottlenecks in compensation and site clearance, and mobilized the entire political system to address obstacles directly at project sites.
Hai Phong News
