Reallocating public investment funds to accelerate disbursement

Reallocating funds to projects in need

Under Resolution No. 51/NQ-HDND dated October 29, 2026, the Hai Phong People's Council adjusted the 2026 public investment plan based on a review of the need, implementation progress and disbursement capacity of each project.

Notably, in this round of adjustments, the city allocated more than VND 163 billion in additional funding to city-managed projects from a pool of more than VND 958 billion in additional capital. In addition, VND 112.459 billion was cut from projects that no longer needed the funds or were unlikely to disburse their full allocations within the year. This amount was then reallocated to projects with completed work volumes, additional funding needs and disbursement capacity.

According to the Department of Finance, timely adjustments to funding plans across projects help prevent capital from remaining idle in projects unable to disburse it, while providing additional resources for projects with completed work and payment needs.

For local authorities, this is also a way to redirect funds no longer needed for one project to others that require additional capital and have the capacity to disburse it, thereby helping accelerate the implementation of public investment plans.

For example, Ninh Giang Commune reported that its 2026 public investment plan totaled VND 169.6 billion, allocated to 29 projects. During the process of finalizing settlement documents for projects funded by the city budget, the commune identified approximately VND 37.1 billion in 2026 funding that needed to be cut. These included the project to improve and upgrade Dai Phu Giang and T6 canals of Hiep Le Pumping Station. The city's decision to reduce funding for this project is consistent with its implementation progress and actual capital needs, helping address one of the factors affecting the locality's public investment disbursement progress.

Reviewing progress and proposing timely adjustments

Following the fifth round of adjustments and additional allocations, Hai Phong's total public investment plan for 2026 stands at more than VND 45.0933 trillion. Of this amount, VND 24.4258 trillion has been allocated to city-managed projects, accounting for more than 55% of the city's total 2026 plan.

The city requires local authorities and project owners to not only accelerate site clearance and construction but also assess the implementation progress, completed work volumes and payment needs of each project. They must promptly report to competent authorities and propose funding adjustments for projects that are no longer capable of disbursing their allocations.

For projects requiring additional funding, authorities must clearly identify the volume of work completed, the capacity to complete and settle payments within the year, and avoid requesting additional funds that cannot be fully utilized.

In line with the city's direction, local authorities have proactively reviewed the progress and assessed the disbursement capacity of each project to timely propose adjustments to their funding plans.

An Bien Ward is one example. In 2026, the ward was assigned VND 150.836 billion by the city to serve as the investor of nine projects. By October 30, 2026, VND 105.293 billion had been disbursed, equivalent to 69.81% of the plan.

After reviewing the projects, the ward identified five that would not be able to disburse their full 2026 allocations, leaving a combined surplus of more than VND 9.8 billion. Meanwhile, the project to improve and upgrade sidewalks and the stone embankment along the Ha Ly Canal on Lan Be Street, from An Duong Bridge to An Dong Bridge, had disbursed 100% of its allocated funds by October 30, 2026. It needed more than VND 9.8 billion in additional funding to pay for completed construction package work. Based on this situation, the Ward People's Committee proposed reallocating funds from the five projects unable to fully disburse their allocations to this project.

An Bien Ward is not alone. Many other localities are also closely monitoring the plans and progress of individual projects to assess their disbursement capacity and propose appropriate funding adjustments.

HA MINH