On May 20, Prime Minister Phạm Minh Chính chaired an online conference to promote the momentum for public investment growth in 2025.
Permanent Vice Chairman of the Provincial People's Committee, Trần Hoàng Tuấn, and leaders of relevant departments and sectors attended the conference at the Quảng Ngãi bridge point.
Scene at the Quảng Ngãi bridge point
Reported by the Ministry of Finance, in 2025, the total state budget capital approved by the National Assembly is more than VNĐ 829,365 billion, of which more than VNĐ 825,922 billion has been allocated to ministries, central and local agencies. Unallocated capital is 3,433 billion VND for three national target programs.
Pursuant to the provisions of the Law on Public Investment and the Resolution of the National Assembly, the Prime Minister has assigned 100 per cent of the 2025 capital plan allocated by the National Assembly.
By April 30, 2025, ministries, central and local agencies had allocated and assigned detailed 2025 capital investment plans for the tasks and projects of more than VNĐ 817,968 billion, reaching 99 per cent of the plan assigned by the Prime Minister.
The estimated payment from the beginning of the year to April 30, 2025, is VNĐ 128,500 billion, reaching 15.56 per cent of the plan, higher than the same period in 2024.
Disbursement of central budget capital, local budget capital, and capital of three national target programs reached 13.33 per cent, 17.20 per cent, and 21.43 per cent of the plans, respectively.
At the conference, ministries, central and local agencies reported on the progress of public investment disbursement and presented difficulties and problems related to the legal basis arising during the implementation organization due to merger of administrative units, arrangement of administrative apparatus, bidding work, and ODA capital processes and procedures.
In Quảng Ngãi, as of April 30, 2025, the whole province had disbursed VNĐ 758 billion of public investment capital, reaching 14.2 per cent of the assigned capital plan.
It is estimated that by May 31, 2025, the disbursement will be more than VNĐ 1,433 billion, reaching 26.9 per cent of the assigned capital plan.
Prime Minister Phạm Minh Chính acknowledged and highly appreciated the results of ministries, sectors, and localities with high rates of public investment disbursement.
To achieve the target of 100 per cent of public investment disbursement by 2025, the Prime Minister emphasized the key role of leaders in leadership and direction from the central to local levels, promoting decentralization and delegation of authority associated with resource allocation according to the principles.
The Prime Minister requested the participation of the entire political system in the site clearance work. In particular, during the site clearance process, localities must pay attention to the legitimate and legal rights and interests of the people.
At the same time, leaders of Party committees and authorities at all levels, cadres and Party members are required to continue to review and propose amendments to institutions and policies, remove obstacles, especially laws related to the budget and bidding, and remove "bottlenecks" to promote disbursement of public investment capital in the coming time.
Minh Thiện
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