Speed up the allocation and disbursement of public investment capital for 2025

In 2025, the total public investment capital to be implemented in Son La Province is estimated at VND 6,599.735 billion. Of this amount, VND 297.161 billion is carried over from the 2024 capital plan, and VND 6,302.574 billion is allocated for 2025. On February 17, 2025, the Son La Provincial People’s Committee issued Directive No. 05 outlining tasks and solutions to accelerate the implementation and disbursement of public investment capital in 2025. The directive sets out specific targets: in the first quarter, the province aims to disburse over VND 728 billion, equivalent to 11.05% of the assigned capital plan. By June 30, disbursement is expected to exceed 50%; by September 30, over 60%; and by December 31, the province strives to reach over 95%. Notably, the capital carried over from 2024 is expected to be fully disbursed by year-end. By January 31, 2026, Son La aims to complete 100% disbursement of the 2025 capital plan.

Thanks to the strong engagement of all levels and sectors, along with the implementation of synchronized solutions, the total disbursed public investment capital as of April 23, 2025, reached VND 600.548 billion — equivalent to 9.10% of the total assigned capital plan and 10.60% of the detailed allocated capital.

In order to fulfill the target of disbursing 100% of the 2025 public investment capital from the state budget as assigned by the Prime Minister — thereby contributing to achieving the 2025 economic growth goal of 8% — the Chairman of the Provincial People's Committee has requested departments, agencies, and the People’s Committees of districts, cities, and towns to take decisive action in the allocation and acceleration of disbursement of the assigned state budget public investment capital for 2025.

It is imperative to thoroughly grasp and clearly define the acceleration of the 2025 public investment capital disbursement plan as one of the top political priorities. This task must be the focus of leadership, direction, and implementation at all levels and across all sectors. Heads of agencies, units, and localities are fully accountable to the Provincial People’s Committee and its Chairman for the results of the allocation and disbursement of public investment capital in 2025.Leaders must uphold a strong sense of responsibility, closely monitor and manage their assigned tasks, stay well-informed about the situation, clearly identify obstacles and the causes of delays for each specific project, and directly lead timely resolution efforts within their authority. Any issues beyond their jurisdiction must be promptly reported to the competent authorities.

Urgently allocate the detailed 2025 public investment capital plan, ensuring focus and prioritization without spreading resources thin, aligned with implementation and disbursement capacity, and in accordance with legal regulations. Concentrate on applying flexible, innovative, timely, effective, and decisive solutions and measures; accelerate the progress of key works and projects, expressways, inter-regional projects with widespread impact, while ensuring the quality of construction and projects, and preventing any misconduct, losses, waste, or legal violations.

Develop detailed disbursement plans for each individual project and strictly adhere to monthly and quarterly disbursement schedules. Focus on accelerating site clearance, construction progress, and resolving difficulties related to land, natural resources, and other obstacles. Strengthen on-site inspection and supervision efforts; urge contractors and consultants to expedite implementation. Proactively review and reallocate capital—within the authorized scope—from slow-disbursing projects to those with better disbursement capacity and capital shortfalls, in accordance with regulations.

Implement a clear mechanism for assignment, decentralization, responsibility delegation, and coordination regarding authority and accountability among agencies and units involved in public investment projects, following the principle of “6 clarities”: clear person, clear task, clear responsibility, clear authority, clear timeline, and clear results. Strengthen discipline and order in the disbursement of public investment capital; strictly enforce penalties according to regulations against investors, project management boards, organizations, or individuals who deliberately delay capital allocation, implementation, and disbursement. Take firm action against misconduct, corruption, and waste in public investment projects.

The People’s Committees of districts, cities, and towns are instructed to accelerate local revenue collection, especially land use fees, to ensure timely allocation of the assigned public investment capital plans.

Hong Le

Translated by Huyen Vu