Decisively Promoting the Disbursement of the 2026 Investment Capital Plan

On the morning of April 7, Mr. Tran Duy Dong — Alternate Member of the Party Central Committee, Deputy Secretary of the Provincial Party Committee, and Chairman of the Provincial People’s Committee — chaired a conference to review reports from departments, sectors, and Regional Project Management Boards on the status of public investment disbursement and investment preparation for projects scheduled to commence in 2026.

Chairman Tran Duy Dong delivers directing remarks at the conference.

According to the Department of Finance, as of March 31, 2026, the province’s outstanding advance balance yet to be recovered stands at over 12,213 billion VND, with the Hoa Binh area accounting for the largest share (over 8,100 billion VND). Notably, 384.938 billion VND was identified as overdue debt in the first quarter of 2026.

Regarding disbursement results, the total capital plan for 2026 is 21,934.940 billion VND. To date, 2,733.74 billion VND has been disbursed, reaching 12.5% of the total allocated plan and equivalent to 13.7% of the plan assigned by the Prime Minister.

Regarding investment preparation for new projects in 2026, out of 35 planned projects, only 16 have completed investment policy appraisals, 6 are currently under appraisal, and 13 are facing various obstacles.

Vice Chairmen of the Provincial People’s Committee and department leaders clarified the difficulties affecting progress, such as: sourcing fill dirt for construction, mitigating material price fluctuations, compensation and resettlement work, and procedures for approving investment policy proposals.

In his keynote address, Chairman of the Provincial People’s Committee Tran Duy Dong emphasized: "Public investment remains the primary engine driving the province’s economic growth." Consequently, the Regional Project Management Boards of Phu Tho, Hoa Binh, and Vinh Phuc must coordinate closely with relevant departments and localities to expedite the preparation, appraisal, and approval of investment policy proposals, while definitively resolving bottlenecks in compensation, support, and resettlement.

To ensure the progress of disbursement and payments for projects with allocated capital, the Chairman required investors to develop detailed implementation schedules and disbursement plans for each project. Specifically, for projects involving final settlements or advance recovery, disbursement must be completed before April 15, 2026. For completed projects, units are urged to finalize procedures for settlement appraisal and approval to ensure payment by April 30, 2026. Regarding ongoing projects, disbursement must reach 50% of the plan by June 30, 75% by September 30, and 100% by December 31, 2026.

Overview of the conference.

At the conference, the Chairman also decided to add 31 new investment projects for 2026 into the “Green Lane” priority mechanism. He demanded that departments expedite contractor selection for projects that have completed investment policy appraisals and focus on high-quality documentation to shorten appraisal times.

Furthermore, the Chairman required all agencies, investors, and project management boards to strictly comply with current regulations on capital advances. This includes reviewing advance payment clauses in signed and ongoing contracts—such as advance guarantees and recovery terms—to ensure that funds are managed strictly, efficiently, and used for the intended purposes as stipulated by law.

To enhance public investment efficiency, the Chairman held proposing agencies and project owners fully accountable to the Provincial People’s Committee for progress and disbursement rates. They are tasked with proactively reviewing the progress of each bidding package, expediting acceptance testing, and finalizing payment dossiers for the State Treasury immediately upon completion of work. Key focuses include resolving obstacles in site clearance, project adjustments, and cost estimation. Detailed monthly and quarterly disbursement plans must be established to ensure full capital utilization. In cases where projects are unable to fully disburse their allocated funds, timely reports must be submitted for capital reallocation according to regulations. Progress and disbursement reports must be submitted weekly to the coordinating agency.

The Chairman assigned the Department of Finance to lead the monitoring of the overall situation and propose capital transfers from slow-moving projects to those with higher absorption capacity. The State Treasury is directed to execute payment controls promptly, creating favorable conditions for investors. Specialized departments, including Construction, Agriculture, and Natural Resources & Environment, are urged to proactively guide and shorten the time for appraisal and processing of technical procedures.

Dinh Vu