Resolutely accelerating the disbursement of public investment capital

Recognizing public investment disbursement as a critical political task, Phu Tho province has been implementing comprehensive solutions with the highest determination to promote the effective allocation of public investment capital. These efforts are intended to contribute significantly to fulfilling the province’s socio-economic development goals.

Construction work is underway on the branch road connecting the main route to Cam Khe Industrial Park, a component of the inter-regional traffic project linking Ho Chi Minh Road with National Highway 70B and National Highway 32C from Phu Tho to Yen Bai.

In 2025, the Prime Minister assigned VND 2,996.8 billion in public investment capital to Phu Tho. The province has made detailed allocations in line with current regulations. Since the beginning of the year, the Provincial People’s Committee has issued numerous directives urging departments and localities to expedite disbursement, with the ultimate goal of achieving a 100% disbursement rate as required by the Prime Minister. Local authorities have taken proactive measures to accelerate the implementation and disbursement of public investment projects.

To ensure progress, Phu Tho has established a dedicated working group for public investment disbursement, led by the Chairman of the Provincial People’s Committee. The province has intensified field inspections and supervision, instructed contractors and consulting units to accelerate construction schedules, and formulated monthly and quarterly disbursement plans for each project. At the same time, the province is reviewing and considering the reallocation of capital from slow-moving projects to those with higher implementation capacity and urgent capital needs.

As of May 31, 2025, it is estimated that Phu Tho has disbursed approximately VND 1,645 billion, equivalent to 54.9% of the capital plan assigned by the Prime Minister—placing the province among the top five nationwide in terms of disbursement performance.

Despite these efforts, several challenges remain. Increases in the prices of key construction materials have affected the progress of major projects. Delays in site clearance and compensation continue to hinder implementation, often due to legal complexities in land records and public concerns over compensation rates and resettlement policies. In some cases, the response and coordination by project investors to resolve obstacles and speed up disbursement have been insufficient and ineffective.

To meet its targets, the province requires all levels of government, sectors, and investors to enhance their sense of responsibility and enforce administrative discipline. The Department of Finance has advised localities to allocate appropriate resources and personnel to focus on compensation, support, and resettlement, particularly for key projects. Investors assigned capital in 2025 must urgently coordinate to execute works and ensure adequate conditions for new constructions while accelerating progress on ongoing projects. Consulting units and contractors that fail to meet requirements will be subject to strict disciplinary measures.

At the June meeting of the Provincial People’s Committee, Mr. Bui Van Quang, Deputy Secretary of the Provincial Party Committee and Chairman of the Provincial People’s Committee, instructed relevant departments and sectors to intensify oversight and strive to disburse 100% of the 2025 capital plan. He emphasized the need to promote the effectiveness of the Special Working Group on Public Investment Disbursement and review all provincial-level programs and projects that could be completed before August 30, 2025. Investors and contractors must strictly follow assigned schedules and plans.

He also directed the smooth handover of responsibilities to new investors and project management boards following the administrative unit reorganization. This process must avoid disruptions in project execution and ensure that quality, progress, and efficiency in the use of public capital are maintained. Difficulties related to compensation, site clearance, and resettlement must be resolved decisively, ensuring that land is handed over in a timely and sufficient manner to contractors for on-schedule construction.

Trinh Ha