The Government of Vietnam has issued a new directive aimed at significantly accelerating the disbursement of public investment capital throughout the remaining months of 2025. The directive places a strong and direct emphasis on the personal accountability of the heads of ministries, government sectors, and local authorities for achieving targeted disbursement rates.
Addressing Key Economic Bottlenecks
The move comes as the government seeks to bolster economic growth and ensure the timely completion of critical national projects. Public investment is a primary driver of Vietnam's economy, funding essential infrastructure development in transportation, energy, healthcare, and digital transformation.
However, the pace of capital disbursement has historically faced challenges, often hindered by administrative bottlenecks, delays in site clearance, and complex regulatory procedures. This new directive is a decisive measure to address these long-standing issues and inject a much-needed stimulus into the economy in the year's final quarter.
A Focus on Direct Responsibility
A central feature of the directive is its focus on leadership responsibility. According to the announcement, the heads of ministries, sectors, and localities will be held directly accountable for the disbursement performance within their respective jurisdictions.
This policy shift means that the evaluation of a leader's performance will be closely tied to their ability to effectively and efficiently allocate and utilize public funds. They are tasked with:
- Proactively identifying and resolving obstacles that impede project progress.
- Streamlining administrative processes to speed up capital allocation to specific projects.
- Conducting regular inspections and oversight to ensure projects remain on schedule and within budget.
By making this a matter of personal responsibility, the government aims to foster a more proactive and results-oriented approach, discouraging the passing of blame and encouraging swift problem-solving.
Expected Economic Impact
By fast-tracking the flow of public investment, the government anticipates several positive economic outcomes. An accelerated disbursement rate is expected to boost aggregate demand, stimulate related industries such as construction and manufacturing, create more jobs, and contribute significantly to achieving the national GDP growth target for 2025.
The successful implementation of this directive is seen as crucial for completing key infrastructure projects that will enhance Vietnam's long-term economic competitiveness and improve the quality of life for its citizens. All relevant agencies are now tasked with formulating and executing concrete action plans to meet the directive's urgent requirements.
