Post by : Shakul

Vietnam has issued strong directives to accelerate the allocation and disbursement of public investment capital in 2026, aiming to boost economic growth and ensure efficient use of state funds. The move follows official instructions signed by Deputy Prime Minister Nguyen Van Thang.

Government data shows that by March 31, 2026, only 11% of the planned public investment funds had been disbursed. Although this is slightly higher than the same period in 2025, several ministries, central agencies, and local authorities are still lagging behind in both allocation and spending.

Authorities identified key reasons for the slow progress, including weak administrative discipline, lack of decisive leadership, and delays in project preparation. In some cases, funds were available but projects were not ready due to incomplete planning or legal procedures.

To address these issues, the government has instructed all relevant bodies to prepare detailed disbursement schedules for each project on a weekly, monthly, quarterly, and annual basis. This step aims to improve monitoring, accountability, and execution speed.

Officials have also been assigned specific responsibilities for each project to ensure accountability. The government emphasized that public investment disbursement is a top political priority and a key benchmark for evaluating performance across institutions.

Additionally, authorities have been directed to reallocate funds from slow-performing projects to those showing better progress and higher demand. Immediate reporting is required for projects unable to utilize allocated funds, with strict deadlines set for compliance.

The government also stressed improving project quality, enforcing stricter discipline, and rewarding efficient performance. At the same time, strict action will be taken against delays, inefficiency, or corruption, including replacing underperforming officials to ensure successful implementation of investment plans.

#Asia News #Global #Economy #Policy