Public Investment Disbursement: A Key Driver of Ho Chi Minh City’s Economic Growth
The People’s Committee of Ho Chi Minh City has recently issued a plan to implement Decision No. 1544/QĐ-TTg dated July 16, 2025 by the Prime Minister, regarding the establishment of task forces to urge and resolve difficulties and obstacles in areas such as business production, import-export, infrastructure development, economic growth promotion, and the acceleration of public investment disbursement.
Accordingly, the City People’s Committee has requested that heads of departments, agencies, and sectors urgently, seriously, and effectively carry out the contents of Decision 1544/QĐ-TTg. The implementation must be organized in a synchronous, decisive, and focused manner, while ensuring close and coordinated cooperation among relevant units.
The plan also emphasizes the need to create a significant shift in awareness and action, aiming for a proactive approach to removing obstacles, promoting business activities, boosting import-export, infrastructure development, and accelerating public investment disbursement. This is considered a key solution to help Ho Chi Minh City achieve its established economic growth goals.
Under Decision 1544/QĐ-TTg, signed by Prime Minister Pham Minh Chinh on July 16, 2025, eight task forces will be established, each led by a member of the Government leadership. These task forces are assigned to monitor and resolve challenges across multiple areas, including business production, import-export, infrastructure development, social housing, national target programs, and particularly the disbursement of public investment at central and local government levels. The stated objective is to achieve and exceed an economic growth rate of over 8% in 2025, aiming for double-digit growth in the following years.
The composition of these task forces includes: a Deputy Head from the Ministry of Finance, and members from the Ministry of Construction, Ministry of Agriculture and Rural Development, Ministry of Natural Resources and Environment, Ministry of Industry and Trade, Ministry of Justice, the Government Office, and other relevant agencies. The specific list of members will be decided by each Task Force Leader.
The Ministry of Finance is assigned as the standing agency, responsible for assisting the task force leaders in preparing reports, summarizing outcomes, and making recommendations to the Government at regular meetings.
On a monthly basis, based on disbursement data, the Ministry of Finance will publicly disclose the list of ministries, agencies, and localities whose disbursement rates fall below the national average on the National Public Investment Information System and the Ministry of Finance’s official portal. Additionally, relevant units must submit written reports to the Ministry of Finance and the Government Office.
Financial Results (First 8 Months of 2025):s
- Total State budget revenue in Ho Chi Minh City reached VND 524.234 trillion, equivalent to 78.1% of the target assigned by the Central Government, up 15.5% compared to the same period in 2024.
- Local budget expenditure totaled VND 111.541 trillion, equivalent to 39.5% of the annual budget estimate.
As of August 29, 2025, the City had disbursed VND 51.533 trillion, equal to 43.3% of the capital plan assigned by the Prime Minister and 34.0% of the City’s implementation plan. Of this amount:
- Central budget capital disbursed: VND 6.711 trillion (43.9% of the assigned plan)
- Local budget capital disbursed: VND 44.822 trillion (43.2% of the assigned plan)
Source of reference:
https://thuvienphapluat.vn/
https://vneconomy.vn/