Recently, the disbursement of public investment capital in Phu Tho province has recorded many positive results. Up to now, the disbursement rate has reached over 46.7%, exceeding the national average.
Phu Tho is accelerating public investment capital disbursement
Determined to accelerate public investment disbursement
2025 is the final year of the medium-term public investment plan for the period 2021 to 2025, so Phu Tho province is determined to accelerate progress, aiming to be among the top 10 localities nationwide.
The total state budget capital plan for 2025 of Phu Tho is more than VND29,671 billion, of which the capital source allocated by the Prime Minister accounts for nearly VND18,691 billion. By the end of July 2025, the province had disbursed nearly VND13,864 billion, equal to 74.2% of the central capital plan and 46.7% of the total planned capital. According to preliminary statistics, the province has so far approved the final settlement of 255 projects with a total value of nearly VND8,850 billion. In addition, 40 other projects have submitted documents for review and 125 projects are in the process of completing procedures.
As the unit in charge of site clearance, compensation, support, and resettlement for 226 public investment projects (including two national key projects: the 500kV Lao Cai-Vinh Yen line and the Lao Cai-Hanoi-Hai Phong railway), the Phu Tho Provincial Land Fund Development Center has recently focused resources to ensure effective site clearance for construction units. Director of the Center Nguyen Quoc Tuan said: "Identifying site clearance as one of the key steps to accelerating the disbursement of public investment capital, the center has coordinated closely with communes and wards where the projects are implemented, proactively reviewing and completing documents, carrying out communication and mobilization, and ensuring the timely handover of cleared sites to construction units."
At the same time, mechanisms and policies are implemented transparently, consistently, and fairly; the processes of inventory, pricing, planning and public disclosure, approval, and payment of compensation, support, and resettlement funds are carried out in accordance with regulations, creating consensus and trust among the people.
Removing difficulties for public investment disbursement
However, in actual implementation, in some projects, there are still cases where people disagree with the compensation plan; compensation land prices are not close to market levels; support policies are inappropriate; and resettlement land funds are lacking, leading to delays.
According to the Phu Tho Regional Project Management Board, the construction progress of some projects remains slow due to many objective reasons, such as fluctuations in prices and supply of construction materials, rising costs of land, stone, and sand, limited material sources, and procedures for transferring land from projects with excess land often taking more than three months, causing delays and even preventing some projects from being implemented. In particular, in the medium-term public investment plan for the period 2026 to 2030, the demand for land filling is very large, and if not resolved, it will continue to create difficulties for the public investment sector.
Identifying 2025 as the "sprint" year, on August 8, the People's Committee of Phu Tho province issued Directive No. 6/CT-CTUBND on accelerating the disbursement of public investment capital. The goal is to disburse 100% of the capital allocated by the Central Government and more than 95% of the capital allocated by the province. To achieve this target, the province is focusing on synchronously implementing groups of solutions, strictly enforcing discipline and order in public investment, preventing outstanding debts in basic construction, and thoroughly handling overdue advances. In addition, the province has established special working groups headed by Vice Chairmen of the Provincial People's Committee to directly urge progress and resolve difficulties for each major project.
At a recent working session on public investment disbursement, Chairman of the Phu Tho Provincial People’s Committee Tran Duy Dong requested departments, agencies, units, and localities to strictly enforce bidding procedures and hold leaders accountable for disbursement results. He stressed that investors must treat progress and capital disbursement as key measures of their capacity and work efficiency.
Tran Duy Dong also emphasized that developing the medium-term public investment plan for 2026-2030 is a critical task, serving as a strategic breakthrough for socio-economic development over the next five years and acting as a driving force to achieve the province’s goal of double-digit economic growth.
By Huong Hau, Vietnam Business Forum
Vietnamese
