Government to accelerate allocation and disbursement of public investment capital.

The Prime Minister has instructed ministries, sectors, and localities to tighten discipline and administrative order in the allocation and disbursement of public investment capital in 2026, with the aim of completing 100% of the year’s plan. The directive comes as some agencies are disbursing below the national average.

Deputy Prime Minister Nguyen Van Thanh signed Document No. 401/TTg-KTTH on January 13, 2026, conveying the Prime Minister’s requirement to accelerate the allocation and disbursement of public investment capital in 2026.

Disbursement status and gaps

According to the Ministry of Finance, by March 31, 2026, disbursement had reached 11% of the capital plan assigned by the Prime Minister. This figure is higher than the same period in 2025 by 1.2 percentage points, equivalent to an absolute increase of about VND 29,981.4 billion.

However, the Ministry of Finance reported that 14 ministries/agencies and 22 localities had not yet fully allocated detailed plans. In addition, 28 ministries/agencies and 18 localities recorded disbursement rates below the national average.

Prime Minister’s assessment of causes

The Prime Minister said the main reason for slow disbursement is primarily subjective, including lax discipline and weak administrative order. The Prime Minister also noted that leadership roles have not been fully exercised, while investment preparation work in many places remains rudimentary.

In some localities, the Prime Minister pointed to slow land clearance and resettlement, along with insufficient decisive action, leading to situations where funds are available but eligible projects are not ready for allocation.

Requirements to reach 100% disbursement in 2026

To achieve the goal of disbursing 100% of public investment capital in 2026 and support the two-digit growth target, the Prime Minister required ministers, heads of central agencies, and chairs of provincial and city People’s Committees to treat public investment disbursement as a top political task and a key criterion in evaluating the performance of collectives and individuals.

Agencies and localities are required to:

• Assign leadership and responsible officials for each project.
• Link individual accountability to project progress.
• Develop detailed disbursement plans on a weekly, monthly, and quarterly basis.
• Strengthen inspection and supervision and promptly resolve difficulties as they arise.
• Promptly allocate remaining unallocated capital.
• Regularly review projects and classify them by disbursement level to reallocate funds from slow projects to those with better disbursement prospects.
• If funds are not used, report the reasons to the Ministry of Finance and the Prime Minister by April 20, 2026.

Improving preparation and tightening accountability

The Prime Minister also requested improvements in investment preparation quality and an end to the practice of “capital waiting for projects.” The directive further calls for stricter discipline in allocation and disbursement, including strict handling of investors, project management boards, organizations, and individuals that cause bottlenecks, delays, or show signs of corruption.

Weak and irresponsible officials are to be promptly replaced.

Ministry of Finance and policy support

The Ministry of Finance is tasked with leading, in coordination with relevant ministries and localities, to review and consolidate information and submit to competent authorities in May 2026 a plan to reallocate funds from units with no demand to those needing additional capital. The Ministry of Finance is also required to propose handling for central budget funds that have been allocated but not yet detailed.

Agencies managing national target programs must promptly finalize the legal framework and remove impediments to accelerate disbursement. Ministries and ministerial-level agencies are instructed to continue reviewing, amending, and supplementing policies related to public investment to facilitate project implementation, ensure progress, and improve the efficiency of state capital use.