Six months into 2026, Vietnam had disbursed nearly 357 trillion VND of public investment, representing 35.5% of the planned total. Compared with the same period in 2025, disbursement rose by more than 38.3 trillion VND in absolute terms, but the share was lower by 0.5 percentage points. Excluding about 32.5 trillion VND of local budget savings allocated to the Lào Cai – Hà Nội – Hải Phòng railway project, the nationwide disbursement would be 36.7% of a total capital of more than 972 trillion VND. According to the Ministry of Finance, as of June 30, 2026, detailed allocations reached nearly 1 quadrillion VND; without counting the 14.7 trillion VND increase from local budget offsets, total detailed allocations stood at over 985 trillion VND, about 98.1% of the PM’s plan, including the 5% local savings for the railway project. As of end-June 2026, more than 19.3 trillion VND, or 1.9% of the PM’s plan, had not yet been allocated in detail to nine ministries and 26 localities.
The main bottlenecks include land clearance, a shortage of building materials, and the progress of key projects; price changes in fuel and transport costs have caused contract adjustments. In addition, land clearance remains a constraint, with issues around land origin, unit prices and compensation. Some implementers lack capacity and accountability; several communes lack staff responsible for public investment.
To accelerate disbursement in the remaining months, the government urges agencies to address obstacles and act promptly; ensure material supply. The Ministry of Construction is tasked with monitoring the market for construction materials and coordinating region-wide to ensure adequate supply. For major transport projects, authorities aim to raise disbursement in Q3 2026 above the national average. Efforts will continue to tighten discipline and accountability, and to review staffing to meet public investment management needs, especially in rural areas.
Detailed allocations reached nearly 1 quadrillion VND as of end-June 2026. Without counting the 14.7 trillion VND increase from local budget offsets, total detailed allocations stood at over 985 trillion VND, about 98.1% of the PM’s plan, including the 5% local savings for the railway project. As of end-June 2026, more than 19.3 trillion VND, or 1.9% of the PM’s plan, had not yet been allocated in detail to nine ministries and 26 localities. Excluding the 32.5 trillion VND local budget savings for the Lào Cai – Hà Nội – Hải Phòng railway project, disbursement would be 36.7% of total capital of more than 972 trillion VND.
The pace of disbursement is tied to several constraints that influence project progress. Resolving bottlenecks and ensuring a steady material supply could help raise the share disbursed in the remainder of 2026, particularly for major transport projects. The government emphasizes tightening discipline and accountability and reviewing staffing to meet public investment management needs, especially in rural areas.
Officials indicate that accelerating disbursement depends on overcoming land-clearance challenges, stabilizing prices for construction inputs, and improving project implementation capacity at local levels. With targeted actions to address supply gaps and strengthen oversight, the government seeks to exceed the current trajectory in Q3 2026 and move closer to the PM’s plan.
