In the context of a complex global economic environment, achieving high economic growth requires Vietnam to leverage its internal strengths and maximize its existing potential and advantages. Public investment is also a crucial factor for economic growth. In 2026, Vietnam will allocate the largest amount of public investment ever, accounting for nearly 35.5% of total state budget expenditure, an increase of over 30% compared to 2025. This represents a significant effort by the Party and the State to strengthen investment and infrastructure development to create conditions for accelerated socio-economic development.

According to the Ministry of Finance, the amount of state budget investment capital allocated by the Prime Minister for 2026 to ministries, central agencies, and localities is over 1,013 trillion VND, including over 363,216 billion VND from the central budget and over 650,226 billion VND from local budgets. The capital plan carried over from previous years to 2026 is 55,289.6 billion VND. By April 15th, ministries, central agencies, and localities had allocated and assigned detailed investment plans for 2026 to projects and tasks totaling over 976,538 billion VND.

Central and local ministries, agencies, and organizations have disbursed 2,676.5 billion VND of planned capital from the previous year carried over to 2026, reaching 5.8% of the plan. Disbursement of planned capital for 2026 reached over 127,390 billion VND, achieving 12.6% of the plan, including 34,803 billion VND from the central budget (9.6%) and 92,587.6 billion VND from the local budget (14.2%). According to Mr. Tran Quoc Phuong, Deputy Minister of Finance, 7 central ministries and agencies and 16 localities have disbursement rates equal to or higher than the national average. However, 16 central ministries and agencies have disbursement rates below 1%.

Improving the efficiency of public investment.

In Can Tho City, the total public investment plan for 2026, as allocated by the Prime Minister, is over 19,266 billion VND. By April 15th, the city had detailed the capital allocation plan for over 15,853 billion VND, of which over 6,940 billion VND had been allocated from the central government, reaching 100%. By April 22nd, the city had disbursed over 1,957 billion VND of the planned public investment capital. 

Mr. Truong Canh Tuyen, Chairman of the People's Committee of Can Tho City, said: To complete the task of disbursing 100% of the capital plan assigned by the Prime Minister, the city is focusing on implementing tasks and solutions decisively, flexibly, and effectively. This includes continuing to thoroughly understand and strictly implement the directives of the Party Committee of the Government, the Prime Minister, the guidance on resolving difficulties and obstacles from the Prime Minister's Task Forces; and the guidance of ministries and sectors on promoting public investment, determined to achieve the set goals. Focus is placed on key areas, especially resolving difficulties for national key projects in the area. The city requires investors to closely monitor project progress; contractors to increase machinery, equipment, and personnel to focus on construction, determined to accelerate project progress; and resolutely terminate contracts with contractors with weak capabilities…

According to many ministries, sectors, and localities, the implementation and disbursement of capital for many projects have been slow due to difficulties in the supply of construction materials and rising prices. Obstacles remain in land clearance, the organizational capacity of investors and contractors, and the arrangement and transfer of investors and project management boards. The allocation of capital and implementation of many new projects are also slow due to ongoing paperwork and procedures. In light of this, ministries, sectors, and localities are striving to overcome difficulties and implement a comprehensive set of solutions to accelerate the allocation and disbursement of public investment capital. Specifically, localities have intensified efforts to urge investors and contractors to expedite project implementation; strengthened on-site inspections of construction sites, promptly resolving difficulties and obstacles; and developed plans to ensure the supply of construction materials and proactively rotate and adjust capital for projects.

At the recent nationwide online conference on accelerating the allocation and disbursement of public investment capital in 2026, Prime Minister Le Minh Hung stated that the Government considers public investment a crucial political task not only for 2026 but also for the entire term. It is also a macroeconomic management tool of the Government, a key driving force for striving to achieve double-digit growth and develop a synchronous and modern infrastructure. The Government views public investment as a catalyst, activating and spreading investment throughout society, acting as "seed capital" to mobilize social resources to create projects with real and effective use. The Prime Minister emphasized that accelerating the disbursement of public investment capital must go hand in hand with ensuring project quality and improving capital utilization efficiency.