Ho Chi Minh City: Many Project Management Boards Disburse Funds Slowly

The Office of the Ho Chi Minh City People's Committee has just announced the conclusion of Vice Chairman of the Ho Chi Minh City People's Committee Bui Xuan Cuong at the recent working session on public investment disbursement.

Accordingly, by the end of July 24, 2025, the City had disbursed VND 47,554 billion, reaching 40% of the capital plan assigned by the Prime Minister and 31.4% of the capital plan the City had deployed.

In particular, the specialized project management boards under Ho Chi Minh City have good disbursement rates, higher than the city's average, including the Urban Railway Management Board (40.7%); the Management Board of Traffic Construction Investment Projects (39%); and the Management Board of Agriculture and Rural Development Projects of Binh Duong province (40%).

Ho Chi Minh City has disbursed 47,554 billion VND, reaching 40% of the capital plan assigned by the Prime Minister.

However, many Project Management Boards are still slow in disbursing, including: Ho Chi Minh City Urban Infrastructure Construction Investment Project Management Board (26%); Binh Duong Traffic Construction Investment Project Management Board (11.4%); Regional Traffic Project Management Board and Agricultural Sector in Ba Ria - Vung Tau (20.5%); Specialized Project Management Board of 2 Traffic and Civil Sectors in Ba Ria - Vung Tau (30.1%); Binh Duong Wastewater Project Management Board (7.1%)) are still slow in disbursing compared to the average disbursement rate of Ho Chi Minh City.

To ensure the disbursement rate reaches 100% by the end of the year, the Vice Chairman of the Ho Chi Minh City People's Committee requested departments, localities, and special zones to focus on completing disbursement according to commitments, especially for 17 large projects that have registered progress; urgently review and update the monthly disbursement plan, ensuring sufficient capital to complete projects this year or on schedule according to the medium-term plan.

The city is also considering allocating more than VND4,500 billion in reserve capital to 24 projects approved by the Ho Chi Minh City People's Council and projects preparing for investment in 2025.

In addition, the Ho Chi Minh City People's Committee assigned the Department of Construction to urgently compile a list of key projects for the 2026 - 2030 period such as: Can Gio bridge, Thu Thiem 4 bridge, Thoi An - Thanh Xuan inter-ward road, Cat Lai - Phu Huu port connection road, etc.

Source: https://baodautu.vn/tphcm-hang-loat-ban-quan-ly-du-an-giai-ngan-cham-d352846.html