HCMC seeks solutions to the situation of excess public investment capital but difficult to disburse
Ho Chi Minh City has only disbursed about 70% of public investment capital, the situation of "excess capital but cannot be disbursed" is something to consider.
The above issue was raised by Chairman of the Ho Chi Minh City People's Committee Nguyen Van Duoc at the conference to summarize the implementation of socio-economic development tasks in 2025, and at the same time disseminate and deploy tasks in 2026, held on the afternoon of January 6.
Mr. Nguyen Van Duoc said that the city's GRDP growth reached 8.03% if not including crude oil and 7.53% if including crude oil. The investment environment is increasingly attractive, attracting many large domestic and foreign investors to learn about and implement projects.
Notably, not only attracting new capital flows, investors operating in Ho Chi Minh City continue to expand production, business and reap many successes. This contributes to strengthening the business community's confidence in the city's development prospects.
In addition, security and order continue to be maintained. "2025 is a year of great peace for people and tourists, creating favorable conditions for sightseeing, business, and living in Ho Chi Minh City" - Chairman of the Ho Chi Minh City People's Committee emphasized.
Despite many positive results, the Chairman of the Ho Chi Minh City People's Committee frankly pointed out the shortcomings and limitations that the city needs to focus on overcoming. Of which, there are four major issues that General Secretary To Lam had pointed out earlier, including: Environmental pollution, flooding, traffic jams and drug crimes.
In particular, the slow disbursement of public investment continues to be a "bottleneck" that has lasted for many years. According to Mr. Nguyen Van Duoc, although the disbursement results have improved compared to before, they have not yet met the requirements.
After the merger, the Government assigned Ho Chi Minh City a public investment capital plan of nearly VND 119,000 billion. To date, Ho Chi Minh City has disbursed more than VND83,000 billion (equivalent to 70%).
"We set a disbursement target of 100% by the end of the year, but in reality it is only about 70%. This result was better, but did not meet the requirements. If public investment disbursement is better, Ho Chi Minh City's growth rate will not stop at 8.03% but can be higher" - Chairman of Ho Chi Minh City People's Committee said.
Mr. Nguyen Van Duoc acknowledged that "excess capital but disbursement cannot be done" is something worth thinking about. One of the main reasons is the slow site clearance work, directly affecting the project implementation progress.
"This requires us to think and find fundamental solutions to speed up site clearance and public investment in the coming time" - Mr. Nguyen Van Duoc emphasized.
Entering 2026, the Chairman of the Ho Chi Minh City People's Committee said this is a pivotal year, of great significance to the city to create strong development momentum, towards the double-digit growth target, from 10 - 11%.
According to Mr. Nguyen Van Duoc, Ho Chi Minh City will deploy a series of large-scale projects and works, turning the city into a "big construction site" in the coming time.
This requires determination, determination and synchronous coordination of the entire political system so that the projects can be implemented on schedule and soon promote efficiency.
In addition, Ho Chi Minh City needs to effectively implement Resolution 260 of the National Assembly on amending and supplementing Resolution 98. The Central Government strongly supports Ho Chi Minh City, so the city must implement it as quickly as possible so that the resolution can soon come into life - Chairman of the Ho Chi Minh City Peoples Committee emphasized.
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