Dong Nai races to disburse VND1.6 trillion in public investment capital by end-May

On May 22, Vice Chairman of Dong Nai City People’s Committee Ho Van Ha chaired a working session held both in person and online with departments, sectors, project investors and local authorities across the city to review progress in the disbursement of 2026 public investment capital.

Vice Chairman of Dong Nai City People’s Committee Ho Van Ha speaks at the working session. Photo: Pham Tung

According to the Department of Finance (DoF), Dong Nai City’s total state budget-funded public investment plan for 2026 exceeds VND27 trillion. Following the mandatory 5% deduction in public investment expenditure savings remitted to the Central government, the City’s remaining public investment allocation stands at more than VND25.8 trillion. Of this amount, over VND6.1 trillion was assigned by commune-level authorities, while more than VND19.7 trillion was directly allocated by the city administration.

As of May 21, 2026, Dong Nai had disbursed more than VND6.2 trillion in public investment capital, equivalent to nearly 23% of the annual plan. Based on the adjusted capital level after the mandatory 5% deduction, the city’s public investment disbursement rate exceeded 24% of the planned target.

Given these results, the DoF acknowledged that Dong Nai failed to meet its target of achieving a 30% disbursement rate for the 2026 public investment plan by May 15.

A representative of the Department of Agriculture and Environment speaks at the working session. Photo: Pham Tung

Addressing the meeting, Vice Chairman Ho Van Ha said that although public investment disbursement had shown signs of improvement, overall results remained below expectations and had yet to meet the targets set.

Reaffirming the targets of reaching a 30% disbursement rate by the end of May and 50% by the end of June, Vice Chairman Ho Van Ha instructed departments, sectors, project investors and local authorities to give top priority to public investment disbursement. He called for a shift in working approach from a focus on procedures to a focus on outcomes, with tangible results serving as the key benchmark for performance evaluation.

To achieve the goal of disbursing 30% of the 2026 public investment plan by the end of May, Dong Nai must release an additional VND1.6 trillion, equivalent to roughly VND220–230 billion per day over the remaining period. Vice Chairman Ho Van Ha also assigned the Department of Home Affairs to conduct inspections and performance reviews of project investors and local authorities after May 30.

By P.Tung – Translated by M.Nguyet, Thu Ha