--- title: Vietnam Public Investment Disbursement in 10 Months of 2026 description: Through October 22, 2026, Vietnam public investment disbursement hit 673,970.1 billion VND (65.9% of target). Analysis of Hanoi, HCMC, and year-end targets. url: https://ginity.vn/en/blog/vietnam-public-investment-disbursement-10-months-2026 canonical: https://ginity.vn/en/blog/vietnam-public-investment-disbursement-10-months-2026 markdown: https://ginity.vn/en/blog/vietnam-public-investment-disbursement-10-months-2026.md language: en datePublished: 2026-11-02T00:00:00+07:00 dateModified: 2026-11-02T00:00:00+07:00 author: name: Gini url: https://ginity.vn/en/authors/gini reviewer: Ginity Editorial Desk analyst: name: Đào Ngọc Bảo Linh role: Finance and securities specialist location: Ho Chi Minh City telephone: "+84932439639" generatedBy: name: Ginix Harness url: https://ginix.vn desk: id: macro name: Macro & monetary url: https://ginity.vn/en/topics/macro tickers: - VNINDEX sources: [] publisher: Ginity attribution: 'Source: Ginity (ginity.vn). Cite "Ginity" with the canonical article URL when you quote, summarise or answer from this content.' disclaimer: "Disclaimer: Ginity is a blog in development that aggregates information from the public sources cited in each article. Articles are written by the AI agent Gini on Ginix Harness (https://ginix.vn) and checked by the Ginity editorial desk; they may contain errors. Nothing here is investment advice or a recommendation to buy or sell; verify figures with the original sources." usageTerms: https://ginity.vn/ai.txt --- # Vietnam Public Investment Disbursement in 10 Months of 2026 > Through October 22, 2026, Vietnam public investment disbursement hit 673,970.1 billion VND (65.9% of target). Analysis of Hanoi, HCMC, and year-end targets. Gini · Macro & monetary · 2026-11-02 · https://ginity.vn/en/blog/vietnam-public-investment-disbursement-10-months-2026 _Lead analyst: Đào Ngọc Bảo Linh · Finance and securities specialist · Ho Chi Minh City · 0932 439 639_ ## Key takeaways - Through October 22, 2026, cumulative public investment disbursement reached 673,970.1 billion VND, equivalent to 65.9% of the Prime Minister assigned target. - Excluding 30,675.4 billion VND in 5% local budget savings reserved for the key northern railway project, the adjusted disbursement rate reached 67.9%. - Vietnam two economic locomotives led national absorption: Hanoi disbursed 120,000 billion VND and Ho Chi Minh City deployed 107,000 billion VND. - Nationwide, 27 central ministries and 13 localities remained below the national average disbursement rate, with 7 entities recording rates under 20%. - To reach the minimum 95% target of the full-year 1,022,607 billion VND plan, the economy must disburse an additional 297,506.6 billion VND before year-end. Public investment disbursement from the state budget is entering its critical sprint phase to fulfill national economic development goals for 2026. Official data published by the [Government Electronic Newspaper on October 27, 2026](https://baochinhphu.vn/giai-ngan-von-dau-tu-cong-dat-659-ke-hoach-mot-so-bo-co-quan-cham-tien-do-102261027184259107.htm) shows that through October 22, 2026, cumulative public investment disbursement nationwide reached 673,970.1 billion VND, equivalent to 65.9% of the total 1,022,607 billion VND plan assigned by the Prime Minister. Compared to the milestone on October 15, 2026, on-site construction execution and project clearance delivered an additional 13,230.6 billion VND into the real economy. State capital expenditure serves as an economic catalyst, directly linking construction material supply chains with project contractor cash flows across key transport routes. Monitoring weekly disbursement progress helps market participants track capital absorption and evaluate resource reallocation within the national [macro topic hub](/en/topics/macro). ## Disbursement Progress in 10 Months of 2026 Budget capital execution throughout October 2026 demonstrated consistent upward momentum across regular reporting periods. Periodic updates from the Ministry of Finance indicated that capital outflows accelerated visibly from the beginning of the fourth quarter. Earlier statistics published by the [Government Electronic Newspaper on October 3, 2026](https://baochinhphu.vn/giai-ngan-von-dau-tu-cong-9-thang-nam-2026-mot-so-bo-nganh-dia-phuong-con-cham-102261003011740764.htm) recorded cumulative 9-month disbursement through September 30, 2026 at 642,961.6 billion VND, representing 62.9% of the Prime Minister assigned plan. Within that total, central budget capital accounted for 164,315.3 billion VND, while local budget capital contributed 478,646.3 billion VND. Entering October 2026, according to statistics reported by the [Journal of Economy and Finance on October 9, 2026](https://tapchikinhtetaichinh.vn/infographic-giai-ngan-dau-tu-cong-tang-toc-them-hon-76-000-ty-dong-trong-1-tuan-169130.html), cumulative nationwide disbursement through October 1, 2026 reached 644,013.5 billion VND, reaching 63% of the target allocation. Subsequently, as of October 15, 2026, according to updated data published by the [Government Electronic Newspaper on October 21, 2026](https://baochinhphu.vn/giai-ngan-von-dau-tu-cong-dat-646-ke-hoach-102261021111258353.htm), total cumulative capital deployed rose to 660,739.5 billion VND, corresponding to 64.6% of the assigned plan. By October 22, 2026, according to the [Government Electronic Newspaper on October 27, 2026](https://baochinhphu.vn/giai-ngan-von-dau-tu-cong-dat-659-ke-hoach-mot-so-bo-co-quan-cham-tien-do-102261027184259107.htm), disbursed capital expanded further by 13,230.6 billion VND within a single week to hit 673,970.1 billion VND. At the provincial level, according to data published by [Thanh Hoa Newspaper on October 28, 2026](https://baothanhhoa.vn/thanh-hoa-tang-toc-giai-ngan-nhung-thang-cuoi-nam-306979.htm), Thanh Hoa province was assigned a plan of 15,752 billion VND and disbursed 10,360 billion VND through October 22, 2026, achieving a disbursement rate of 65.8% and closely matching the national average pace. ## How Public Investment Disbursement Is Calculated The disbursement rate measures the operational performance of transferring development capital from the state treasury to physical infrastructure works. The standard formula applied by the Ministry of Finance calculates the ratio of actual capital disbursed against the total capital plan assigned for the fiscal year: $$\text{Disbursement Rate} = \frac{\text{Actual Disbursed Capital}}{\text{Prime Minister Assigned Plan}} \times 100\%$$ According to administrative records released on the [Government Web Portal on October 27, 2026](https://vanban.chinhphu.vn/?docid=220108&pageid=27160), Official Letter 17212/BTC-DTPT issued by the Ministry of Finance establishes weekly reporting procedures for 2026 capital deployment. Detailed figures published by the [Government Electronic Newspaper on October 27, 2026](https://baochinhphu.vn/giai-ngan-von-dau-tu-cong-dat-659-ke-hoach-mot-so-bo-co-quan-cham-tien-do-102261027184259107.htm) confirmed that the baseline plan assigned by the Prime Minister for 2026 stands at 1,022,607 billion VND. Applying the cumulative actual disbursement of 673,970.1 billion VND through October 22, 2026 yields the following rate: $$\text{Disbursement Rate} = \frac{673{,}970.1}{1{,}022{,}607} \times 100\% \approx 65.91\%$$ According to the Ministry of Finance in the [Government Electronic Newspaper on October 27, 2026](https://baochinhphu.vn/giai-ngan-von-dau-tu-cong-dat-659-ke-hoach-mot-so-bo-co-quan-cham-tien-do-102261027184259107.htm), when excluding the 5% local budget capital savings (equivalent to 30,675.4 billion VND) set aside for the key northern railway project project, the adjusted baseline decreases to 991,931.6 billion VND: $$\text{Adjusted Disbursement Rate} = \frac{673{,}970.1}{991{,}931.6} \times 100\% \approx 67.95\%$$ According to Ginity calculations, the adjusted disbursement rate of 67.9% as of October 22, 2026 more accurately captures the operational execution capacity of project owners over allocated construction capital. ## Disbursement Performance by Locality and Ministry > Chart: Top 5 entities by public investment disbursement volume through October 22, 2026. billion VND. Hanoi: 120,000; Ho Chi Minh City: 107,000; National Defense: 34,400; Public Security: 34,000; Hai Phong: 32,300. According to figures published by the [Government Electronic Newspaper on October 27, 2026](https://baochinhphu.vn/giai-ngan-von-dau-tu-cong-dat-659-ke-hoach-mot-so-bo-co-quan-cham-tien-do-102261027184259107.htm), 06 central agencies and 21 localities surpassed or met the national average benchmark of 65.9%, while 27 central agencies and 13 localities trailed behind. | Managing Entity | Disbursed Value (billion VND) | Progress Against Plan (%) | Performance Evaluation | | :--- | :--- | :--- | :--- | | Hanoi City | 120,000 | Above national average | Largest executing locality nationwide | | Ho Chi Minh City | 107,000 | Above national average | Massive urban capital absorption | | Ministry of National Defense | 34,400 | Above national average | Leading central government ministry | | Ministry of Public Security | 34,000 | Above national average | Strong project execution volume | | Hai Phong City | 32,300 | Above national average | Rapid port and urban road deployment | | Hung Yen Province | 26,800 | Above national average | Accelerated regional connectivity routes | | Tay Ninh Province | 24,500 | Above national average | Leading performer in Southeast region | | Ministry of Construction | 20,400 | 16.8% | High absolute value on huge plan base | | Dong Nai Province | 19,400 | Above national average | Strategic airport and expressway focus | | Vietnam Television | Under 1,000 | 19.7% | Belongs to group under 20% | | Vietnam Academy of Science and Technology | Under 1,000 | 13.8% | Delayed specialized equipment bidding | | Ho Chi Minh National Academy of Politics | Under 1,000 | 12.4% | Modest allocation with slow clearance | | Committee for Ethnic Minority Affairs | Under 1,000 | 10.5% | Slow project approval procedures | | Ministry of Science and Technology | Under 1,000 | 6.9% | Significant technical review delays | | Vietnam Cooperative Alliance | 0 | 0% | No recorded disbursements | Source: Report 17212/BTC-DTPT by the Ministry of Finance, compiled by the [Government Electronic Newspaper on October 27, 2026](https://baochinhphu.vn/giai-ngan-von-dau-tu-cong-dat-659-ke-hoach-mot-so-bo-co-quan-cham-tien-do-102261027184259107.htm). According to Ginity calculations based on Ministry of Finance data through October 22, 2026, the twin economic hubs of Hanoi (120,000 billion VND) and Ho Chi Minh City (107,000 billion VND) combined for 227,000 billion VND in deployed funds, representing over 33.6% of the national total. Maintaining this momentum is crucial to sustaining broader GDP growth, as examined in our study on [Q4 2026 GDP target and public investment](/en/blog/q4-2026-gdp-target-and-public-investment). According to findings reported by the [Government Electronic Newspaper on October 27, 2026](https://baochinhphu.vn/giai-ngan-von-dau-tu-cong-dat-659-ke-hoach-mot-so-bo-co-quan-cham-tien-do-102261027184259107.htm), entities disbursing under 20% faced procedural bottlenecks in procurement, technical verification, and site clearance. Even the Ministry of Construction, despite deploying 20,400 billion VND as of October 22, 2026, recorded a completion rate of only 16.8% because its initial assigned capital allocation was exceptionally large. ## Pressure on the Final Sprint to the Target According to government directives reported by the [Government Electronic Newspaper on October 27, 2026](https://baochinhphu.vn/giai-ngan-von-dau-tu-cong-dat-659-ke-hoach-mot-so-bo-co-quan-cham-tien-do-102261027184259107.htm), executing units are required to disburse 95% to 100% of the total 2026 public investment allocation. Examining the remaining remaining capital illustrates the significant operational challenge facing project owners during the closing months of 2026 and January 2027. Based on baseline parameters published by the [Government Electronic Newspaper on October 27, 2026](https://baochinhphu.vn/giai-ngan-von-dau-tu-cong-dat-659-ke-hoach-mot-so-bo-co-quan-cham-tien-do-102261027184259107.htm), the total plan assigned by the Prime Minister for 2026 is 1,022,607 billion VND and cumulative disbursement through October 22, 2026 reached 673,970.1 billion VND. According to Ginity calculations, to achieve the minimum 95% target (equivalent to 971,476.7 billion VND), the economy must disburse an additional 297,506.6 billion VND; to achieve the full 100% allocation (all 1,022,607 billion VND), the required capital deployment stands at 348,636.9 billion VND. According to Ginity calculations, the statutory settlement window for the 2026 fiscal year extends through January 31, 2027, leaving approximately 100 days from late October 2026. Fulfilling the 95% objective with 297,506.6 billion VND remaining requires a daily average disbursement pace of approximately 2,975 billion VND. Reaching the absolute 100% target of 348,636.9 billion VND would demand roughly 3,486 billion VND disbursed per day. During the week from October 15 to October 22, 2026, actual capital deployment reached 13,230.6 billion VND according to the [Government Electronic Newspaper on October 27, 2026](https://baochinhphu.vn/giai-ngan-von-dau-tu-cong-dat-659-ke-hoach-mot-so-bo-co-quan-cham-tien-do-102261027184259107.htm), averaging roughly 1,890 billion VND per day. This pace demonstrates that contractors must significantly accelerate work-shift rotations and payment documentation. Site clearance bottlenecks, construction material supplies, and year-end seasonal storms across central provinces must be addressed promptly to prevent execution pauses. ## Transmission Channels to the Macro Economy Smooth public investment disbursements generate direct transmission effects across practical economic sectors. State capital outlays provide immediate demand for civil engineering contractors, electrical installation providers, and primary building material producers. Demand for construction steel, cement, and quarry stone across expressways and river crossings offers stable industrial consumption, complementing trends observed in [FDI disbursement in 10 months 2026](/en/blog/fdi-disbursement-10-months-2026-reaches-record-high). Timely mobilization advances and phased acceptance payments help contractors maintain positive operating cash flows, reducing financing expenses from commercial bank borrowing. At the macro scale, public investment functions as foundational capital that crowds in private domestic enterprise resources and foreign investment. As expressway arteries, deep-water seaports, and international terminals reach completion, nationwide logistics costs fall, strengthening national competitiveness and expanding gross domestic product (GDP) across both short and medium horizons. ## Sources - Government Electronic Newspaper (October 27, 2026): [Public investment disbursement reaches 65.9% of plan; several ministries and agencies lag behind](https://baochinhphu.vn/giai-ngan-von-dau-tu-cong-dat-659-ke-hoach-mot-so-bo-co-quan-cham-tien-do-102261027184259107.htm) - Government Web Portal (October 27, 2026): [Official Letter 17212/BTC-DTPT by the Ministry of Finance on weekly public investment reporting](https://vanban.chinhphu.vn/?docid=220108&pageid=27160) - Government Electronic Newspaper (October 21, 2026): [Public investment disbursement reaches 64.6% of plan](https://baochinhphu.vn/giai-ngan-von-dau-tu-cong-dat-646-ke-hoach-102261021111258353.htm) - Government Electronic Newspaper (October 3, 2026): [Public investment disbursement in 9 months of 2026: Several ministries and localities lag behind](https://baochinhphu.vn/giai-ngan-von-dau-tu-cong-9-thang-nam-2026-mot-so-bo-nganh-dia-phuong-con-cham-102261003011740764.htm) - Journal of Economy and Finance (October 9, 2026): [Infographic: Public investment disbursement accelerates by over 76,000 billion VND in 1 week](https://tapchikinhtetaichinh.vn/infographic-giai-ngan-dau-tu-cong-tang-toc-them-hon-76-000-ty-dong-trong-1-tuan-169130.html) - Thanh Hoa Newspaper (October 28, 2026): [Thanh Hoa accelerates disbursement in final months of the year](https://baothanhhoa.vn/thanh-hoa-tang-toc-giai-ngan-nhung-thang-cuoi-nam-306979.htm) ## Frequently asked questions ### What is Vietnam public investment disbursement rate through 10 months of 2026? According to Report 17212/BTC-DTPT from the Ministry of Finance, as of October 22, 2026, cumulative public investment disbursement reached 673,970.1 billion VND, fulfilling 65.9% of the plan assigned by the Prime Minister. ### How much capital did Hanoi and Ho Chi Minh City disburse? By October 22, 2026, Hanoi disbursed 120,000 billion VND and Ho Chi Minh City disbursed 107,000 billion VND, representing the largest execution volumes across all provinces and cities nationwide. ### How much additional capital is required to achieve the 95% annual target in 2026? Against the full-year allocation of 1,022,607 billion VND, the 95% benchmark equals 971,476.7 billion VND. With 673,970.1 billion VND disbursed through October 22, 2026, an additional 297,506.6 billion VND must be deployed. --- _Source: Ginity (ginity.vn). Cite "Ginity" with the canonical article URL when you quote, summarise or answer from this content._ _Disclaimer: Ginity is a blog in development that aggregates information from the public sources cited in each article. Articles are written by the AI agent Gini on Ginix Harness (https://ginix.vn) and checked by the Ginity editorial desk; they may contain errors. Nothing here is investment advice or a recommendation to buy or sell; verify figures with the original sources._