--- title: Vietnam 10-Month 2026 Public Investment and MoF Scorecard description: As of 31/10/2026, Vietnam public investment disbursement reached 708,567.4 billion VND, reaching 74.1% of the plan or 76.6% adjusted. MoF scorecard details. url: https://ginity.vn/en/blog/vietnam-public-investment-disbursement-10-months-2026-scorecard canonical: https://ginity.vn/en/blog/vietnam-public-investment-disbursement-10-months-2026-scorecard markdown: https://ginity.vn/en/blog/vietnam-public-investment-disbursement-10-months-2026-scorecard.md language: en datePublished: 2026-11-04T00:00:00+07:00 dateModified: 2026-11-04T00:00:00+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: [] sources: - name: Government Electronic Information Portal url: https://baochinhphu.vn/ket-qua-cham-diem-giai-ngan-von-dau-tu-cong-10-thang-nam-2026-102261103194226235.htm - name: Ministry of Finance url: https://bcp.cdnchinhphu.vn/334894974524682240/2026/11/3/908-261103-181630-1-17937095250521778197996.pdf - name: Báo Điện tử Chính phủ url: https://baochinhphu.vn/nhung-diem-sang-noi-bat-trong-buc-tranh-kinh-te-10-thang-102261103160431984.htm - name: Thời báo Tài chính Việt Nam url: https://thoibaotaichinhvietnam.vn/giai-ngan-von-dau-tu-cong-dat-74-1-ke-hoach-sau-10-thang-206359.html - name: Thời báo Tài chính Việt Nam url: https://thoibaotaichinhvietnam.vn/cham-diem-giai-ngan-von-dau-tu-cong-5-don-vi-bi-xep-loai-chua-tot-206363.html - name: Tạp chí Kinh tế và Tài chính url: https://tapchikinhtetaichinh.vn/infographic-giai-ngan-dau-tu-cong-10-thang-dat-hon-708-567-ty-dong-tang-19-7-so-voi-cung-ky-171493.html 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 10-Month 2026 Public Investment and MoF Scorecard > As of 31/10/2026, Vietnam public investment disbursement reached 708,567.4 billion VND, reaching 74.1% of the plan or 76.6% adjusted. MoF scorecard details. Gini · Macro & monetary · 2026-11-04 · https://ginity.vn/en/blog/vietnam-public-investment-disbursement-10-months-2026-scorecard _Lead analyst: Đào Ngọc Bảo Linh · Finance and securities specialist · Ho Chi Minh City · 0932 439 639_ ## Key takeaways - As of 31/10/2026, cumulative public investment disbursement reached 708,567.4 billion VND, up 217,524.1 billion VND compared to 2025. - The disbursement rate reached 74.1% of the assigned plan (955,867.4 billion VND) or 76.6% excluding 30,675.4 billion VND in local-budget savings. - Local-budget disbursement achieved 81.0% (526,520.2 billion VND), outpacing the central-budget rate of 59.6% (182,047.2 billion VND). - The MoF scorecard classified 13 localities and 7 central agencies as very good, while 5 entities were rated unsatisfactory. - Prior-year capital reached 67,519.4 billion VND (49.0%) and outstanding advances totaled 240,000 billion VND due by 31/01/2027. On 03/11/2026, the Ministry of Finance released [Report 908/BC-BTC](https://bcp.cdnchinhphu.vn/334894974524682240/2026/11/3/908-261103-181630-1-17937095250521778197996.pdf) detailing the allocation and disbursement of public investment capital in the first 10 months of 2026. The report introduces the first official monthly scorecard evaluating central ministries, agencies, and provincial authorities on the National Financial Database System. Treasury figures demonstrate substantial expansion in capital flow compared to previous years while revealing pronounced divergence across administrative tiers. Disbursement statistics provide an empirical foundation to measure capital formation alongside [Q4 GDP growth and public investment](/en/blog/q4-2026-gdp-target-and-public-investment) and foreign capital execution in [FDI disbursement in 10 months](/en/blog/fdi-disbursement-10-months-2026-reaches-record-high). The figures mark the start of the final sprint toward annual budget closure in 2026. ## Disbursement Progress in 10 Months of 2026 According to official figures published on the [Government Electronic Information Portal](https://baochinhphu.vn/ket-qua-cham-diem-giai-ngan-von-dau-tu-cong-10-thang-nam-2026-102261103194226235.htm) on 03/11/2026, nationwide public investment disbursement reached 708,567.4 billion VND as of 31/10/2026. This performance corresponds to 74.1% of the capital plan assigned by the Prime Minister (955,867.4 billion VND). Compared to the same period in 2025, the execution rate rose by 19.7 percentage points, while the absolute disbursed volume increased by 217,524.1 billion VND. Cash flow composition indicates that local authorities outperformed central ministries by a wide margin. According to statistics detailed by the [Vietnam Financial Times](https://thoibaotaichinhvietnam.vn/giai-ngan-von-dau-tu-cong-dat-74-1-ke-hoach-sau-10-thang-206359.html) on 03/11/2026, local-budget disbursement reached 526,520.2 billion VND, or 81.0% of its assigned target. In contrast, central-budget capital disbursement totaled 182,047.2 billion VND, achieving 59.6% of its allocation assigned by the Prime Minister. Regarding total funding authority, according to [Report 908/BC-BTC](https://bcp.cdnchinhphu.vn/334894974524682240/2026/11/3/908-261103-181630-1-17937095250521778197996.pdf), the National Assembly approved a total 2026 public investment ceiling of 1,105,823.4 billion VND. Adding 56,292.4 billion VND in supplemental local-budget balancing funds brought the nationwide plan to 1,149,870.0 billion VND. By 31/10/2026, managing units had detailed allocations for 1,004,348.6 billion VND, comprising 706,519.0 billion VND in local funds and 297,829.6 billion VND in central funds. Excluding supplemental local increases, detailed allocations reached 99.2% of the Prime Minister assigned target, leaving 7,811.2 billion VND in central capital awaiting specific project breakdown. | Funding Category | Assembly Plan and Increases (bn VND) | PM Assigned Plan (bn VND) | Detailed Allocation (bn VND) | Disbursed as of 31/10/2026 (bn VND) | Disbursement vs PM Plan (%) | | :--- | :--- | :--- | :--- | :--- | :--- | | Total 2026 Capital | 1,149,870.0 | 955,867.4 | 1,004,348.6 | 708,567.4 | 74.1% | | Central Budget | 319,368.8 | 305,640.8 | 297,829.6 | 182,047.2 | 59.6% | | Local Budget | 706,519.0 | 650,226.6 | 706,519.0 | 526,520.2 | 81.0% | | Capital from previous years | 137,710.2 | 137,710.2 | 137,710.2 | 67,519.4 | 49.0% | Source: [Ministry of Finance Report 908/BC-BTC dated 03/11/2026](https://bcp.cdnchinhphu.vn/334894974524682240/2026/11/3/908-261103-181630-1-17937095250521778197996.pdf). ## Two Disbursement Rates: 74.1% and 76.6% According to findings in [Report 908/BC-BTC](https://bcp.cdnchinhphu.vn/334894974524682240/2026/11/3/908-261103-181630-1-17937095250521778197996.pdf), the 10-month reporting cycle as of 31/10/2026 simultaneously presents two disbursement rates of 74.1% and 76.6%. This adjustment reflects fiscal accounting treatment for budget savings earmarked for national strategic infrastructure. The standard disbursement formula evaluates cumulative spending against the original plan assigned by the Prime Minister: $$\text{Disbursement Rate} = \frac{\text{Cumulative Disbursed Capital}}{\text{Prime Minister Assigned Plan}} \times 100\%$$ According to official Treasury figures as of 31/10/2026, dividing cumulative disbursement of 708,567.4 billion VND by the assigned plan of 955,867.4 billion VND yields the 74.1% headline rate. During 2026, according to [Report 908/BC-BTC](https://bcp.cdnchinhphu.vn/334894974524682240/2026/11/3/908-261103-181630-1-17937095250521778197996.pdf), provincial budgets implemented a mandatory 5% savings policy on investment spending, generating 30,675.4 billion VND in reserve capital for the northern cross-border railway corridor. Because this sum remains pooled and unassigned to active routine construction lots, the Ministry of Finance calculates an adjusted execution rate by removing these savings from the denominator: $$\text{Adjusted Disbursement Rate} = \frac{\text{Cumulative Disbursed Capital}}{\text{Assigned Plan} - \text{Local Budget Savings}} \times 100\%$$ Applying this adjustment as of 31/10/2026 according to official calculations reduces the effective denominator from 955,867.4 billion VND to 925,192.0 billion VND: $$\frac{708{,}567.4}{925{,}192.0} \times 100\% \approx 76.6\%$$ According to analysis published by the [Journal of Economy and Finance](https://tapchikinhtetaichinh.vn/infographic-giai-ngan-dau-tu-cong-10-thang-dat-hon-708-567-ty-dong-tang-19-7-so-voi-cung-ky-171493.html) on 04/11/2026, this 76.6% adjusted metric offers analysts a precise gauge of capital absorption across active civil work sites. ## Ministry of Finance Scorecard Results Report 908/BC-BTC marks the formal launch of the disbursement scorecard on the National Financial Database System following pilot runs between July and September 2026. The 100-point scale establishes four performance brackets: Very Good, Good, Average, and Unsatisfactory. According to reporting in the [Vietnam Financial Times](https://thoibaotaichinhvietnam.vn/cham-diem-giai-ngan-von-dau-tu-cong-5-don-vi-bi-xep-loai-chua-tot-206363.html) on 03/11/2026, the evaluation for 2026 annual plans yielded: - **Very Good:** 7 central agencies and 13 localities. Five central institutions achieved maximum scores of 100 points: the State Bank of Vietnam, the Ministry of Public Security, the Ministry of National Defense, the Vietnam Bank for Social Policies, and the Vietnam Development Bank. The Ho Chi Minh National Academy of Politics scored 98.79 points and the Ministry of Industry and Trade reached 93.62 points. Among localities, Dien Bien province took first place with 100 points, followed closely by Hai Phong at 99.97 points, Ca Mau at 98.03 points, Gia Lai at 97.97 points, and Ho Chi Minh City at 96.45 points. - **Good:** 15 central agencies and 16 localities. Nine ministries and 11 provinces attained 90 points or higher despite registering absolute disbursement ratios below the national benchmark. - **Average:** 7 central agencies and 4 localities. - **Unsatisfactory:** 4 central agencies and 1 province. The lowest scores were recorded by the Ministry of Science and Technology (38.47 points), Voice of Vietnam (47.49 points), the Vietnam Cooperative Alliance (50 points), and Vietnam National University HCMC (50.32 points). The lowest provincial score in this bracket as of 31/10/2026 was recorded at 57.59 points. According to data compiled from [Report 908/BC-BTC](https://bcp.cdnchinhphu.vn/334894974524682240/2026/11/3/908-261103-181630-1-17937095250521778197996.pdf), the chart below highlights cumulative disbursement volumes for leading entities exceeding 20 trillion VND during the 10-month period: > Chart: Top entities by public investment disbursement volume in first 10 months of 2026. trillion VND. Hanoi: 125.4; HCMC: 111.0; Defense: 38.6; Security: 34.1; Hai Phong: 33.9; Hung Yen: 28.2; Tay Ninh: 25.6. According to data published on the [Government Electronic Information Portal](https://baochinhphu.vn/ket-qua-cham-diem-giai-ngan-von-dau-tu-cong-10-thang-nam-2026-102261103194226235.htm) on 03/11/2026, Hanoi led all jurisdictions in absolute volume with 125.4 trillion VND, followed by Ho Chi Minh City with 111.0 trillion VND, the Ministry of National Defense with 38.6 trillion VND, the Ministry of Public Security with 34.1 trillion VND, and Hai Phong with 33.9 trillion VND. ## Prior Capital and 240 Trillion Advance In addition to managing the 2026 capital budget, authorities must clear substantial allocations approved from prior fiscal cycles. According to findings in [Report 908/BC-BTC](https://bcp.cdnchinhphu.vn/334894974524682240/2026/11/3/908-261103-181630-1-17937095250521778197996.pdf), capital carried forward into 2026 totaled 137,710.2 billion VND, comprising 86,870.8 billion VND in central funds and 50,839.4 billion VND in local funds. As of 31/10/2026, cumulative prior-year disbursement stood at 67,519.4 billion VND, reaching 49.0% of the target. Under public finance regulations, remaining prior-year funds will be cancelled after the strict deadline of 31/12/2026. Simultaneously, according to [Report 908/BC-BTC](https://bcp.cdnchinhphu.vn/334894974524682240/2026/11/3/908-261103-181630-1-17937095250521778197996.pdf), the report emphasizes large outstanding capital advances. As of 31/10/2026, outstanding advances hovered near 240,000 billion VND, equivalent to roughly 34% of total capital disbursed under the 2026 plan. Although this balance declined moderately from late September, it presents significant administrative pressure heading into the fiscal close. Analysis reported by the [Vietnam Financial Times](https://thoibaotaichinhvietnam.vn/giai-ngan-von-dau-tu-cong-dat-74-1-ke-hoach-sau-10-thang-206359.html) on 03/11/2026 notes that settling 240,000 billion VND in advances prior to the final cutoff of 31/01/2027 requires project management units to expedite formal inspections of completed work, avoiding administrative bottlenecks during the final fiscal window. ## Transmission to Infrastructure and Materials Public investment disbursement exerts direct, conditional transmission effects across industries within the basic construction supply chain. For heavy civil construction contractors, the 74.1% execution rate as of 31/10/2026 reported in [Report 908/BC-BTC](https://bcp.cdnchinhphu.vn/334894974524682240/2026/11/3/908-261103-181630-1-17937095250521778197996.pdf) mirrors physical progress on major transport arteries, including the North - South Expressway Phase 2, metropolitan beltways, and Long Thanh International Airport. Corporate revenue recognition and operating cash flows remain contingent upon formal acceptance milestones, site handover speed, and bank advance guarantee renewals. In building materials, including rolled construction steel, cement, aggregates, and asphalt, demand correlates with transport infrastructure installation rates. According to macroeconomic releases published on the [Government Electronic Information Portal](https://baochinhphu.vn/nhung-diem-sang-noi-bat-trong-buc-tranh-kinh-te-10-thang-102261103160431984.htm) on 03/11/2026, rolled steel output in the first 10 months of 2026 grew 24% year-on-year. Profit realization among material suppliers depends on raw material pricing cycles and unit-price adjustment clauses in state contracts. ## Effects on Bank Liquidity and GDP Growth At the macroeconomic scale, public investment functions as catalyst capital, stimulating gross capital formation and employment across the wider domestic economy. According to official data published on the [Government Electronic Information Portal](https://baochinhphu.vn/nhung-diem-sang-noi-bat-trong-buc-tranh-kinh-te-10-thang-102261103160431984.htm) on 03/11/2026, more than 708 trillion VND in capital disbursement over 10 months provided stable structural backing for annual gross domestic product targets. Treasury payouts transfer state funds directly into contractor accounts at commercial banks. From a monetary standpoint, these transfers bolster transaction deposits, easing interbank liquidity tensions and moderating funding pressures during the year-end payment rush of 2026. According to [Report 908/BC-BTC](https://bcp.cdnchinhphu.vn/334894974524682240/2026/11/3/908-261103-181630-1-17937095250521778197996.pdf), executing the remaining 25.9% of the 2026 budget alongside 51.0% of prior-year funds before 31/12/2026 requires continuous alignment across site clearance, mineral aggregate logistics, and treasury auditing across all administrative units. ## Frequently Asked Questions ### What was the 10-month 2026 disbursement rate? According to official Ministry of Finance data as of 31/10/2026, nationwide disbursement reached 708,567.4 billion VND, equal to 74.1% of the assigned plan or 76.6% excluding local-budget savings. ### Why are there two distinct rates of 74.1% and 76.6%? According to official Treasury calculations, 74.1% reflects the full plan of 955,867.4 billion VND, while 76.6% adjusts the base to 925,192.0 billion VND by deducting 30,675.4 billion VND in local-budget savings for the northern railway line. ### Which entities achieved top scorecard rankings? Five central institutions achieved maximum scores of 100 points, including the State Bank of Vietnam, the Ministry of Public Security, the Ministry of National Defense, the Vietnam Bank for Social Policies, and the Vietnam Development Bank. Among provinces, Dien Bien led with 100 points, followed by Hai Phong with 99.97 points. ### What are the final capital execution deadlines? Capital transferred from prior years must be disbursed by 31/12/2026. Meanwhile, the legal settlement and disbursement deadline for the 2026 annual plan extends to 31/01/2027. ## Sources - Government Electronic Information Portal: [Scorecard results for public investment disbursement in 10 months of 2026](https://baochinhphu.vn/ket-qua-cham-diem-giai-ngan-von-dau-tu-cong-10-thang-nam-2026-102261103194226235.htm) (03/11/2026) - Ministry of Finance: [Report 908/BC-BTC on allocation and disbursement of public investment capital in 10 months of 2026](https://bcp.cdnchinhphu.vn/334894974524682240/2026/11/3/908-261103-181630-1-17937095250521778197996.pdf) (03/11/2026) - Government Electronic Information Portal: [Highlights of Vietnam socio-economic performance in first 10 months](https://baochinhphu.vn/nhung-diem-sang-noi-bat-trong-buc-tranh-kinh-te-10-thang-102261103160431984.htm) (03/11/2026) - Vietnam Financial Times: [Public investment disbursement reaches 74.1% of plan after 10 months](https://thoibaotaichinhvietnam.vn/giai-ngan-von-dau-tu-cong-dat-74-1-ke-hoach-sau-10-thang-206359.html) (03/11/2026) - Vietnam Financial Times: [Public investment disbursement scorecard: 5 entities rated unsatisfactory](https://thoibaotaichinhvietnam.vn/cham-diem-giai-ngan-von-dau-tu-cong-5-don-vi-bi-xep-loai-chua-tot-206363.html) (03/11/2026) - Journal of Economy and Finance: [Infographic on 10-month public investment disbursement reaching 708,567 billion VND](https://tapchikinhtetaichinh.vn/infographic-giai-ngan-dau-tu-cong-10-thang-dat-hon-708-567-ty-dong-tang-19-7-so-voi-cung-ky-171493.html) (04/11/2026) ## Frequently asked questions ### What was the 10-month 2026 disbursement rate? According to official Ministry of Finance data as of 31/10/2026, nationwide disbursement reached 708,567.4 billion VND, equal to 74.1% of the assigned plan or 76.6% excluding local-budget savings. ### Why are there two distinct rates of 74.1% and 76.6%? According to official Treasury calculations, 74.1% reflects the full plan of 955,867.4 billion VND, while 76.6% adjusts the base to 925,192.0 billion VND by deducting 30,675.4 billion VND in local-budget savings for the northern railway line. ### Which entities achieved top scorecard rankings? Five central institutions achieved maximum scores of 100 points, including the State Bank of Vietnam, the Ministry of Public Security, the Ministry of National Defense, the Vietnam Bank for Social Policies, and the Vietnam Development Bank. Among provinces, Dien Bien led with 100 points, followed by Hai Phong with 99.97 points. ### What are the final capital execution deadlines? Capital transferred from prior years must be disbursed by 31/12/2026. Meanwhile, the legal settlement and disbursement deadline for the 2026 annual plan extends to 31/01/2027. --- _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._