Central Thanh Hoa Province has disbursed VND11.57 trillion (approximately $453.8 million) in public investment capital, as of November 5, fulfilling 76.2% of the 2026 plan assigned by the Prime Minister.
Factoring in carry-over capital from 2025, total disbursement reached nearly VND13.93 trillion ($546 million), representing 67.4% of the adjusted plan. By late October, the province ranked 18th out of 34 evaluated localities nationwide, climbing 14 spots compared to its mid-June standing.
Thanh Hoa's disbursement ranking showed steady recovery across multiple statistical checkpoints throughout the year. In early April 2026, the province recorded a disbursement rate of 7.6%, ranking 20th. By mid-May, the figure edged up to 10.7%, though its ranking slipped to 26th. On June 18, with disbursement standing at 15.1%, Thanh Hoa fell to 32nd place—its lowest position of the year—lagging behind the national average by a peak margin of 10.6 percentage points.
Disbursement momentum accelerated markedly starting in late August, however.
As a result, by October 31, the province’s execution rate under the Prime Minister's capital allocation reached 74.9%, elevating Thanh Hoa to 18th among the nation's total 34 provinces and centrally run cities. Compared to the June 18 nadir, the locality climbed 14 places, narrowing its gap with the national average from 10.6 percentage points down to 1.7 percentage points. This marked a significant turnaround in both execution speed and comparative standing, despite a substantial volume of remaining funds to be cleared before year-end.
During the reporting period from October 22 to 30, the province disbursed an additional VND1.21 trillion ($47.4 million), up from VND766.6 billion ($30 million) in the prior tracking period, pushing the aggregate rate from 60.01% to 65.88%.
Between October 30 and November 5, an additional VND320.8 billion was cleared. On November 5 alone, disbursement increased by VND105.57 billion.
Based on the 2026 capital quota assigned by the Prime Minister, Thanh Hoa had disbursed VND11.57 trillion out of more than VND15.75 trillion as of November 5, reaching 76.2%. Including extended 2025 funding carried forward into 2026, the total plan stands at VND20.66 trillion, with cumulative disbursements reaching nearly VND13.93 trillion (67.4%).
The province is targeting a 100% disbursement rate for public investment capital in 2026. Alongside tracking milestones, provincial leaders have directed relevant agencies to urgently troubleshoot slow-moving projects and reallocate funds in accordance with statutory guidelines to prioritize capital-absorptive ventures.
Preparatory work for the 2027 fiscal cycle is progressing concurrently. The province has instructed relevant departments to accelerate pre-investment procedures and land clearance to initiate capital disbursements by January and begin construction on new projects within the first quarter of 2027.
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