Since the Law on Public Investment was enacted and came into effect (January 1, 2015), the management of state investment capital in the field of capital construction investment has gradually been in order and has been renovated. However, besides the achieved results, this work still has certain limitations and shortcomings. The paper analyzes issues raised in state management of capital construction investment, proposing some solutions to further improve state management of capital construction investment capital from the state budget in Vietnam today.