Province removes obstacles, promoting disbursement of public investment capital

Update: 17-08-2022 | 11:04:45

On the afternoon of August 16, Vo Van Minh, Vice-Secretary of provincial Party Committee, Chairman of provincial People's Committee and Nguyen Van Danh, Vice-Chairman of provincial People's Committee chaired a meeting to hear a report on the implementation of the local public investment plan for 2022; the expected plan on the adjustment of the medium-term public investment plan for the 2021-2025 period, the public investment plan for 2022; the expected plan on public investment for 2023.

An overview of the meeting

According to provincial Department of Planning and Investment, the province’s total public investment capital plan in 2022 is more than VND8.9 trillion, allocated to 316 projects, an increase of VND 130 billion compared to the capital plan assigned by the Prime Minister in early this year. As of July 31, the province disbursed more than VND2.95 trillion, reaching the rate of 33.1%. The province’s disbursement capacity until September 30 is more than VND4.55 trillion. The province’s estimated disbursement in 2022 is more than VND 7.19 trillion, or 80.75% of the plan.

In 2022, there are 30 projects with the time for implementation extended with investment plan disbursed from 2021 to 2022 with total capital of more than VND3.63trillion. Their disbursed value as of July 31 was more than VND288.64. The figure will be more than VND1.57trillion by September 30 and more than VND2.89trillion as of December 31.

Up to now, there are still 15 undisbursed units, including: provincial Labor Union, Binh Duong Radio and Television Station, provincial Department of Construction, provincial Party Committee Office, Cau Mountain Protection Forest Management Board, provincial Department of Science and Technology, provincial Department of Home Affairs, Vietnam - Korea College of Binh Duong, provincial Department of Labor - Invalids and Social Affairs, Vietnam - Singapore Vocational College, provincial Testing Center, provincial Department of Natural Resources and Environment, provincial People's Committee Office, provincial Department of Justice, provincial Department of Information and Communication.

Speaking at the meeting, Mr. Minh requested relevant agencies and localities to drastically and synchronously implement groups of solutions to accelerate disbursement of public investment capital; consider promoting disbursement of public investment capital as an important political task, especially in the context of economic difficulties and the province is implementing solutions for economic recovery. He also asked for the heads of sectors and localities to strengthen their roles and responsibilities in directing to remove obstacles in the disbursement of public investment capital.

Regarding the adjustment of the medium-term public investment plan for the period of 2021-2025, the adjustment of the public investment plan for 2022 and the expected public investment plan for 2023, he requested investors to urgently review, balance capital sources for public investment; review total capital invested for projects; review the disbursement progress of public investment capital, ensuring capital sources for new public investment projects and newly added ones... On that basis, relevant sectors and localities need to set up plans and lists of projects to be arranged in order of priority, with focus on feasibility, solutions on implementation roadmap and commitment to ensure on schedule.

He also requested relevant sectors and localities to manage and use public investment capital efficiently, economically in compliance with regulations on capital allocation principles while looking directly at subjective causes to remove bottlenecks that are hindering and slowing down the disbursement progress of public investment capital.

Reported by Ngoc Thanh-Translated by Kim Tin

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Province removes obstacles, promoting disbursement of public investment capital

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