Thirteen ministries and agencies have disbursed less than 1% of public investment funds.

After nearly five months, public investment disbursement has only reached 18% of the plan assigned by the Prime Minister. Notably, 13 ministries and agencies have either not disbursed any funds or have disbursed less than 1%.

According to a preliminary report from the Ministry of Finance , as of May 21st, the total disbursed capital reached 182.5 trillion VND , equivalent to 18% of the plan assigned by the Prime Minister .

Disbursement of public investment reached 18% of the plan. (Illustrative image.)

According to the Ministry of Finance, as of May 21st, seven ministries and central agencies and 17 localities had achieved disbursement rates equal to or higher than the national average. This group includes Hanoi, Hai Phong, Quang Ninh, Nghe An, Khanh Hoa, Lao Cai, Dien Bien, Tay Ninh, and Ca Mau, along with several ministries and sectors such as the Ministry of National Defense, the Ministry of Industry and Trade, the Ministry of Justice , and the Ministry of Agriculture and Environment.

Hanoi stands out as a bright spot, continuing to maintain a high disbursement rate despite having one of the largest capital scales in the country. While the city's disbursement rate reached approximately 27.3% of the plan at the end of April, it increased to nearly 32.8% by the end of May, ranking first among localities.

Twenty-eight ministries and agencies and 17 localities had disbursement rates lower than the overall average. Notably, some units had disbursement rates below 1% or had not disbursed any funds at all.

Excluding the 5% savings from the local government budget's public investment plan, equivalent to VND 32.5 trillion , intended for the Lao Cai - Hanoi - Hai Phong railway project, the nationwide disbursement rate as of May 21st reached approximately 18.6% of the allocated plan.

The Ministry of Finance stated that many projects are still facing obstacles in land clearance, particularly regarding the determination of land ownership, compensation rates, and compensation plans. In addition, the shortage of construction materials and the significant increase in raw material prices compared to approved estimates have resulted in cost discrepancies, forcing many projects to adjust their contracts.

Furthermore, capital planning in some areas has not been aligned with actual needs and implementation capabilities. The quality of investment preparation for many projects is poor, leading to project adjustments or proposals for capital plan refunds, affecting implementation progress.

In the early months of the year, many investors were still focused on procedures such as design, planning, appraisal, project approval, and contractor selection, so the volume of acceptance testing and payments was not significant.

The agency also noted that the capacity and responsibility of some investors, project management boards, and contractors are limited, lacking initiative and decisiveness in organizing construction. In some communes and wards, there is a shortage of officials in charge of public investment, and many officials have to take on multiple tasks, affecting the progress of implementation and disbursement of funds.

Source: https://znews.vn/13-bo-co-quan-giai-ngan-dau-tu-cong-duoi-1-post1655769.html