Many developers have below-average disbursement rates.
As of September 11th, public investment capital disbursed in Dak Nong reached over 1,234 billion VND, achieving 37% of the province's plan, 44% of the plan assigned by the Prime Minister, and 4.5% higher than the same period in 2023.
Throughout the province, there are 16 investors whose disbursement rates are below the provincial average. Among them are investors who account for a very large proportion of the capital.
The Dak Nong Provincial Investment and Construction Project Management Board is the unit that accounts for the majority of the province's public investment capital. However, by the end of September 2024, the unit had only disbursed 249 billion VND out of 809 billion VND, reaching only 31% of the allocated capital plan.
Nguyen Van Nghia, Director of the Dak Nong Provincial Investment and Construction Project Management Board, explained that many projects have experienced delays in disbursement due to various reasons such as bauxite mining, earthworks, and land clearance issues.
For example, the Dao Nghia - Quang Khe road project is currently facing these obstacles, resulting in approximately 150 billion VND of the planned capital for 2024 not being disbursed.
Regarding the Provincial General Hospital upgrade project, the initial commitment was to disburse 123 billion VND. However, from March to June 2024, the construction unit lacked the necessary funds. This led to delays in the investment in supplies and materials for the construction project.
"For this project, after repeated urging from the investor, the construction progress is now promising. We are committed to disbursing all 140 billion VND out of 150 billion VND in capital for 2024," Mr. Nghia affirmed.
Besides the Investment and Construction Project Management Board, many other investors currently have below-average achievement rates, such as: Dak Mil district (35.1%); Gia Nghia city (36.9%); Provincial Military Command (40.5%); Dak Song district People's Committee (40.1%)...
Overcoming subjective factors
According to the Department of Planning and Investment, besides objective reasons, the low disbursement rate is due to the lack of close coordination between investors and localities in land clearance. Some project investors have not been truly proactive. In many cases, contractors are still dragging their feet.
Regarding the progress of public investment disbursement, at the public investment conference on September 27th, the Deputy Secretary of the Provincial Party Committee and Chairman of the Provincial People's Committee, Ho Van Muoi, affirmed that the low disbursement of public investment capital in general, and the three national target programs in particular, is mainly due to subjective reasons.
The low results show that the coordination between departments, branches and localities is still inadequate. Meanwhile, all issues in public investment and disbursement of national target programs have been directed by the Provincial People's Committee.
The province will soon establish a task force to inspect the progress and quality of construction projects. When the task force inspects a project, the investors and contractors must be present to provide clear reports on the progress.
“Investors should review and resolutely do whatever is within the district or province’s authority. For projects that are beyond their authority or cannot be done, investors should promptly report to the Provincial People’s Committee to propose returning them. Avoid the situation of “waiting until the water reaches your feet before jumping” at the end of the year,” Chairman of the Provincial People’s Committee Ho Van Muoi directed.
The total public investment plan for 2024 in Dak Nong is 3,064 billion VND. As of September 11th, the province had only disbursed 1,231 billion VND, reaching 37%. In the last three months of 2024, Dak Nong needs to disburse 1,833 billion VND. Of this, 967 billion VND needs to be disbursed from the local budget; 604 billion VND from the central government budget; and 115 billion VND from ODA sources. The remainder is from the central government budget for investment in three national target programs.
Source: https://baodaknong.vn/3-thang-cuoi-nam-dak-nong-doc-luc-giai-ngan-1-833-ty-dong-230707.html
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