9 months of 2024: Provincial Development Investment Fund disburses nearly 40 billion VND

Tuesday, October 8, 2024 | 16:43:11

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On the morning of October 8, comrade Nguyen Quang Hung, member of the Provincial Party Standing Committee, Permanent Vice Chairman of the Provincial People's Committee, Chairman of the Management Board (MB) of the Provincial Development Investment Fund (DIF) and the Provincial Land Development Fund (LDF) chaired the meeting of the Management Board of the Provincial Development Investment Fund (DIF) and the Provincial Land Development Fund (LDF) to listen to the report on the 9-month operation situation, deploy directions and tasks for the last 3 months of 2024. Attending the meeting were leaders of a number of departments and branches.

Comrade Nguyen Quang Hung, Member of the Provincial Party Standing Committee, Permanent Vice Chairman of the Provincial People's Committee, Chairman of the Board of Directors of the Provincial Investment and Development Fund and the Provincial Development Fund spoke at the meeting.

In the first 9 months of 2024, the Provincial Investment and Development Fund disbursed loans to 4 projects with a total amount of nearly 40 billion VND. Accumulated to September 30, 2024, the Fund disbursed loans to 5 projects with a total amount of nearly 60 billion VND, reaching 74.5% of the loan decision. In debt collection, accumulated to September 30, 2024, the Fund urged the collection of 5 projects with an amount of nearly 13 billion VND, reaching 100% of the principal and interest due. By September 30, 2024, the total outstanding loans of the Provincial Investment and Development Fund reached nearly 60 billion VND. As a entrusted unit, the Provincial Investment and Development Fund advised the Provincial Investment and Development Fund Management Board to issue 6 decisions to advance capital for site clearance of 6 projects with a total amount of more than 30 billion VND, thereby contributing to accelerating the implementation progress of important projects of the province; At the same time, urge and implement the recovery of advanced capital due for 6 projects with a total amount of nearly 80 billion VND.

Regarding the Provincial PTĐ Fund, in the first 9 months of 2024, the Fund's operational management agency and the entrusted unit actively urged the recovery of advanced capital of 6 projects with an amount of nearly 80 billion VND.

Representative of Provincial Development Investment Fund reported at the meeting.

The leader of the Department of Finance spoke at the meeting.

At the meeting, the representative of the Provincial Investment Fund reported on the proposal to dismiss the member of the Provincial Investment Fund Management Board and the selection of an audit unit for the 2024 financial statements of the Provincial Investment Fund.

In his concluding remarks, the Standing Vice Chairman of the Provincial People's Committee, Chairman of the Board of Directors of the Provincial Development Investment Fund and the Provincial Development Investment Fund requested that in the last months of the year, the Provincial Development Investment Fund continue to urge the recovery of advanced capital for projects advanced from the Provincial Development Investment Fund that have reached the repayment deadline, recover the principal and interest of ODA capital of the Rural Energy Project 2 in the province, recover debts for rural clean water projects from World Bank loans and national target program capital in the province, continue to urge the recovery of advanced funds for cement purchase to repay to the provincial budget; urgently seek projects for loans, improve loan appraisal work on that basis, accurately and honestly assess the effectiveness of the project and the repayment capacity of the borrower; strengthen the work of urging loan collection, have appropriate and flexible solutions to make the loan collection work effective, not to let bad debts arise.

Regarding the Provincial Development Fund, the Standing Vice Chairman of the Provincial People's Committee, Chairman of the Provincial Development Fund Management Board and the Provincial Development Fund requested to accelerate the recovery of advanced capital from projects with advanced capital that have reached maturity; proactively advise the Provincial Development Fund Management Board to advance capital for key projects under the direction of the Provincial Party Committee and the Provincial People's Committee.

Minh Huong

Source: https://baothaibinh.com.vn/tin-tuc/4/209544/9-thang-nam-2024-quy-dau-tu-phat-trien-tinh-giai-ngan-gan-40-ty-dong