Secretary of Ho Chi Minh City Party Committee chairs meeting to promote disbursement of public investment capital

SGGP newspaper reported that on the afternoon of December 8, Mr. Tran Luu Quang, Secretary of the Party Central Committee, Secretary of the Ho Chi Minh City Party Committee, chaired a meeting on the situation and progress of implementing key projects and works and disbursement of public investment capital in the city in 2025.

Attending the meeting were Mr. Hoang Nguyen Dinh, Member of the Standing Committee of the City Party Committee, Vice Chairman of the Ho Chi Minh City People's Committee; Mr. Bui Xuan Cuong, Vice Chairman of the Ho Chi Minh City People's Committee; and leaders of the city's departments and branches.

Speaking at the meeting, the Secretary of the Ho Chi Minh City Party Committee informed that up to now, the city is in the group of public investment disbursement at a level higher than the national average. However, with the actual progress, the Secretary of the Ho Chi Minh City Party Committee said that he is still impatient as there is not much time left in 2025.

According to the report of the Ho Chi Minh City People's Committee, the locality has completed the assignment and detailed allocation of public investment capital according to the capital level assigned by the Prime Minister of VND 153,615 billion.

As of December 5, the city's total disbursement was nearly VND73,812 billion. Of which, the disbursement of the 2025 capital plan was nearly VND73,346 billion, reaching 61% of the capital plan assigned by the Prime Minister and reaching 47.7% of the capital plan the city has implemented.

With this result, Ho Chi Minh City has a disbursement rate higher than the national average reported by the Ministry of Finance in the first 11 months of the year at 59.7%. If not counting the additional plan assigned by the Prime Minister after September 30, Ho Chi Minh City's disbursement rate reaches 61.7% of the plan assigned by the Prime Minister.

According to the Ho Chi Minh City People's Committee, 5/10 boards have good disbursement rates, higher than the city's average, including: Urban Railway Management Board (75%), Urban Infrastructure Construction Investment Project Management Board (74.3%), Agriculture and Rural Development Project Management Board (65.1%), Traffic Construction Investment Project Management Board (55.3%), and Ba Ria - Vung Tau Traffic and Civil Project Management Board (52.1%).

There are 5/10 boards with disbursement rates slower than the city's average, including: Board of Management of Investment Projects for Construction of Civil and Industrial Works (41.1%), Board of Management of Regional Traffic Projects and Specialized Agriculture in Ba Ria - Vung Tau (33.8%), Board of Management of Investment Projects for Construction of Traffic Works in Binh Duong (22%), Board of Management of Investment Projects for Construction of Binh Duong (14.8%), Board of Management of Specialized Wastewater Projects (7.9%).

At the meeting, Vice Chairman of the Ho Chi Minh City People's Committee Bui Xuan Cuong pointed out a number of difficulties and problems in site clearance, relocation of electrical infrastructure, adjustment of local planning, and implementation organization...

Faced with difficulties and obstacles, the Secretary of the Ho Chi Minh City Party Committee requested departments and branches to focus on discussing and proposing solutions to speed up the progress of key projects and works and disburse public investment capital in the area, achieving the set progress.

Ho Chi Minh City has established three working groups to disburse investment capital to conduct field inspections at construction sites and organize local meetings under the motto "decide on the spot, resolve on the spot".

Source: https://ttbc-hcm.gov.vn/bi-thu-thanh-uy-tphcm-chu-tri-cuoc-hop-thuc-day-giai-ngan-von-dau-tu-cong-1020161.html