How can we put an end to the situation where projects have money but can't spend it?

TPO - Chairman of the Ho Chi Minh City Business Association, Nguyen Ngoc Hoa, stated that current public investment projects are implemented by the state or a project management board. Public investment projects have excess funds but remain stalled due to bureaucratic procedures and processes, and this requires a comprehensive solution.

On August 15th, at the 3rd session of the Vietnam Economic Forum, themed "Removing bottlenecks in public investment disbursement," organized by the Nguoi Lao Dong newspaper in Ho Chi Minh City, delegates and experts proposed solutions to promote one of the three pillars of economic growth.

Dr. Tran Du Lich speaks at the forum. Photo: Organizing Committee.

Economist Tran Du Lich believes that Resolution 98 of the National Assembly on piloting some specific mechanisms and policies for Ho Chi Minh City, which further expands decentralization and delegation of authority in procedures, will be a positive factor in promoting public investment, while also contributing to mobilizing resources and social infrastructure.

"With this resolution, Ho Chi Minh City benefits from being able to decide on Group A projects, shortening the project implementation time to some extent. However, once the decision is made, during implementation, there are numerous subsequent steps that must be taken according to general regulations," Dr. Lich stated.

According to the expert, Ho Chi Minh City's leaders are very dedicated and focused on directing the disbursement of public investment, removing bottlenecks to ensure the goal of quickly deploying 79,000 billion VND from now until the end of the year is achieved. Currently, the Ho Chi Minh City People's Committee and relevant departments have categorized projects into groups that can be disbursed in the remaining months of the year.

Mr. Nguyen Ngoc Hoa - Chairman of the Ho Chi Minh City Business Association.

Mr. Nguyen Ngoc Hoa, Chairman of the Ho Chi Minh City Business Association, stated that current public investment projects are implemented by the state or a project management board. Public investment projects have excess funds but remain stalled due to bureaucratic procedures and processes, and this requires a comprehensive solution.

According to Mr. Hoa, government agencies need to boldly change their approach. On the other hand, public investment projects need to be socialized to address bottlenecks.

"All procedures and approvals should be handled by private companies; after completion, only acceptance testing is needed. This could be a smoother and faster approach," Mr. Hoa suggested.

Dr. Nguyen Quoc Viet, Deputy Director of the Institute for Economic and Policy Research at Hanoi National University, believes that the key issue is accelerating the progress of projects to ensure their implementation and eventual utilization. Investment value is not just about numbers to enhance growth targets; what's crucial is its ripple effect, its ability to attract private investment, and its impact on other sectors and fields.

Ho Chi Minh City is striving to accelerate public investment projects. In the photo: construction workers on the Tham Luong - Ben Cat - Nuoc Len canal environmental improvement and infrastructure construction project (Photo: Huu Huy)

According to Mr. Le Bach Cuong, Head of the Southern Investment and Construction Management Sub-Department under the Investment and Construction Management Department of the Ministry of Transport, statistics from the Ministry of Transport show that in the period 2021-2025, the Government has allocated resources to invest in transport infrastructure, prioritizing the goal of having approximately 3,000km of expressways nationwide by 2025. To achieve this goal, the Ministry of Transport is coordinating with other ministries and agencies to advise on and allow the implementation of some specific mechanisms to shorten the investment procedures.

Mr. Cuong stated that, in order to boost public investment, approximately 70% of the tasks that localities can expedite, with land clearance being the most important, are crucial because this is the most difficult step in the implementation process.

Ngo Tung

Source: https://tienphong.vn/cach-nao-cham-dut-tinh-trang-du-an-co-tien-khong-tieu-duoc-post1664023.tpo