Noting that although sharing the same legal framework, some ministries and localities have disbursed public investment funds well, while others have not met the requirements, Deputy Prime Minister Bui Thanh Son emphasized the need for thorough research and effective application of mechanisms, policies, and regulations to accelerate the disbursement of public investment.
There are still many obstacles.
On the afternoon of November 19th, at the Government Headquarters, Deputy Prime Minister Bui Thanh Son chaired an online meeting of Task Force No. 5 to inspect, supervise, resolve difficulties and obstacles, and accelerate the disbursement of public investment capital.
Reporting on the disbursement of public investment, Deputy Minister of Planning and Investment Nguyen Thi Bich Ngoc stated that from the beginning of the year to October 31st, the estimated disbursement reached over 355,616 billion VND, equivalent to 52.46% of the plan assigned by the Prime Minister. Of this, 13 ministries and central agencies and 41 localities had disbursement rates above the national average (over 52.46% of the plan assigned by the Prime Minister).
Task Force No. 5 comprises 7 ministries and central agencies and 13 localities. According to data from the Ministry of Finance, as of October 31st, apart from two agencies, Vietnam Electricity Corporation and the Vietnam Union of Science and Technology Associations, which do not have capital plans for 2024, the overall disbursement rate of 5 ministries and central agencies (Ho Chi Minh National Academy of Politics, Ministry of Foreign Affairs, Ministry of Industry and Trade, Ministry of Science and Technology, and Vietnam Academy of Science and Technology) and the disbursement rate of each ministry and agency are all lower than the national average.
Regarding provinces and cities, it is noteworthy that the group of localities with disbursement rates higher than or equivalent to the national average includes: Long An (67%); Tien Giang (73%); Ben Tre (54%); Tra Vinh (63%); An Giang (61%); Dong Thap (57%); Ca Mau (55%); Hau Giang (52%); and Soc Trang (52%).
Conversely, some provinces and cities have disbursement rates lower than the national average, such as: Kien Giang (30%); Bac Lieu (42%); Can Tho (50%); Vinh Long (45%).
At the same time, the Ministry of Planning and Investment's report clearly analyzes the obstacles affecting the progress of public investment disbursement. First, in land clearance work, determining land origin and land prices remains difficult; land is used for purposes other than intended or bought and sold with handwritten documents, encroaching on land within public works corridors; determining the legal validity of land plot documents is difficult; people do not agree with compensation and resettlement plans, and still have questions and complaints about land compensation rates; the new Land Law has been enacted, and many projects have to recalculate land clearance costs according to the new regulations of the Land Law.
Furthermore, difficulties in supplying construction sand in An Giang, Ben Tre, Ca Mau, Can Tho, Dong Thap, and Vinh Long provinces have led to higher costs compared to the estimated unit prices. Some contractors are proceeding with construction at a slow pace, waiting for updates and adjustments to the construction price index to reflect market prices. The capacity of investors and project implementation capabilities remains limited. Investment procedures under specialized laws and project bidding still face obstacles.
Also at the meeting, ministries, departments, and localities shared lessons learned, reported on and analyzed "bottlenecks," and proposed solutions to accelerate the disbursement of public investment capital.
We are determined to strive to disburse over 95% of the plan assigned by the Prime Minister.
Concluding the meeting, Deputy Prime Minister Bui Thanh Son highly appreciated the Ministry of Planning and Investment for its good preparation and comprehensive compilation of reports on the disbursement of public investment capital; and commended the relevant ministries, agencies, and localities under Task Force No. 5 for their active and practical contributions, demonstrating a constructive spirit, high responsibility, and frank exchange of views.
"The application of policy mechanisms still varies between the central and local levels, and between ministries and sectors. The same legal document can be implemented effectively in some localities, but not in others," the Deputy Prime Minister pointed out, affirming that this is a key area to focus on in the coming period, in order to ensure timely and effective application of regulations.
Emphasizing that time is running out until the end of 2024, and in order to contribute to promoting growth, stabilizing the macroeconomy, ensuring major economic balances, and effectively implementing approved socio-economic development goals, Deputy Prime Minister Bui Thanh Son requested ministries, agencies, and localities to focus, decisively, and proactively implement flexible, creative, and timely measures and solutions to address obstacles and difficulties, thereby further accelerating the effective disbursement of public investment capital, striving to achieve over 95% of the plan assigned by the Prime Minister in 2024.
In addition, specific leadership assignments should be given to oversee project progress to ensure clarity of roles, tasks, and responsibilities; on-site inspections and supervision should be strengthened, and contractors and consultants should be urged to expedite progress; proactive review and reallocation of funds, within the scope of authority, should be carried out between projects with slow disbursement rates and those with better disbursement potential and funding shortfalls as per regulations.
"It is necessary to strengthen discipline and order in the disbursement of public investment capital, and to impose strict penalties according to regulations on investors, project management boards, organizations, and individuals who intentionally delay the allocation, implementation, and disbursement of public investment capital," the Deputy Prime Minister suggested.
In addition, Deputy Prime Minister Bui Thanh Son also noted the need to promote coordination among relevant ministries and agencies to advise competent authorities at all levels in the process of receiving, negotiating, signing, and ratifying ODA loan agreements, and managing and effectively utilizing ODA loans.
Regarding specific tasks, the Deputy Prime Minister assigned the Ministry of Planning and Investment to coordinate with the Ministry of Finance to closely monitor the progress of public investment disbursement by ministries, central agencies, and localities, and to promptly report to the Government and the Prime Minister on flexible, timely, effective, and practical management solutions to achieve the public investment disbursement target for 2024; proactively compile obstacles and shortcomings in the implementation of legal regulations on public investment. Based on that, research and propose amendments to relevant content in the draft Law on Public Investment (amended) to be submitted to the 15th National Assembly for comments at its 8th session…
The Ministry of Construction closely monitors the situation and developments in the construction materials market, especially key materials, and promptly proposes and reports to the Prime Minister on solutions to overcome difficulties and obstacles in ensuring supply and controlling prices of construction materials.
The Ministry of Finance, in coordination with the Ministry of Science and Technology and other relevant agencies, shall, within its authority, provide specific guidance on the implementation of the operational model of off-budgetary financial funds in general and the Science and Technology Innovation Fund in particular, ensuring smooth implementation.
The Ministries and agencies: Science and Technology, Industry and Trade, and the Ho Chi Minh National Academy of Public Administration should proactively coordinate with relevant units, focusing on immediately resolving obstacles within their authority. If necessary, they should report specifically to the Government leaders in charge in November 2024 for immediate handling, avoiding prolonged delays.
Local People's Committees should focus on accelerating land clearance work, prioritizing the allocation of sufficient funds for compensation and land clearance for areas that meet the necessary conditions; preventing projects from waiting for land, especially nationally important projects; resolving difficulties related to licensing mines and exploiting raw materials such as stone, sand, and soil to serve projects; and publishing prices of common construction materials in the area according to their authority and legal regulations.../.
Source: https://baotainguyenmoitruong.vn/pho-thu-tuong-bui-thanh-son-can-nghien-cuu-van-dung-tot-co-che-chinh-sach-de-day-manh-giai-ngan-dau-tu-cong-383361.html
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