Rapidly disburse public investment capital from the beginning of the year

Recognizing public investment as a driving force for growth and economic development, Phu Yen province has promptly directed its departments, agencies, investors, and local People's Committees to actively accelerate the construction progress of projects and works using public investment capital; determined to achieve the highest possible disbursement rate of public investment capital in 2025.

 

Decisive leadership

 

From the beginning of 2025, the Government and the Prime Minister issued numerous directives to decisively allocate and disburse public investment capital for 2025. However, as of January 23rd, the detailed allocation of public investment capital for 2025 had only reached 96.07% of the plan assigned by the Prime Minister; a significant amount of capital (approximately VND 84,840.5 billion) remains unallocated across 26 ministries and central agencies and 48 localities; and disbursement by the end of January reached only 1.26% of the plan assigned by the Prime Minister (compared to 2.58% in the same period of 2024).

 

The Prime Minister requested that ministries, central and local agencies seriously review the responsibilities of individuals and groups who have not performed well, and handle them according to the regulations of the Party and the laws of the State. At the same time, he requested the focused and targeted implementation of solutions to accelerate disbursement progress from the early months of the year.

 

For Phu Yen province, the total public investment capital managed by the province in 2025 is VND 4,783.55 billion (an increase of VND 15.95 billion compared to the central government's allocation), and to date, approximately VND 3,962.78 billion has been allocated in detail (reaching 82.8% of the total allocated capital). The Provincial Party Committee has issued a document requesting the Party Committee of the Provincial People's Committee, and the Party Committees of districts, cities, and towns to thoroughly understand and clearly define the disbursement of public investment capital according to the plan as one of the key annual tasks requiring the involvement of the entire political system; requiring the inclusion of public investment capital disbursement results into the annual evaluation and ranking criteria for relevant collectives and individuals; and focusing on removing difficulties, resolving bottlenecks, and promoting the disbursement of public investment capital.

 

According to Comrade Ta Anh Tuan, Deputy Secretary of the Provincial Party Committee and Chairman of the Provincial People's Committee, the Provincial People's Committee has directed relevant departments, agencies, investors, and local People's Committees to focus on resolving difficulties and obstacles in public investment projects. In addition, investors are focusing on urging and accelerating the implementation progress of each project and the disbursement of public investment capital, while improving the quality of construction; especially key projects to celebrate the Party Congresses at all levels for the 2025-2030 term. Heads of agencies, units, localities, and investors are further enhancing their responsibility in on-site inspection and supervision, directing and urging progress, and promptly identifying difficulties and obstacles to address or report and propose solutions to competent authorities.

 

Positive signs

 

With public investment disbursement reaching nearly 92% in 2024, the Provincial Investment and Construction Project Management Board is rapidly implementing solutions to achieve even higher targets in 2025.

 

Mr. Dang Khoa Dam, Director of the Provincial Investment and Construction Project Management Board, said that in 2025, the unit will implement 47 projects. To date, the province has allocated approximately 2,000 billion VND to the Board. The Board has developed a detailed plan, focusing on disbursement from the beginning of the year; it is expected that 25% will be disbursed in the first quarter. Priority will be given to several projects that must be completed by September 2025, such as: the Provincial Obstetrics and Pediatrics Hospital project; the renovation and repair of the Dien Hong Cultural Center; and the Luong Van Chanh Specialized High School.

 

In Dong Hoa town, the local authorities are mobilizing the entire political system to implement solutions. According to Mr. Nguyen Le Vi Phuc, Chairman of the Town People's Committee, immediately after the Tet holiday, contractors began construction on projects in the area. For new projects with allocated capital in 2025, investors are completing bidding and contract awarding procedures according to regulations to ensure they are eligible for commencement and capital disbursement in the first few months of the year. In addition, land clearance work is being carried out vigorously, from the stages of document preparation and appraisal to public awareness campaigns. Specialized departments are focusing on resolving difficulties and obstacles in the land clearance process, clearly defining deadlines for resolving issues and reporting cases beyond their authority to higher levels.  

In the 2025 public investment disbursement plan, the Provincial People's Committee requires project owners to focus on implementation in the early months of the year. Investment preparation must be thorough, timely, and in accordance with regulations, while also being proactive and flexible in implementation. Units must develop monthly and quarterly implementation plans with specific timelines for each project category; and thoroughly address the shortcomings and limitations of 2024 that affected the public investment disbursement rate.

 

Comrade Ta Anh Tuan, Deputy Secretary of the Provincial Party Committee, Chairman of the Provincial People's Committee

NHU THANH

Source: https://baophuyen.vn/82/326396/cap-toc-giai-ngan-von-dau-tu-cong-ngay-tu-dau-nam.html