On the afternoon of March 29th, Mr. Nguyen Van Thi, Member of the Standing Committee of the Provincial Party Committee and Permanent Vice Chairman of the Provincial People's Committee, chaired a working session with the Department of Debt Management and External Finance ( Ministry of Finance ), led by Mr. Hoang Hai, Deputy Director, regarding the implementation and disbursement of foreign capital.
Permanent Vice Chairman of the Provincial People's Committee Nguyen Van Thi speaks at the working session.
According to the report of the Provincial People's Committee, the total foreign investment plan for Thanh Hoa province in 2023 was allocated at VND 628.5 billion. This capital has been allocated in detail to 6 projects as prescribed. As of January 31, 2024, the disbursed value of foreign investment capital in 2023 reached VND 320.5 billion, achieving 51%.
Representatives from the Department of Planning and Investment reported on the implementation and disbursement of foreign capital in the province.
In 2024, Thanh Hoa province allocated nearly 538.8 billion VND in foreign investment capital for two ODA and preferential foreign loan projects; of which, over 429 billion VND was foreign capital included in the central government budget and 109.5 billion VND was re-lent. These are transitional projects that have completed all necessary documentation and procedures as required and are being expedited to ensure completion according to the signed agreements.
Representatives from the Department of Debt Management and External Finance and relevant units and localities of Thanh Hoa province attended the working session.
Thanh Hoa province has requested the Ministry of Finance to consider and guide the province on the allocation of foreign capital in 2023 and the recording of revenue and expenditure for a number of suitable projects; and at the same time, to consider adjusting and increasing the total investment capital from the local budget deficit in 2024 from VND 109.5 billion to VND 180.7 billion.
The Director of the Project Management Board for Investment and Construction in the Nghi Son Economic Zone and Industrial Parks reported on difficulties related to the Integrated Development Project of Dynamic Urban Areas - Tinh Gia Urban Sub-project, Thanh Hoa province.
During the meeting, representatives from provincial departments and agencies, investors, and localities discussed and explained some difficulties in implementing and disbursing funds in the past, such as: some projects had to report to competent authorities for consideration of investment policy adjustments, thus lacking a basis for implementation; fluctuating and scarce prices of construction materials affected the contractor's financial plan and construction progress; the investment implementation process and contractor selection plan for packages using aid funds created procedural complications; difficulties in allocating counterpart funds and accounting for revenue and expenditure of ODA funds for disbursed amounts that have not yet been recorded...
The Director of the Project Management Board for Investment and Construction of Agricultural and Rural Development Projects reported on the implementation status of the Ngoc Lac Urban Infrastructure Improvement Sub-Project in Ngoc Lac District, Thanh Hoa Province.
Based on reports and discussions from departments, agencies, and investors, the working group from the Department of Debt Management and External Finance noted the recommendations; and at the same time suggested specific solutions and approaches for Thanh Hoa province to overcome difficulties and facilitate the disbursement of this capital.
Comrade Hoang Hai, Deputy Director of the Department, led the delegation on the implementation and disbursement of foreign capital and spoke at the working session with Thanh Hoa province.
Deputy Director Hoang Hai requested that the investors of the Integrated Urban Development Project - Tinh Gia Urban Sub-project in Thanh Hoa province and the Ngoc Lac Urban Infrastructure Improvement Sub-project in Ngoc Lac district, Thanh Hoa province, study, consider, and promptly propose adjustments to the completion time for the two projects. At the same time, the working group requested that Thanh Hoa province direct the investors and local authorities to actively coordinate and resolve related issues, creating favorable conditions in terms of legal basis and land to accelerate project progress. The Ministry of Finance is committed to always supporting Thanh Hoa province, its departments, and investors in allocating funds in a timely manner.
Speaking at the meeting, Standing Vice Chairman of the Provincial People's Committee Nguyen Van Thi said: In recent times, thanks to the attention of the Government and central ministries and agencies, Thanh Hoa province has been prioritized in the allocation of preferential foreign capital to meet investment needs and accelerate the progress of projects that are of practical significance to the socio-economic development of the province. However, due to various reasons related to institutions and land clearance, some projects have not met the expected progress.
The Standing Vice Chairman of the Provincial People's Committee delivered a speech at the working session.
The Standing Vice Chairman of the Provincial People's Committee emphasized: In 2024, Thanh Hoa province is making great efforts and is determined to direct the investors and relevant units and localities to overcome difficulties and accelerate the implementation and disbursement of capital for two projects: the Integrated Development Project of Dynamic Urban Areas - Tinh Gia Urban Sub-project, Thanh Hoa province, and the Ngoc Lac Urban Infrastructure Improvement Sub-project, Ngoc Lac district, Thanh Hoa province. These two projects are identified as contributing to changing the infrastructure of Nghi Son town and the mountainous Ngoc Lac district. Therefore, based on the suggestions of the working group, he requested that the investors proactively develop and promptly submit to the Provincial People's Committee a report to the competent authorities on solutions to overcome difficulties and obstacles to promote implementation and capital disbursement.
Members of the delegation speak at the working session.
He also expressed his sincere gratitude for the attention of the Department of Debt Management and External Finance (Ministry of Finance) in suggesting ways to overcome difficulties, and hoped for continued attention to the allocation of preferential foreign capital for new projects; especially projects in mountainous and midland districts, projects in the fields of agriculture and environment that require funding from international organizations and are in accordance with Vietnamese legal conditions.
Minh Hang
Source
Comment (0)