Removing difficulties to promote disbursement of public investment capital

Implementing the direction of the Government, the Provincial Party Committee and the People's Committee of Thai Nguyen province on accelerating the disbursement of public investment capital, the People's Committee of Thai Nguyen city has proactively developed a detailed plan, allocated capital for each specific project and directed departments, offices, units and localities to focus maximum resources to implement related tasks. The authorities have made efforts to implement, however, the capital disbursement results in the first quarter of 2025 are still low compared to the requirements, not reaching the proposed progress. This poses many major challenges, affecting the progress of implementing key projects in the area if not promptly and effectively resolved.

Báo Thái Nguyên•15/05/2025

The landscape construction project behind Vo Nguyen Giap Square (Thai Nguyen City) is being implemented.

The landscape construction project behind Vo Nguyen Giap Square (Thai Nguyen City) is being accelerated.

The total public investment capital plan for 2025 of Thai Nguyen City is 939,894 million VND, of which the capital allocated in the year is 891,375 million VND, the capital extended from 2024 is 48,519 million VND. By the end of the first quarter of 2025, the city had only disbursed 51,717 million VND, reaching 5.5% of the annual plan. Of which, the capital collected from land use fees was disbursed 45,728 million VND (5.38%), the decentralized provincial budget capital had not been disbursed, the capital of the national target program was disbursed 1,532 million VND (4.44%), the capital extended from 2024 was disbursed 4,457 million VND (9.19%).

The above results clearly reflect the difficulties in implementing public investment in Thai Nguyen City. Many newly-started projects are in the process of completing investment procedures, requiring opinions from many departments and branches, or needing to adjust planning, scale, and total investment to suit the actual situation. The suspension of administrative headquarters projects under the direction of the Central Government and the Provincial People's Committee affects the capital allocation and deployment plan.

In addition, in 2024, the city has focused on advancing capital for a number of major projects, such as Quang Vinh 1 bridge, Quang Vinh 2 bridge, the Dong Bam - Quang Vinh - Cao Ngan connecting road, Thanh Nien Xung Phong road..., so the task in 2025 is mainly to organize construction to complete the advance, without generating new volume.

Another important reason is the slow progress of compensation and site clearance due to difficulties in resettlement arrangements, lack of agreement on compensation plans or lack of consensus from the people, leading to no site to hand over to the contractor. In addition, the source of filling materials (such as embankment soil) is increasingly scarce, many mines have expired and have not been re-licensed, while market prices have increased but have not been updated in a timely manner into the price notification system, causing difficulties in preparing, appraising and approving cost estimates. The failure to identify concentrated waste dumping locations also affects the construction process, slowing down the project implementation progress...

In that situation, Thai Nguyen City aims to disburse about VND 310,297 million in public investment capital in the second quarter of 2025, raising the disbursement rate to about 33% of the annual plan. Of which, capital collected from land use fees is expected to disburse VND 261,333 million (30.73%), decentralized provincial budget capital disbursed VND 2,533 million (39.25%), national target program capital disbursed VND 19,651 million (56.97%), and capital extended from 2024 disbursed VND 26,780 million (55.19%). To achieve this goal, the city is focusing on directing and drastically implementing many solutions to remove difficulties and obstacles in each stage.

Accordingly, the People's Committee of Thai Nguyen City requested investors to speed up the completion of investment procedures for newly started projects; review and update the implementation progress and detailed disbursement plans for public investment capital on a monthly and quarterly basis; promptly report on any problems for resolution. Localities closely coordinate with the City Land Fund Development Center in site clearance for project implementation, ensuring the handover of "clean" sites as committed.

The city also promotes the auction of land use rights in residential areas, urban areas, and interspersed land to increase budget revenue and create resources for public investment. For completed projects, investors and project management boards are required to focus on acceptance, handover, and timely settlement of investment capital, avoiding spreading and prolonging the process.

Disbursement of public investment capital is an important driving force for socio-economic development of Thai Nguyen City. In the context of many objective difficulties, the task for the locality is to take drastic actions, proactively remove "bottlenecks", speed up the implementation of projects and disbursement of public investment capital, creating a solid foundation for growth and sustainable development in the coming time.

Source: https://baothainguyen.vn/kinh-te/202505/go-khothuc-day-giai-nganvon-dau-tu-cong-ab82193/