Enhancing discipline and order in the implementation of public investment plans.
On the afternoon of June 25th, at the 18th Conference of the Executive Committee of the Hanoi City Party Committee, 17th term, Vice Chairman of the Hanoi People's Committee Nguyen Manh Quyen stated that the disbursement of public investment plans has shown progress. In 2024, the Central Government allocated 81,033 billion VND to Hanoi, 1.72 times higher than in 2023; as of June 15th, 2024, the entire city had disbursed 17,175 billion VND, reaching 21.2% of the plan, exceeding the cumulative disbursement in the same period of 2023 by 1,244 billion VND and ranking second nationwide in absolute value after the Ministry of Transport . Several districts achieved very good disbursement results, such as: Dong Da (92.6%), Ba Dinh (85.5%); Hoan Kiem (57.2%), Gia Lam (47%), and Hoang Mai (43.8%).
Based on the opinions of the delegates, the Party Committee of the People's Committee of Ho Chi Minh City continues to direct the synchronized implementation of tasks and solutions to strive for the highest possible completion of the 2024 plan. The focus is on effectively implementing Plan No. 42 dated January 31, 2024 and Plan No. 143 dated May 7, 2024 of the People's Committee of Ho Chi Minh City on promoting the implementation of the 5-year medium-term public investment plan 2021-2025, accelerating project implementation progress, disbursing public investment plan funds for 2024 and key projects of the city.
Key priorities include: expediting the completion of investment procedures to ensure the allocation of capital plans in accordance with regulations; accelerating the implementation of key projects; and decisively deploying projects in each sector and field, especially those with large capital plans.
In addition, focus on resolving and removing difficulties and obstacles for projects, including city-level projects, city-funded projects supporting district-level objectives, and district-level budget projects. Improve discipline and order in the implementation of the public investment plan. Conduct a comprehensive assessment of the medium-term public investment plan, review all tasks and projects from the 2021-2025 period transitioning to the 2026-2030 period, as a basis for preparing the orientation for the medium-term public investment plan for the 2026-2030 period.
Improving the disbursement rate of investment capital creates momentum to promote socio -economic development.
According to Vice Chairman of the Ho Chi Minh City People's Committee Nguyen Manh Quyen, the plan to adjust the 2024 public investment plan has been reviewed by the Party Committee and the People's Committee of Ho Chi Minh City in accordance with regulations and based on the capital absorption capacity and implementation progress of each project.
At the same time, to strengthen discipline and order in the management of land for disbursing public investment capital, the city has directed that units requesting adjustments to capital plans must commit to disbursing 100% of the adjusted capital plan, including both upward and downward adjustments.
However, the reality is that some projects have been stalled for many years, and even now, proposals are being made to reduce the allocated capital. This group of projects mainly involves land clearance issues. The city has requested that investors make efforts to implement these projects; at the same time, it has assigned relevant departments to continue advising on resolving difficulties and obstacles for these projects…
Furthermore, in 2024, the Central Government allocated a much higher capital plan to the city than in 2023. The city adjusted its 2024 public investment plan to help accelerate project implementation and improve disbursement rates, creating momentum for the city's socio-economic development.
Several solutions to accelerate project implementation.
According to Vice Chairman of the Ho Chi Minh City People's Committee Nguyen Manh Quyen, the Party Committee of the Ho Chi Minh City People's Committee is currently developing a preliminary public investment plan for 2025, estimated at 81,392 billion VND, based on the results of a preliminary review and assessment of public investment resources. This plan will be submitted to the City Party Committee and the City People's Council for their opinions before being presented to the Ministry of Planning and Investment and the Ministry of Finance before July 15, 2024.
After the Central Government announces the official capital plan for the city, the Party Committee of the People's Committee of Ho Chi Minh City will continue to direct the review and completion of the 2025 Public Investment Plan (Round 2), report to the City Party Committee for approval, and submit it to the City People's Council for official resolution at the end-of-year 2024 session, ensuring that it adheres to the objectives, orientations, principles, and order of capital allocation and project list for 2025; is consistent with the 5-year medium-term public investment plan 2021-2025 approved by the City Party Committee and the City People's Council; and is in line with the ability to balance capital sources to focus on implementing key projects and works in the 2021-2025 period, projects addressing pressing social issues, the 3-sector plan, and national target programs... which the City Party Committee is focusing on leading and directing decisively.
According to Vice Chairman of the Ho Chi Minh City People's Committee Nguyen Manh Quyen, the city-level medium-term plan has allocated 144,878 billion VND annually for the 2021-2024 period, accounting for 57% of the plan. A significant amount, 109,437 billion VND (43% of the plan), remains to be allocated from now until 2025. Meanwhile, many city-level projects have limited capital absorption capacity and are slow to complete investment procedures. With only a year and a half remaining until the end of the 5-year medium-term plan (2021-2025), the city is directing various solutions to accelerate investment preparation, project implementation, and improve disbursement rates.
To expedite investment preparation and prepare for the 2026-2030 medium-term public investment plan, at the July 2024 session of the City People's Council, the City People's Committee submitted to the City People's Council for approval the investment policy for 8 Group B projects using entirely city-level budget funds with a total estimated investment of 4,029 billion VND.
“These are important projects, already included in the investment portfolio in the City People's Council Resolutions, and projects for which the City People's Committee has assigned the task of preparing investment policies, and whose dossiers have now been completed. The Party Committee of the City People's Committee proposes that the City Party Committee consider and approve the policy allowing the approval of investment policies for projects to be implemented in the period 2026-2030,” emphasized Vice Chairman of the City People's Committee Nguyen Manh Quyen.
Source: https://kinhtedothi.vn/ha-noi-dieu-chinh-von-dau-tu-cong-uu-tien-du-an-quan-important.html
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