Take drastic action, remove obstacles, promote disbursement of public investment capital in 2025

Attending the event were Deputy Prime Ministers, leaders of ministries, branches and provincial and municipal bridges. At the Quang Nam provincial bridge, Vice Chairman of the Provincial People's Committee Ho Quang Buu chaired with representatives of departments and branches.

Vice Chairman of the Provincial People's Committee Ho Quang Buu chaired the bridge at the Provincial People's Committee. Photo: THANH CONG

Speaking at the conference, Prime Minister Pham Minh Chinh emphasized: Public investment is an important "midwife", activating all social resources in the context that the three traditional driving forces (investment, consumption, export) are facing many challenges.

Consumption has not recovered strongly after the pandemic, broken supply chains, natural disasters and geopolitical tensions have reduced the competitiveness of Vietnamese goods.

Exports are facing difficulties due to conflicts, fluctuations in transportation costs and difficulties in market diversification. While new drivers such as the digital economy and circular economy are still in their infancy, public investment must play a leading role. However, disbursement progress remains sluggish and ineffective.

The Prime Minister requested ministries, branches and localities to get rid of old thinking and act decisively with the spirit of "5 clear" (clear tasks, clear responsibilities, clear progress, clear results, clear solutions).

The Prime Minister emphasized the need for thorough decentralization to avoid the situation where the Central Government approves each project at the commune and district levels. Localities must improve their implementation capacity, strengthen supervision, strictly handle officials who delay, and propose institutional adjustments if necessary.

The Prime Minister called on leaders at all levels not to sit around and wait, but to be responsible to the people; to clearly report which ministries, branches and localities are doing well and which are weak in order to learn from experience and take action.

Chairman of the Provincial People's Committee Le Van Dung, Vice Chairman of the Provincial People's Committee Tran Nam Hung and delegates inspected the intersection between Nguyen Tat Thanh Street and National Highway 40B. Photo: THANH CONG

According to the report of the Department of Finance of Quang Nam, by May 15, 2025, the province's disbursed public investment capital reached nearly 1,757 billion VND, equivalent to 18.77% of the plan (9,356 billion VND), higher than the same period in 2024 (14.49%).

Of which, central budget capital is 511 billion VND (17.4%), local budget capital is 1,053 billion VND (19.6%), and 2024 extended capital is 193 billion VND (18.46%).

The cause of the delay was determined to be the prolonged site clearance, lack of land for leveling and complicated procedures with ODA capital. Key projects such as coastal road 129, Van Ly bridge and access road, Tam Hoa main road are stuck with site clearance in Thang Binh, Nui Thanh, Duy Xuyen, Dai Loc, Dien Ban...

Land clearance problems are affecting the progress of public investment disbursement. In the photo: Provincial Party Secretary Luong Nguyen Minh Triet inspects the progress of the Tam Hoa main road project . Photo: THANH CONG

In the coming time, Quang Nam requires departments, branches, investors and district-level People's Committees to allocate detailed capital plans for 2025, prioritize payment of basic construction debts; strengthen the activities of working groups, and remove obstacles to site clearance and materials.

The province will proactively review and adjust or propose to competent authorities to adjust the 2025 capital plan for projects with low disbursement rates to projects in need of additional capital in the second quarter of 2025 (if necessary). Priority will be given to allocating capital to pay off outstanding debts for basic construction, and recovering all advanced capital (if any) in accordance with the law. At the same time, budget collection will be promoted, especially land use revenue (currently only reaching 8% of the estimate).

Quang Nam also proposed extending 117 billion VND of capital from 2024 to 2025 from the central budget for 3 projects and applying the mechanism of Resolution No. 111/2024/QH15 to flexibly adjust capital between projects in the same national target program.

Source: https://baoquangnam.vn/hanh-dong-quyet-liet-thao-go-vuong-mac-thuc-day-giai-ngan-von-dau-tu-cong-2025-3155145.html