Do not be passive in disbursing public investment capital

The progress of public investment disbursement has always been of special concern to the province, however, in recent times, there have been many difficulties and obstacles. Especially in the context of the current restructuring and streamlining of the organizational apparatus and administrative units, many challenges have arisen. Therefore, in order to avoid affecting the progress of public investment disbursement and creating more barriers, it is necessary to be one step ahead in management and operation.

Identifying the role and special significance of public investment disbursement in promoting socio -economic development, the province has always paid attention to and directed the acceleration of project implementation progress as well as the allocation and disbursement of public investment capital. However, due to many reasons, from objective to subjective, the province's capital disbursement progress still faces many difficulties.

The province's total public investment plan for 2025 (including 2024 carried forward) is about VND 6,396.9 billion. Accordingly, as of March 31, 2025, the whole province has disbursed about VND 367.5 billion, equivalent to 5.7% of the capital plan. This figure is not only lower than the country's general disbursement rate (reaching 8.94%), but also much lower than the same period in 2024 (disbursement of VND 717.091 billion, equivalent to 15.5% of the plan).

Projects invested by the People's Committees of communes should be accelerated to completion before the merger is best. (Photo taken on April 28, 2025 in Khanh Binh Tay commune, Tran Van Thoi district).

There are many objective reasons that have been pointed out for the slow progress of public investment disbursement in the first quarter, such as a number of newly started projects with large capital plans that are implementing procedures to meet the conditions for starting construction; a number of district and commune headquarters are stopping implementation to wait for further instructions on the policy of abolishing the district level and merging communes according to Conclusion 127-KL/TW in 2025 of the Politburo and the Secretariat... showing that the process of rearranging administrative units has somewhat affected the progress of public investment disbursement and is forecasted to continue to have more difficulties and challenges in the coming time. Especially for projects in which the People's Committee of the commune is the investor, in which it is worth noting the capital source of about 400 billion VND of 3 national target programs (MTQG).

Regarding the disbursement of capital for the 3 national target programs, Vice Chairman of the Provincial People's Committee Le Van Su stated that this is the last year of implementing the 3 national target programs, if not fully disbursed, it will be cut, so at all costs, it must be fully disbursed. "Currently, the arrangement of administrative units, agency names... is being carried out, so many projects have changed and will change the investor's name. Therefore, projects that have changed the investor's name must immediately carry out the procedures to change the decision, so as not to affect the progress. As for projects that have not changed the investor's name, they must be resolutely implemented to complete before the change, especially at the commune level. If the projects cannot be completed before the arrangement, then the necessary steps must be prepared right now so that when the arrangement is made, the investor's name will be changed", Vice Chairman of the Provincial People's Committee Le Van Su especially noted.

Regarding the management of the State budget and public investment, the Chairman of the Provincial People's Committee has issued a plan to transfer programs, tasks, projects, and public investment plans in the process of arranging and perfecting the 2-level local government apparatus. Accordingly, the implementation of the transfer of projects and public investment plans in the process of arranging and perfecting the 2-level local government apparatus is carried out in 3 stages: before, during, and after the arrangement and merger of administrative units.

Specifically, in the period before the decision and resolution on merger, a list of all public investment projects in the medium-term public investment plan for the period 2021-2025, projects under the 2025 public investment plan, public investment projects under the capital plan of previous years that have been permitted by competent authorities to be transferred to 2025, unfinished public investment projects that have not been approved by competent authorities for final settlement of completed projects, public investment projects with remaining advances from previous years that must be monitored for further recovery, public investment projects that have approved final settlement of completed projects but have not yet allocated enough capital to pay their subordinates.

Review all projects, works, and headquarters under construction or approved for investment and construction that are affected by the restructuring and streamlining of the apparatus. On that basis, research and propose solutions for each project to ensure savings and avoid loss and waste. At the same time, investors and project management boards proactively review, collect, and arrange complete project documents to ensure strict management and safety of project documents during the restructuring process. Ensure the implementation and disbursement of public investment capital of assigned projects are maintained, and do not let project implementation progress be affected during the period before the competent authority decides to restructure the apparatus.

The U Minh - Khanh Hoi road project (U Minh district) is continuing to accelerate progress. (Photo taken of the section passing through Khanh Hoi commune on April 28, 2025).

Particularly for the period during the merger and after completing the organizational arrangement, the Chairman of the Provincial People's Committee assigned the Department of Finance to review and report to the Provincial People's Committee in the next period based on the actual situation in the province.

Regarding the progress of disbursement of public investment capital in the province in recent times, in many meetings, Vice Chairman of the Provincial People's Committee Lam Van Bi directed all levels, sectors, investors... to control and manage each locality and each project, determined not to delay any further.

At a time when the province is focusing on all solutions to achieve a growth rate of 8% or more in 2025 and double digits in the following years, the disbursement of public investment capital plays a particularly important role and significance. Public investment not only contributes directly to growth but is also a "seed capital", stimulating and developing private investment, contributing to exploiting potentials and advantages to promote rapid, comprehensive and sustainable socio-economic development./.

Nguyen Phu

Source: https://baocamau.vn/khong-de-bi-dong-trong-giai-ngan-von-dau-tu-cong-a38934.html