Quang Ngai still has 3,700 billion VND that have not been disbursed.

Disbursement is significantly lower than the national average.

In 2024, the total investment capital plan allocated to Quang Ngai province was 6,902 billion VND. Of this, 5,045 billion VND came from the local budget and 1,857 billion VND from the central government budget.

To date, the province has allocated 5,698 billion VND in detail to eligible tasks and projects for funding in 2024; 1,205 billion VND remains unallocated from uncollectible land use revenue and local budget deficit funds.

According to a report from the Department of Planning and Investment, as of October 31st, the province had disbursed approximately 1,940 billion VND, equivalent to 28.1% of the allocated capital plan and 34% of the disbursed capital plan. It is estimated that by November 30th, the disbursement will reach approximately 2,497 billion VND, equivalent to 36.2% of the allocated capital plan and 43.8% of the disbursed capital plan.

Key projects have very low disbursement rates.

For the province's 8 key projects, the disbursement rate as of October 31st was only over 21%. To date, Quang Ngai still has 3,700 billion VND undisbursed, with the largest amount of undisbursed capital belonging to the Provincial Project Management Board for Investment and Construction of Transportation Works (1,617 billion VND) and the Provincial Police Department (143 billion VND remaining).

Local authorities still have 915 billion VND remaining (Binh Son District People's Committee: 135 billion VND, Quang Ngai City People's Committee: 229 billion VND)... Based on a preliminary review, it is projected that the 2024 public investment plan will only reach approximately 57% of the allocated capital.

Notably, in 2024, Quang Ngai province has 49 projects carried over from 2023 with a total capital of VND 937.7 billion. Of these, 33 projects are required to be completed in 2024, but as of October 31st, the province had only disbursed VND 330 billion, reaching 35% of the extended capital plan. It is estimated that by November 30th, the disbursement will reach VND 460 billion, or 49% of the extended capital plan.

Overall, the province's disbursement results in the past 10 months were much lower than the national average (52.3%) and lower than the same period in 2023 (49.3%).

In absolute terms, the figure is lower than 1,400 billion VND; in particular, key projects and inter-regional coastal transport projects have very low disbursement rates and slow progress in land handover.

According to investors, in addition to subjective and inherent reasons affecting the progress and disbursement of public investment capital plans, the disbursement of investment capital also faces a number of difficulties and obstacles during the actual construction process, especially in land clearance.

Currently, in the entire province, only 7 investors have disbursement rates higher than the national average, 9 investors have disbursement rates at the national average, and 10 investors have disbursement rates lower than the national average.

Investors in the low-disbursement group have committed to achieving a disbursement rate of 50%–99% of their allocated capital by December 31st. According to estimates from the Department of Planning and Investment, the province-wide disbursement rate will reach approximately 40% by the end of November 2024 and around 80% by the end of 2024.

Strive for a disbursement rate of 80% or higher.

In light of the above situation, at the meeting to review the results of public investment disbursement in the first 10 months of 2024, the progress of key projects, and the key tasks and work for the last two months of 2024 on the afternoon of November 16th, the Chairman of the Quang Ngai Provincial People's Committee, Nguyen Hoang Giang, requested that investors with low disbursement rates discuss solutions to accelerate construction progress and capital disbursement, emphasizing that the focus should be on solutions rather than difficulties.

Chairman of the People's Committee of Quang Ngai province, Nguyen Hoang Giang.

The entire political system must make greater efforts, be more determined, and focus on removing bottlenecks to accelerate the implementation of projects, striving for the province's disbursement rate to reach 80% or higher by the end of 2024.

The Chairman of the Provincial People's Committee also instructed the leaders of the Provincial Project Management Board for Investment and Construction of Transport Works - the unit accounting for a large proportion of the province's public investment capital - to study solutions, review, and calculate implementation plans for projects, ensuring the highest possible disbursement rate, contributing to raising the province's disbursement rate this year.

Local leaders must coordinate closely and support the Provincial Project Management Board for the construction of transportation infrastructure projects in resolving difficulties and focusing on compensation and resettlement to expedite the handover of land to investors for project implementation.

Source: https://kinhtedothi.vn/quang-ngai-con-3-700-ty-dong-chua-giai-ngan.html