Resolutely promote disbursement of public investment capital

In the context of the whole country striving to achieve the dual goal of socio-economic development and maintaining macroeconomic stability, public investment continues to be identified as an important driving force for growth. In Nam Dinh, with the close and drastic direction from the Provincial People's Committee, the implementation, allocation and disbursement of public investment capital (PIC) are having many positive changes, especially in key strategic projects.

The Provincial General Hospital is urgently completing the final stages to soon put into operation and use.

Proactively manage resources, flexibly allocate capital, and accelerate disbursement

According to Vice Chairman of the Provincial People's Committee Ha Lan Anh: “In 2025, Nam Dinh was assigned by the Prime Minister a capital investment plan of VND 8,041.644 billion. However, in an effort to maximize resources, the province has flexibly supplemented from many channels, raising the total allocated capital plan to VND 13,646.291 billion, an increase of nearly 70% compared to the initial level. Notably, sources from revenue transfer, expenditure savings (VND 953.395 billion), land use fees transferred to 2025 (VND 516.463 billion) and previous year's extended capital (VND 34.789 billion). This initiative demonstrates the province's determination to utilize all resources to promote infrastructure development, economic recovery and improve people's quality of life".

In addition, the province has allocated and assigned in detail the entire State budget investment plan for 2025 assigned by the Chairman of the Provincial People's Committee to ensure compliance with the principles and priority order of capital allocation according to the provisions of the Law on Public Investment, Decrees guiding the implementation of the Law, Resolutions of the Provincial People's Council and Decisions of the Provincial People's Committee. The Chairman of the Provincial People's Committee also requested departments, branches, and Chairmen of the People's Committees of districts and cities to promote their responsibilities, focus on directing, leading, and implementing more drastic tasks and solutions to promote the disbursement of public investment capital in 2025. The working group of the Provincial People's Committee, according to its assigned functions and tasks, regularly inspects, urges, and removes difficulties and obstacles to promote the disbursement of public investment capital in the province.

In particular, the province prioritizes rapid disbursement for key projects with regional connectivity and development momentum, such as: Phase II of the project to build a development axis connecting the Nam Dinh province's marine economic zone with the Cau Gie - Ninh Binh expressway (provincial road 490); the new Nam Dinh - Lac Quan - coastal road (provincial road 484), including the Lac Quan bridge; the bridge over Dao river; the southern axis of Nam Dinh city (section from Vu Huu Loi street to National Highway 21B); the Provincial General Hospital; projects under the Socio-Economic Recovery and Development Program (project to build a bridge over the Day river connecting Nam Dinh and Ninh Binh provinces; investment project to build a CDC disease control center); projects to build infrastructure for urban areas, concentrated residential areas, and resettlement areas of districts and cities.

As of April 30, 2025, the province has disbursed VND 2,190,874 billion, reaching 27.24% of the capital plan assigned by the Prime Minister . It is estimated that by the end of May 2025, this figure will reach VND 3,837,276 billion (47.72%). Compared to the large scale of the capital plan that the province has supplemented and approved (VND 13,646,291 billion), the estimated disbursement rate of 28.23% is the result of great efforts in the context of many problems that have not been thoroughly resolved. In particular, the payment of the previous year's planned capital was extended to 44.36%, higher than the average, showing the initiative in handling the backlog from the previous year, not wasting resources.

Remove bottlenecks, tighten discipline, increase responsibility of leaders

Despite the positive initial results, the disbursement rate for the 2025 capital plan is still low, reaching only 28.19%; especially in key projects and national target programs. In the group of national target programs, with a total capital allocated in the year of only VND 243,637 billion, the disbursement rate is still very low; by the end of April 2025, the newly disbursed development investment capital reached 2.35%, and the newly disbursed public service capital was 1.76%. The main reasons include: Investment procedures are complicated and lengthy, especially for projects using central budget capital, which often have to simultaneously implement many regulations related to planning, land, environment, contractor selection, etc., causing the approval and commencement progress to be slow. In addition, many projects have completed the workload but have not yet been able to disburse because investors have not completed the acceptance and payment procedures. Particularly for capital from land use fees, the slow progress of auction organization in some localities has resulted in no revenue to spend on projects for which capital has been allocated.

Faced with these challenges, the Provincial People's Committee has instructed all levels and sectors to continue to strictly implement the Resolutions and directives of the Government, the Prime Minister, ministries, central sectors and the Provincial People's Committee; seriously implement the spirit of "disbursement must go hand in hand with efficiency", ensure progress but not loosen discipline, absolutely not allow loss or negativity to occur.

The province requires all levels of government and functional sectors to strengthen decentralization and delegation of authority, clearly define the responsibilities of each level and sector, and leaders must take personal responsibility for each project and specific disbursement progress. Focus on discipline and order in disbursement of public investment funds; have strict sanctions according to regulations for investors, project management boards, organizations and individuals who intentionally delay the progress of capital allocation, implementation and disbursement of public investment funds; promptly replace cadres, civil servants and public employees who are weak in capacity, slow, cause harassment and trouble, resolutely handle negative and corrupt behaviors in public investment management. Strictly implement the regime of periodic or ad hoc reporting on public investment according to regulations; pay attention to improving the quality of information and reports, fully assess the implementation results, shortcomings and limitations and promptly propose and recommend competent authorities to resolve difficulties and problems. Promote administrative procedure reform, apply information technology in handling procedures on public investment, implement control of domestic capital expenditure and capital withdrawal requests of donors using electronic documents, digital signatures, simplify the process of controlling expenditure and capital withdrawal requests according to the guidance of central ministries and branches. The province will strengthen field control, inspection, post-inspection, ensure disbursement goes hand in hand with project quality and compliance with the law. The special working group of the Chairman of the Provincial People's Committee on disbursement of public investment capital regularly urges and inspects the field, promptly removes difficulties and problems that arise.

Currently, the province is focusing on removing major bottlenecks in project implementation such as: site clearance, handling land and resource problems... At the same time, promoting the progress of key infrastructure projects: Ninh Binh - Hai Phong Expressway (section through Nam Dinh); Ninh Cuong Bridge project; preparing to prepare a pre-feasibility study report for Ha Nam - Nam Dinh Expressway (CT.11), phase 1 from Phu Ly city, Ha Nam province to Nam Dinh city...; at the same time, speeding up the disbursement of 2 National Target Programs: New Rural Development and Sustainable Poverty Reduction; proactively reviewing and transferring capital from slow-moving projects to projects with good progress to avoid the situation of "projects with capital but not being able to spend it".

With high political determination, strong direction from the Provincial People's Committee and a flexible and scientific control mechanism, the disbursement of public investment capital in Nam Dinh is gradually overcoming difficulties, creating an important impetus for economic growth, infrastructure development and improving the quality of life of the people.

Article and photos: Thanh Thuy

Source: https://baonamdinh.vn/kinh-te/202505/quyet-liet-thuc-day-giai-ngan-von-dau-tu-cong-be22671/