Immediately after receiving the 2024 capital plan from the Prime Minister , the Department of Planning and Investment advised the Provincial People's Committee to allocate detailed funds to eligible projects…
Looking back at the disbursement results
While the disbursement of public investment capital in Binh Thuan in 2023 showed certain positive results, the locality frankly acknowledges its shortcomings. As of January 31, 2024, the province had disbursed 4,079,234 out of 4,868,977 million VND, reaching 84.29% of the plan. Although slightly higher than the national average (82.47%), it has not yet met the target of over 95%. The province recorded 10 project owners who disbursed over 95% of their allocated capital, while many others disbursed less than 50%, or even none at all. In addition, the construction progress of some projects remains slow, many projects are facing difficulties with compensation and land clearance, and some project owners are slow in completing the necessary procedures and submitting investment project approvals.
Explaining the reasons affecting this work, the Department of Planning and Investment stated that some land regulations are not in line with reality, leading to many difficulties in compensation and land clearance. Government agencies at all levels, or heads of departments and localities, have not truly engaged or focused on resolving the difficulties and obstacles of projects that have been and are being implemented. Furthermore, a reluctance to handle procedures related to land, land clearance, and investment procedures, especially for projects in the transportation and irrigation sectors, has affected the disbursement rate of public investment capital.
Another reason is that changes in policies, regulations, or low-quality project preparation, as well as inadequate survey and design work, have led to many projects that have already received investment approval and investment decisions having to be adjusted, thus prolonging the time required for preparing investment projects for construction works. In addition, coordination between investors and relevant departments and localities during the preparation, appraisal, and approval of investment projects is also not close enough and tends to be reactive…
Determined right from the beginning of the year.
This year, Binh Thuan province has been allocated a total public investment capital of 5,084,104 million VND by the Prime Minister. Therefore, the entire province will focus on accelerating implementation progress and striving to disburse over 95% of the plan… According to the Department of Planning and Investment, immediately after receiving the capital allocation plan from the Prime Minister, the department promptly advised the Provincial People's Committee on the detailed allocation for eligible projects. As a result, to date, a total of 3,863,757 million VND has been allocated, with the remaining 1,220,347 million VND to be allocated in detail in the near future when the conditions are met.
Based on the results of public investment disbursement in 2023, the locality has also drawn some lessons learned to focus on implementing this work more effectively in the future. These include improving the quality of project planning, appraisal, approval, design, and bidding processes to ensure timeliness, efficiency, and timely allocation of funds for projects from the beginning of the year, while adhering to the principles of capital allocation as stipulated in the Law on Public Investment. Simultaneously, it is necessary to strengthen discipline and order in public investment disbursement, emphasizing the role and responsibility of the head of each agency and unit, and linking the responsibility of the head of each agency and unit to the disbursement results. Furthermore, it is important to regularly review the progress of each project, strengthen coordination between departments, district-level People's Committees, and investors to promptly resolve difficulties and obstacles during implementation, especially in compensation and land clearance, in order to accelerate the disbursement of public investment funds...
In this regard, the leaders of the Provincial People's Committee also requested that all levels, sectors, and localities identify the disbursement of public investment capital as an important task and focus on directing and demonstrating determination from the beginning of the year to accelerate the implementation progress... In the first two months of the year, Binh Thuan continued to focus resources on accelerating the implementation of infrastructure projects, key works, and transportation projects in the province. Specifically, by mid-February 2024, the province had disbursed over 131 billion VND in public investment capital, reaching 3.6% of the plan.
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