Removing capital "bottlenecks" to speed up public investment disbursement

Determined to disburse 100% of public investment capital in 2025

At the Conference on promoting public investment growth momentum in 2025 held on the morning of May 20, Prime Minister Pham Minh Chinh emphasized the determination to disburse 100% of public investment capital this year, which is higher than the previous target of 95%. At the same time, he considered the results of public investment disbursement as an important basis for assessing the level of task completion and evaluating officials. If they are not completed, they must be reviewed and handled.

As of the end of April, the total disbursement nationwide was estimated at VND128.5 trillion, reaching 15.56% of the plan assigned by the Prime Minister . Although the rate was about 1% lower than the same period last year, the absolute value was VND18 trillion higher.

In addition to 10 ministries, central agencies and 36 localities with above-average public investment disbursement rates, there are still 37 ministries, agencies and 27 localities with lower disbursement rates. Notably, some units were assigned large amounts of capital but had low disbursement rates.

Reporting at the Conference, local leaders pointed out that the main reasons for the slow disbursement of public investment capital are compensation, site clearance, or lengthy investment procedures. Most of these problems are the responsibility of localities that they will have to focus on solving.

Further assessing the difficulties and obstacles, the Prime Minister said that, in addition to the causes that have been pointed out, there are also subjective causes in the inspection and supervision stages that are sometimes lax. Some ministries, agencies and localities have not been proactive and resolute, and even have a mentality of avoiding, shirking responsibility, and waiting for instructions. In places where Party secretaries have not been closely involved and the entire political system has not been involved, site clearance is slow; somewhere there is still a situation of avoiding, fear of making mistakes, and fear of responsibility in carrying out assigned tasks.

The Prime Minister pointed out 6 lessons that need to be implemented resolutely and seriously.

The first lesson is to seriously implement the instructions of all levels from the Central Committee, the Politburo to the Secretariat, the General Secretary, the National Assembly, the Government, the Prime Minister, the Deputy Prime Ministers, Ministers..., to seriously implement the instructions because when giving instructions, there are calculations, summaries, preliminary reviews, and research.

The second lesson is to lead with high determination, great effort, decisive action, focus and get each job done and done right. In the division of labor, there must be 6 clear rules (clear people, clear work, clear time, clear responsibility, clear product, clear authority), the spirit of leadership and direction must be from top to bottom, solving difficulties and problems must be from bottom to top.

The third lesson is that the role of the leader is decisive. In places where there is a bottleneck, when the leader changes or the leader gives strong direction, there will be immediate change and effectiveness.

The fourth lesson is that site clearance must be quick, timely and separated from the project. Clearing the site quickly and taking good care of the people will help the projects to be implemented quickly.

The fifth lesson is to decentralize, delegate power, and cut down on cumbersome administrative procedures.

Lesson 6 is to choose the right contractor. You are responsible for choosing the right contractor.

The Prime Minister requested relevant ministries and branches to guide localities to remove difficulties and obstacles in terms of raw material sources, provide guidance on technical standards, regulations, and unit prices before June 15; thoroughly resolve planning-related problems within their authority; promptly amend, supplement, and issue regulations and instructions on decentralization and delegation of authority when organizing two-level local governments, so as not to affect disbursement.

Removing bottlenecks to promote public investment disbursement

Public investment is identified as leading private investment, activating all resources for economic development, and is one of the three important traditional growth drivers that need to be strongly strengthened in the context that other drivers are still facing many difficulties or need time to be effective. Identifying public investment disbursement as a key task, many localities are making efforts to promote project progress, finding solutions to remove bottlenecks to speed up disbursement in the coming months.

The Nhat Le 3 Bridge project and the national coastal road passing through Quang Binh province are 86 km long, with a total investment of 3,500 billion VND, of which the central budget is 2,700 billion VND.

The project has been allocated 1,700 billion VND by the Central Government to be disbursed until the end of this year. However, because of the speeding up of construction progress, by the end of last year, the province had already disbursed this capital. In order for the project to reach its goal of finishing 1 year earlier, the province is also proposing to have more capital to continue implementing the remaining items.

Up to this point, Quang Binh province has disbursed 22.6% of this year's public investment capital, higher than the national average. To complete the disbursement task as directed by the Prime Minister, the province has simultaneously implemented many solutions, including assigning responsibility to heads of agencies, units and investors if disbursement is slow or low.

Considering cutting and transferring capital from projects with slow disbursement to projects with good disbursement progress to promote public investment disbursement is the spirit that has been directed by the Government and the Prime Minister over the past time. This will contribute to solving the situation of "projects waiting for capital" or "capital waiting for projects", avoiding budget waste and effectively contributing to the overall disbursement results of the whole country.

The Prime Minister has assigned this year's public investment capital of about 830 trillion VND to ministries, branches and localities early, reaching 100% of the capital plan allocated by the National Assembly.

As a pivotal year, the disbursement of public investment capital this year will be further promoted when in the near future, Vietnam will continue to organize groundbreaking and inauguration ceremonies for 80 works and projects nationwide to celebrate the 80th anniversary of the August Revolution and National Day September 2, focusing on completing the goal of having 3,000 km of expressway, 1,000 km of coastal road, inaugurating Long Thanh International Airport phase 1, starting construction of the Hanoi - Lao Cai - Hai Phong railway line... by the end of this year, as an important driving force to promote economic development in the new context.

According to VTV.VN

Source: https://baohoabinh.com.vn/12/201240/Thao-go-diem-nghen-von-de-tang-toc-giai-ngan-dau-tu-cong.htm