There are still 32 ministries and central agencies that have not disbursed public investment.

Photo caption — Construction of Mai Son - National Highway 45 section, North - South Expressway project (documentary photo)

According to the Ministry of Finance, there are 4 ministries, central agencies and 38 localities with good disbursement rates, above the national average, such as: Vietnam Television (34.92%); Ministry of Construction (32%); Vietnam Women's Union (27.83%); Hau Giang province (over 30%); Tien Giang province (over 27%). Vinh Phuc, Tuyen Quang, Hoa Binh provinces all achieved over 21%... However, there are still 32 ministries and central agencies with a disbursement rate of 0%; there are 6 localities with low disbursement rates below 5%.

The Ministry of Finance said that there are still many obstacles that have prevented disbursement from meeting expectations, such as difficulties related to capital allocation. Currently, about VND25,291 billion has not been allocated in detail; equal to 3.85% of the plan assigned by the Prime Minister; of which, the unallocated central budget capital is mainly expected to be allocated to projects that are completing investment procedures. This relatively large amount of capital has affected the disbursement rate in the first months of the year.

In addition, February coincides with the Lunar New Year holiday, and ministries, central and local agencies are focusing on reviewing and synthesizing the need to extend the implementation period.

Regarding the difficulties of key national projects, according to reports from the Ministry of Transport and localities, the progress of site clearance at some projects is slower than the requirements of the Government and the Prime Minister. In addition, construction materials for construction, the simultaneous implementation of many large transport projects in the same area leads to a shortage of materials during the construction process, especially earth, sand, stone, etc. for projects in the Mekong Delta. The implementation of special mechanisms for the exploitation of common construction materials still faces many difficulties and obstacles.

Regarding the problems related to national target programs, the report from the Ministry of Finance shows that the completion of the management and implementation institutions of national target programs from the central to local levels is still slow, untimely and unsynchronized, greatly affecting the implementation of stages from allocation, assignment of implementation plans and disbursement of implementation capital at ministries, central and local agencies. Accordingly, up to now, there are still some central mechanisms that have not been issued, leading to confusion in implementation by localities.

In order for the disbursement of public investment capital in 2024 to be smooth and achieve the target rate set by the Prime Minister of 95%, the Ministry of Finance proposes that the Prime Minister assign the Ministry of Planning and Investment to urgently coordinate with the Ministry of Transport, the Ministry of Agriculture and Rural Development, and the Ministry of Labor, War Invalids and Social Affairs to conclude the inspection of the ministries assigning non-affiliated agencies to be investors and responsible for organizing project implementation in accordance with the provisions of law on construction, public investment, and the state budget.

In addition, the Ministry of Finance requested ministries, central and local agencies to continue to immediately deploy working groups to inspect, urge, remove difficulties and obstacles to promote disbursement of investment capital at ministries, central and local agencies; urge the situation of production and business, public investment, infrastructure construction and import and export according to the decisions of the Prime Minister.

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