Over 79,000 billion dong of public investment capital in Ho Chi Minh City – VTV.VN
From the beginning of 2024, Ho Chi Minh City has set specific tasks with the determination to disburse 50% of the capital of 79,000 billion dong in the first half of the year. The first task that Ho Chi Minh City has promoted is site clearance work. This is a task that has had a significant impact on the disbursement of public investment capital in 2023.
Ms. Le Thi Huynh Mai – Director of the Ho Chi Minh City Department of Planning and Investment said: “In the 2024 capital plan, more than 30% of the capital is allocated for site clearance compensation work, creating space for construction projects. Therefore, this is also an issue that the City needs to focus on”.
More than 30% of the capital is allocated for site clearance compensation work
The leaders of Ho Chi Minh City have decided to allocate capital to all investors. This has initially brought about fairly positive results compared to the same period, with public investment capital disbursement of the City in January increased 3.2 times. The City’s leaders also requested to shorten the time for administrative procedures related to the field of public investment.
“The time to process procedures related to public investment must be reduced by 30% compared to the general regulations. Regarding the responsibility of the related parties such as contractors, consulting units, we will monitor, work regularly and also handle in a timely manner if there are cases that affect the progress and quality of the project” – Mr. Phan Van Mai, Chairman of Ho Chi Minh City People’s Committee, said.
In addition, the experience from previous years has helped the city to be more well-prepared in capital management and operation.
According to Mr. Phan Van Mai, if this project cannot disburse capital in time for any reason, the capital will be adjusted. “We have instructed the departments, project management boards, and localities to prepare some mid-term projects to replace them in a timely manner when there is a need to adjust the capital” – the Chairman of Ho Chi Minh City People’s Committee added.
The city also enhances the supervision of the delegation of authority, including handling responsibilities for individuals and organizations affecting the disbursement of public investment.
