Ho Chi Minh City focuses on attracting investment for major projects, prioritizing key areas

Phan Van Mai, Chairman of Ho Chi Minh City People's Committee, has recently issued directives regarding key projects and initiatives in the city.

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In this regard, for general public investment projects, and particularly important projects, the Chairman of the People’s Committee proposes that the Vice Chairman of the People’s Committee promptly arrange a meeting to direct the departments, sectors, and related units to expedite the construction progress (working 24/7, solutions during the construction period…) to meet the set plans; direct the study on quotas and related regulations to prepare project documentation, prepare bidding documents to shorten the time but still ensure compliance with regulations.

The investors of the related projects are responsible for inspecting and strictly controlling the discipline of consulting units, especially construction contractors; impose penalties, strictly handle (without exceptions) to ensure progress, quality, aesthetics – technical, and maximize investment efficiency.

Regarding the implementation of capital disbursement for public investment in 2024, give the responsible agencies and investors a comprehensive and serious plan to implement construction investment and capital disbursement to ensure that the capital disbursement ratio for the whole year reaches over 95% according to the commitments and plans that have been set. At the same time, report specifically and categorize the projects facing obstacles in investment procedures, construction, bidding; projects facing obstacles in land procedures, land clearance… to the assigned Working Groups, competent authorities for timely resolution according to regulations.

Urgently complete investment and construction procedures; ensure the quality of internal appraisal work; closely control project documents, construction drawings, and cost estimates before submitting to competent state agencies for appraisal, approval to shorten the time for investment procedures for projects.

For projects that have been approved for investment by competent authorities, the investors will organize and complete the selection of construction contractors, ensuring that project commencement begins in the first quarter of 2024. At the same time, closely coordinate with the Compensation and Site Clearance Board of the districts, Thu Duc City to carry out boundary delivery, boundary marker planting according to regulations before implementing compensation work, support and resettlement. Supervise and urge the contractors to speed up the construction progress, complete the works early; firmly apply disciplinary measures according to regulations and the signed construction contracts for contractors who violate the contracts.

The Department of Planning and Investment coordinates with the agencies and units to review the plan to disburse public investment capital in 2024, ensuring the fulfillment of the city’s targets mentioned above and completing it in February 2024. At the same time, take responsibility for leading and coordinating with the departments, localities, and investors to review, consult, propose arrangements, adjust flexible capital plans; firmly propose cutting or reducing the capital for projects with slow progress, timely supplementing capital for projects with good implementation; concentrate capital allocation for large projects, key projects that have spread-out effects, and absolutely do not disperse to improve investment efficiency and increase disbursement ratio.

The Chairman of the People’s Committee assigns the 3 Working Groups to review the progress of capital disbursement, difficulties and problems in implementing the plan in 2024; synthesize and report to the People’s Committee at the meeting on public investment starting from February 2024. Continue to monitor and urge investors to speed up the completion of detailed disbursement plans for each project according to the assigned capital in 2024, especially for projects allocated with large funding above 50 billion VND, ensuring a disbursement ratio of over 95% for each project. Timely identify difficulties, obstacles, and report, propose to the competent authorities for handling and creating favorable conditions for disbursement of public investment capital.

At the same time, work with units with low disbursement rates on a weekly basis to review each project to identify and determine the real “bottlenecks” in procedures, coordination work, or due to legal regulations, responsibilities of which agencies, units to promptly urge, guide to overcome difficulties and report to the People’s Committee for consideration and resolution if exceeding jurisdiction.

Tung Phong