A section of the Vinh Hao – Phan Thiet expressway is being constructed. Photo: TTXVN phat
In 2024, Binh Thuan province’s total public investment plan will receive over VND 5,000 billion assigned by the Prime Minister. Accordingly, the Provincial People’s Committee has requested all departments and agencies in the province to focus on accelerating the implementation progress and strive to disburse over 95% of the assigned public investment capital this year, and to put the projects into use early to maximize investment efficiency. At the same time, it is necessary to determine that disbursement of public investment capital is one of the key tasks, requiring effective implementation.
In addition, the Provincial People’s Committee has requested the Department of Planning and Investment to regularly review and promptly forecast any difficulties or obstacles, especially in land clearance, to advise on the timely transfer of capital between projects and works. They will also take charge of classifying and dividing construction projects into smaller groups according to their nature, field, and level of difficulty in order to conduct periodic inspections and reviews to remove any difficulties and obstacles, ensuring close correspondence with the actual situation of each project.
Furthermore, the Provincial People’s Committee also proposes that relevant units pay attention to selecting consultancy firms and contractors with capacity and experience to implement the projects. They should also handle, in accordance with regulations, weak or inadequate consultancy firms and contractors that fail to meet requirements. All investors must disburse public investment capital according to the assigned plan and are not allowed to return allocated funds. Departments, agencies, and localities must proactively coordinate in resolving difficulties and obstacles with the highest sense of responsibility, and strengthen propaganda and mobilization to create consensus among the people in the land clearance work for construction projects.
In 2023, the province’s total planned public investment capital assigned by the Prime Minister is nearly VND 4,868 billion. As of January 31, 2024, the province has disbursed VND 4,079/4,868 billion, reaching 84.29% of the capital plan (average nationwide is 82.47%). In Binh Thuan province, 10 investors have disbursed over 95% of the assigned capital plan.
The Binh Thuan Provincial People’s Committee acknowledges that the disbursement of the province’s 2023 capital plan is still limited and has not reached the 95% target set by the Prime Minister. The progress of some construction projects is still slow, and many projects are affected by clearance and compensation issues. Some investors have been slow in completing procedures, project documentation, and approval…
The reasons for the slow disbursement of investment capital in 2023 are mainly attributed to delays in investment preparation and failure to meet practical requirements. The coordination between investors, departments, and localities in the process of project establishment, appraisal, and approval has been inadequate and passive. In addition, at various levels, departments, and individuals in charge of departments and localities lack concentration and have not fully resolved difficulties and obstacles related to land, clearance, investment procedures, especially for projects in transportation and irrigation sectors, affecting the disbursement rate of public investment capital.
