HCM City Directs Departments, Districts to Speed Up Public Investment Disbursement
Disclosing public investment projects with 0% central capital disbursement in Ho Chi Minh City
Chairman of the Ho Chi Minh City People’s Committee Phan Van Mai has just directed departments, districts, and relevant agencies to accelerate the disbursement of public investment capital for 2024, in response to the Ministry of Finance’s request to disclose information on projects with 0% disbursement of the central budget plan for public investment in 2024.
Accordingly, the Chairman requested that the departments, districts, the Urban Railway Management Board, the Project Management Boards for Investment and Construction, and the project investors under the HCMC People’s Committee strictly and vigorously implement the tasks and solutions as required by the Ministry of Finance and the directives of the HCMC People’s Committee.
The units are required to expedite the progress of project implementation and disbursement of public investment capital for 2024, and to carry out advance payments, recovery of advances, acceptance, and payment of investment capital in accordance with regulations as soon as there is volume.
The Chairman of the HCMC People’s Committee assigned the Department of Planning and Investment to closely monitor the implementation and disbursement process of the projects, and promptly propose to the HCMC People’s Committee to resolve difficulties and problems arising beyond the authority of the departments and branches.
Earlier, at the meeting on socio-economic situation in April and the first four months of 2024, and solutions and tasks for May 2024, held at the beginning of May, Chairman of the HCMC People’s Committee Phan Van Mai said that from now until the end of 2024, the city needs to disburse about VND 10,000 billion each month.
The public investment capital allocated to Ho Chi Minh City in 2024 is more than VND 79,000 billion. In the first four months of the year, the city has disbursed only about VND 6,000 billion, achieving about 7.5%.
Along with assigning Vice Chairman of the HCMC People’s Committee Nguyen Van Dung to directly direct the disbursement of public investment capital on a daily and weekly basis, the Chairman of the HCMC People’s Committee also requested that the investors, departments, branches, and districts urgently implement the tasks, remove obstacles, and promote the disbursement of public investment capital.
