As of May 20, 2024, the total disbursed value of the public investment plan in Ha Tinh province reached over VND 1,483 billion, equivalent to 28.3% of the plan assigned by the Prime Minister and 31.6% of the allocated capital.
Of this, the disbursement of capital managed by ministries and branches reached nearly VND 210 billion (25.5% of the capital plan assigned by the Prime Minister and 24.3% of the allocated capital), while the disbursement of provincial budget capital reached nearly VND 342 billion (12.9% and 14%, respectively). For capital managed by district and communal budgets, the disbursement reached over VND 931 billion, accounting for 52.8% and 67.1% of the assigned plan.
REASONS FOR THE DELAY IN DISBURSEMENT PROGRESS COMPARED TO THE ASSIGNED CAPITAL PLAN
In Ha Tinh, 14 out of 24 localities and units had a disbursement rate of provincial-managed investment capital of less than 14% of the assigned capital plan, including four localities and units that had not disbursed any capital at all. There were also 37 projects (including those carried over from the previous year) that had not disbursed any provincial-managed investment capital according to the assigned decisions, with a total capital of over VND 783 billion.
The disbursement progress of public investment capital in the first five months of 2024 in the province was slow compared to the assigned plan. The reasons for this situation, as identified by the competent authorities in Ha Tinh, include prolonged project investment procedures and difficulties in site clearance. As a result, the conditions for advance payment (according to the contract) or completed volume for payment have not been met. In addition, projects continued from the previous year with capital plans for 2024 were mostly started at the end of 2023, and are currently focusing on completing the advanced volume of the previous year’s capital plan, so there is no volume for disbursement of the 2024 capital plan.
Some programs and projects in Ha Tinh have not completed the necessary investment procedures for capital allocation according to regulations. Newly started projects are in the process of completing the approval steps for construction drawings, the plan for selection, and organizing bidding, so there are no documents for capital disbursement. In addition to complying with the provisions of domestic law, ODA projects also need to complete additional investment, withdrawal, and disbursement procedures in accordance with commitments made to donors, which prolongs the process of completing the necessary documents and procedures.
CONSIDERING THE RESPONSIBILITY OF THE LEADER
To address these difficulties and obstacles, the Ha Tinh Provincial People’s Committee has established three teams led by three vice chairmen to inspect the activities of units, localities, and national target programs.
The task of the working group is to organize the review and compilation of difficulties and obstacles, and to analyze the causes of these problems in the implementation process of public investment projects, from the stage of formulating investment policies, designing construction, site clearance, bidding, organizing construction, to acceptance, settlement, and handover of works and projects.
The working group proposes solutions to promote the disbursement of public investment capital and improve the efficiency of capital use. They also evaluate the implementation of solutions to promote the disbursement of public investment capital in 2024 according to the directives of the Government, the Prime Minister, and the Provincial People’s Committee.
The working group proposed that the Ha Tinh Provincial People’s Committee cut the capital plan of projects with slow disbursement and reallocate it to projects with good implementation progress and quick disbursement, as well as projects that can be completed in 2024 but have not been fully funded. This is to ensure the full disbursement of the assigned capital plan within the 2024 fiscal year.
The working group considers the responsibility for leadership, direction, urging, inspection, review, and handling of difficulties, obstacles, and bottlenecks in public investment disbursement in each department, branch, and locality, including the responsibility of the leader.
At the same time, the Chairman of the Ha Tinh Provincial People’s Committee, Vo Trong Hai, sent a document to the departments, branches, and districts requesting them to accelerate the progress of disbursement of public investment capital in 2024 in the province. The Chairman has requested the investors and project management boards to urgently and drastically implement the completion of procedures and apply necessary measures to accelerate the progress and disbursement of the assigned capital plan.
The investors and project management boards are responsible for reporting the disbursement results of the above projects to the Department of Finance and the Department of Planning and Investment on the 15th and 30th of every month. They are also responsible to the Ha Tinh Provincial People’s Committee and the Chairman of the Ha Tinh Provincial People’s Committee for slow disbursement progress and failure to achieve the set plan, affecting the overall results of the province’s public investment plan.
