Component Project 3 (belonging to Chau Doc – Can Tho – Soc Trang Expressway) Phase 1 in Hau Giang Province. Illustration: Nguyen Hang/VNA
According to the Ministry of Finance, in the first six months of 2024, many ministries, central agencies, and localities have made efforts to promote the disbursement of public investment capital, with 12 out of 44 ministries and central agencies, and 37 out of 63 localities achieving a disbursement rate higher than the national average.
Specifically, some ministries, central agencies, and localities with high disbursement rates include the Ministry of Agriculture and Rural Development, the Ministry of Transport, the Ministry of Construction, Vietnam Television, the Literary and Art Association of Vietnam, the Vietnam Women’s Union, etc., and the provinces of Thanh Hoa, Tien Giang, Phu Tho, Long An, Dong Thap, and Ha Tinh…
However, 32 out of 44 ministries and central agencies, and 26 out of 63 localities still have lower disbursement rates than the national average. Notably, some ministries and central agencies have very low disbursement rates or a 0% disbursement rate, such as the Vietnam Academy of Science and Technology, Ho Chi Minh City National University, and Hanoi National University. Meanwhile, the Vietnam Cooperative Alliance and the Vietnam Fatherland Front Central Committee have a 0% disbursement rate due to unallocated capital plans.
Some localities with a disbursement rate of less than 15% include Hai Duong, Bac Ninh, Ho Chi Minh City, and Hung Yen…
According to the Ministry of Finance, the disbursement of public investment capital in the first six months was affected by a relatively large amount of central budget capital newly assigned by the Prime Minister, making it challenging to disburse it timely within the first half of the year. In addition, the disbursement rate for key national projects, key projects in the transport sector, and inter-regional transport projects managed by localities remains low, with some projects having no disbursement and many projects with a disbursement rate of less than 5%.
Furthermore, according to reports from some localities, there have been incidents of subsidence and landslides on transport routes and water shortages in canals in the freshwater region, hindering the transportation of materials and affecting the construction progress.
To accelerate the monthly disbursement of public investment capital, the Ministry of Finance has proposed that ministries, sectors, and localities seriously and drastically implement solutions to promote the disbursement of public investment capital as directed by the Government and the Prime Minister.
The Ministry of Finance also requested that ministries, central agencies, and localities that were assigned additional central budget capital from the increased revenue in 2022 urgently allocate detailed lists of projects and capital levels to their subordinate agencies and units as a basis for capital disbursement in the coming time.
The Ministry of Finance also proposed that ministries, central agencies, and localities focus on disbursing the capital source that is allowed to be extended to 2024, noting that the central budget capital can only be extended and disbursed for the list and level of capital notified by the Ministry of Planning and Investment, and for projects under the National Target Program and the Program for Recovery and Socio-economic Development.
Regarding the assignment of non-affiliated units as investors in some ministries, up to now, the Ministry of Transport has continued to assign tasks of investors and capital plans to the Departments of Transport of Phu Tho, Ninh Binh, and Quang Ngai provinces to implement investment projects for the connection route between Noi Bai – Lao Cai Expressway and Tuyen Quang – Phu Tho Expressway; the expansion of the North-South Expressway, Eastern Section Cao Bo – Mai Son; and the upgrade and improvement of National Highway 24B from Km23 to Km29.
Therefore, to unify the implementation and have a sufficient legal basis to perform the allocation, approval of estimates on the Tabmis system, and disbursement of the 2024 capital plan for the projects, the Ministry of Finance proposed that the Prime Minister assign the Ministry of Planning and Investment to promptly provide opinions on the assignment of non-affiliated units as investors in some ministries according to the direction of the Prime Minister.
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Deputy Minister of Planning and Investment, Mr. Do Thanh Trung, stated that in 2024, several significant projects with a ripple effect have completed the necessary procedures, ensuring the achievement of the target for public investment disbursement.
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