Right from the beginning of 2024, the disbursement of public investment funds has continued to show positive signs. In January, it reached about VND 16,900 billion, equivalent to 2.58%. While in the same period last year, it only reached 1.8% with VND 12,800 billion. This shows the active participation and high determination of the entire system right from the beginning of the new year.
In fact, right from the beginning of the year, all ministries, sectors, and localities have joined in, trying to make use of the time to disburse the highest level of public investment funds. For example, the Ministry of Transport strives to disburse at least 97% – 98% of the 2024 plan, focusing on accelerating the construction of ongoing projects, especially the North-South expressway projects in the 2017-2020 and 2021-2025 phases.
At the local level, the disbursement of public investment funds has also been active right from the beginning of the year. For example, in Quang Ngai, the provincial People’s Committee set a target to accelerate the implementation progress of projects to disburse 100% of the allocated funds by December 31, 2024 (not waiting until the end of the budget duration). Specifically, disbursement is expected to reach a minimum of 76% of the assigned plan by the third quarter of 2024.
Localities are actively accelerating the disbursement of public investment funds right from the beginning of the year. Illustrative photo
Or in Ba Ria-Vung Tau, the total public investment capital of Ba Ria-Vung Tau province in 2024 is very large, with over VND 17,722 billion (including additional capital allocated by the Prime Minister and local capital). To disburse effectively in the early months of the year, the provincial People’s Committee issued Directive No. 11/CT-UBND on the management of public investment in 2024.
In the directive, Ba Ria-Vung Tau province requires project owners to develop monthly plans, progress reports, and disbursement of assigned projects, especially the list of projects that have had their capital allocation periods extended by the provincial People’s Council; in which outlining the work progress, monthly disbursement accumulation, and ensuring the start of new projects in the project list within the first 6 months of 2024.
Although at the present time, most agencies and units using public investment funds have increased the speed of construction and capital disbursement, in order to meet the growth requirements, public investment activities must take breakthrough steps, from the disbursement amount to the implementation timeline. It is necessary to not wait until the end of the year to rush, but to be decisive right from the beginning of the year.
Being decisive means that localities must proceed with the implementation of projects with the determination to “race against time”; not afraid of responsibility, not avoiding tasks, leaders must take action, and put the interests of the country above all. Therefore, from the local to central level, relevant agencies quickly resolve difficulties and obstacles. It is necessary to consider and eliminate unnecessary procedures, while still ensuring compliance with the law but accelerating the implementation of projects.
In particular, many localities have also tightened discipline and responsibilities of the leaders… For example, Bac Giang province has issued strict sanctions for investors, project management boards, organizations, individuals deliberately causing difficulties, hindering, delaying project progress and disbursement. At the same time, the province is determined to replace weak, sluggish officials and civil servants who cause obstruction and trouble; resolutely handle negative behaviors and corruption in public investment management.
Ho Chi Minh City is also decisive, it is the collective and individuals who are the leaders of agencies, units, and localities with a low disbursement rate that will be criticized, disciplined, and deducted in the performance appraisal rating. Earlier, Chairman of the Ho Chi Minh City People’s Committee Phan Van Mai had also voluntarily lowered the rank of competition due to the low disbursement rate of public investment in 2022 of Ho Chi Minh City, which only achieved 68% (lower than the assigned target of 95%).
It is known that in 2024, Ho Chi Minh City is speeding up the completion of 38 major bridge and road projects to contribute significantly to reducing traffic congestion. In addition, this year, the city is also starting 29 projects.
It can be said that all ministries, sectors, and localities are making efforts to promote public investment projects, the country will undergo a transformation, and the people will enjoy modern, convenient, and safe transportation infrastructure.
