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Prime Minister Pham Minh Chinh Urges Faster Disbursement of Public Investment Capital for 2024In a recent push to accelerate the disbursement of public investment capital for 2024, Prime Minister Pham Minh Chinh has issued Official Dispatch No. 4808/VPCP-KTTH on July 9, 2024. The dispatch calls on ministries, central agencies, and local governments to take swift and effective action to improve capital disbursement, thereby boosting economic growth. |
To further this initiative, the government will host a national online conference with the participation of ministries, central agencies, local governments, and state-owned corporations and companies that have been allocated public investment capital for 2024. Slated for July 17, 2024, the conference will focus on evaluating the implementation of public investment plans during the first half of the year and discussing measures to expedite capital disbursement in the remaining six months.
In preparation for the conference, ministries, central agencies, local governments, and the aforementioned corporations and companies are required to submit reports on their capital disbursement progress during the first half of 2024 to the Ministry of Planning and Investment by July 12, 2024. These reports should include an assessment of achievements, limitations, and lessons learned, along with proposed solutions for improving disbursement in the latter half of the year.
The Ministry of Planning and Investment has been tasked with preparing a comprehensive report for the national online conference, chaired by the government’s Standing Committee. This report will encompass an in-depth analysis of the current status of capital disbursement, highlighting both successes and challenges faced. Additionally, the ministry will propose breakthrough and practical solutions to expedite capital disbursement for the remaining months of 2024, assigning specific tasks to relevant ministries, agencies, and local governments with corresponding deadlines.
The ministry is also responsible for drafting the conference program, agenda, and the Prime Minister’s opening and closing remarks. A report on these preparations, along with proposed tasks and responsibilities for participating ministries and agencies, is to be submitted to the Standing Committee by July 14, 2024. Following the conference, the Ministry of Planning and Investment will collaborate with relevant ministries and agencies to draft a directive from the Prime Minister, outlining key tasks and solutions to accelerate public investment capital disbursement for the final months of 2024. This directive is expected to be issued within July 2024.
Furthermore, the Ministry of Planning and Investment, in coordination with the Ministry of Finance and relevant agencies and local governments, will submit a report to the government by July 10, 2024, regarding the adjustment of central budget investment plans for 2024 among ministries, central agencies, and local governments. This report will be presented to the competent authority for approval, in line with the directives of Resolution No. 62/NQ-CP dated May 7, 2024, and Resolution No. 82/NQ-CP dated June 5, 2024.
Additionally, the Ministry of Planning and Investment will work closely with the Ministry of Finance and relevant sectors to address challenges related to the assignment of project owners for initiatives executed by units outside the purview of sector-specific ministries. This is in accordance with the Prime Minister’s instructions in Official Letter No. 72/TB-VPCP dated February 28, 2024, and the resolution of issues beyond their authority will be reported to the competent authorities in a timely manner.
Prime Minister Pham Minh Chinh has also instructed the Ministry of Planning and Investment to establish a decision to replace Decision No. 235/QD-TTg dated March 14, 2023, with the aim of restructuring the task forces responsible for inspecting, urging, and resolving difficulties in public investment capital disbursement. This includes the addition of a task force led by Deputy Prime Minister Le Thanh Long, with a report on this matter to be submitted to the Prime Minister by July 12, 2024.
Will more than 650 trillion dong of public investment capital be spent in 2024?
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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