Đà Nẵng is leading the way in terms of disbursement rates in the city, with the Management Board of Investment Projects in Priority Infrastructure receiving over VND 1,600 billion in allocated capital and disbursing nearly VND 1,100 billion, achieving over 64%. Some projects with notable disbursement rates include the construction of Lien Chieu Port – Shared Infrastructure; the coastal road connecting Lien Chieu Port; and the wastewater collection system in the Hoa Xuan area.
Lien Chieu Port – Shared Infrastructure is one of the projects with high public investment disbursement rates.
From now until the end of 2024, Da Nang has set forth multiple solutions to strive for the completion of the task assigned by the Prime Minister, aiming for a 95% disbursement rate of public investment capital for the year, as per the plan assigned by the Central Government.
To achieve this goal, the city’s leaders have instructed investors and project management units to closely monitor the progress of the paperwork, promptly coordinating explanations and completing the necessary documentation during the appraisal process for project approval. Additionally, they are urged to expedite construction for projects that are lagging behind the agreed-upon schedule.
The Da Nang People’s Committee has assigned the Vice Chairpersons to directly oversee the works within their respective fields. Meanwhile, the departments, branches, and districts are tasked with re-establishing the appraisal process to shorten the handling time for documents. The Department of Construction and the Department of Natural Resources and Environment are to take the lead in coordinating with relevant units to review the process of establishing planning and reporting environmental impact assessments to further reduce the time compared to previous years.
The Phase 1 of Software Park No. 2 project is also among the projects with a good public investment disbursement rate.
Ms. Tran Thi Thanh Tam, Director of the Department of Planning and Investment of Da Nang city, stated: “As the unit advising on capital, allocating capital, and evaluating the contents, we will review all Group B and C projects that have exceeded 12 months without presentation by the units. A list of these projects will be compiled, and the heads of the units will be included in the list reported to the Department of Home Affairs. At the year-end, we will evaluate the progress and performance of tasks.”
“Unveiling Danang’s Public Investment Projects: A Comprehensive Overview”
The Lien Chieu Port project, a shared infrastructure venture, has only reached over 58% of its total investment so far. This ambitious undertaking aims to revolutionize transportation and trade, but progress has been slower than anticipated. With a substantial portion of the investment yet to be realized, the project’s future impact on the region’s economy and logistics remains uncertain.
The Master Wordsmith: Crafting Authentic Economic Demand
Accelerating the disbursement of public investment capital will stimulate consumption of domestically-produced goods and services. Accompanying this should be robust fiscal policies that support the production of goods and services and encourage consumption, creating a virtuous cycle of production and circulation, and generating genuine demand within the economy. This is the recommendation of experts to boost growth in the last two months of this year and into 2024.
Unlocking Investment Opportunities: Accelerating Public Investment Disbursement in the Final Months
Prime Minister Pham Minh Chinh has issued Official Dispatch No. 104/CD-TTg on October 8, 2024, urging the acceleration of public investment disbursement in the final months of 2024.
The $7.3 Billion Mega Ports: A Visionary Project Unveiled by the Prime Minister in Collaboration with a Global Leader
During his meeting with the world-leading group, the Prime Minister mentioned two mega-port projects with a combined investment of approximately VND 170,000 billion, showcasing Vietnam’s ambitious infrastructure development plans.
Danang Proposes Adjustment to Lien Chieu Port Planning
The Danang People’s Committee has proposed to the Ministry of Transport a plan to adjust the planning of the Lien Chieu Port area.
