Efforts to disburse public investment capital: There are still bottlenecks that need to be removed

On the morning of July 10, Mr. Tran Hoa Nam - Vice Chairman of Khanh Hoa Provincial People's Committee chaired a meeting with leaders of departments, branches, sectors and localities to listen to reports on the implementation of public investment capital disbursement in the first 6 months of the year. Thereby, finding solutions to remove difficulties and obstacles to speed up the disbursement progress in the last months of the year.

Results not as expected

According to the Department of Finance, in 2025, the capital allocated by the Prime Minister to the province is more than 12,851 billion VND. To date, the Provincial People's Committee has allocated more than 12,821 billion VND. The total disbursed capital as of June 30 was more than 5,297 billion VND, reaching 41.32% of the plan assigned by the Prime Minister. Although the province's public investment disbursement results are higher than the national average (32.06%), compared to the previous direction of the Provincial Party Committee Standing Committee (striving to disburse public investment capital in 6 months to reach 50% or more), it has not yet reached the set progress. Specifically, domestic capital disbursement reached 42.06% of the plan, of which local budget capital reached 48.34% and central budget capital reached 31.83%; foreign capital had a lower disbursement rate, reaching only 15.6% of the plan.

Vice Chairman of the Provincial People's Committee Tran Hoa Nam spoke at the meeting.

Mr. Nguyen Ngoc Minh - Deputy Director of the Department of Finance said: The main reason for the slow disbursement of public investment capital is that compensation and site clearance work still has many obstacles and difficulties in determining compensation land prices and land use origins. In addition, investment preparation work is not good, the project approval process is slow, especially for new projects starting in 2025; the management and operation capacity of some investors and officials in some localities has not met the requirements; the arrangement and consolidation of the 2-level local apparatus also affects the disbursement progress of some investment projects and headquarters repairs.

A bright spot in the disbursement of public investment capital in the first months of the year is that a number of key national projects have accelerated progress to disburse large amounts of capital. For example, Component Project 1 of the Khanh Hoa - Buon Ma Thuot Expressway Construction Investment Project Phase 1 has so far completed 100% of the site clearance work. By the end of June, the investor had disbursed more than VND 486.4 billion. Mr. Dang Huu Tai - Director of the Provincial Management Board of Investment and Construction of Agricultural and Transport Works pledged: "After the bottlenecks are removed, the contractor will focus on construction in "3 shifts, 4 teams", carrying out the items of gravel mixing, asphalt concrete pavement, ensuring the progress of completing the first 20km of the route in 2025 according to the direction of the Prime Minister, striving for a disbursement rate of 100% of the assigned plan".

Large transition capital

Disbursement of public investment capital in the first 6 months of the year has encountered many difficulties, and it is forecasted that there will be more obstacles in the last 6 months of the year. With the merger of administrative units and the end of the district level, the capital previously managed by the district level is now transferred to the commune level or transferred to the provincial departments, branches and sectors for management. In the northern region of Khanh Hoa (former Khanh Hoa province), there are 603 projects, with a total planned capital of more than 3,000 billion VND that must be transferred. Of which, 84 projects, with a total planned capital of nearly 1,686 billion VND, were transferred to the provincial level; 519 projects, with a total planned capital of nearly 1,327 billion VND, were transferred to the commune level. The handover and transfer of public investment capital after the arrangement and consolidation of the local apparatus at 2 levels is carried out according to the principle that if the project is located entirely in a new commune or ward, it will be transferred to the new commune or ward as the investor; Projects located in two or more communes or wards will be transferred to provincial project management boards as investors. In the southern area of ​​Khanh Hoa (formerly Ninh Thuan province), up to now, projects have not yet completed the transfer procedures.

Construction of Khanh Hoa - Buon Ma Thuot expressway.

Mr. Nguyen Thanh Phu - Director of the Department of Construction commented: “The slow disbursement progress only focuses on a few project groups. The biggest problem of these projects is site clearance. However, many communes and wards are still confused when receiving and implementing projects. Therefore, in the coming time, it is necessary to organize a thematic conference on public investment to remove difficulties and obstacles. For projects of the old Ninh Thuan province, it is necessary to quickly submit them to the Provincial People's Council for a transition plan, only then can we keep up with the proposed progress”. Meanwhile, Mr. Nguyen Van Minh - Chairman of the People's Committee of Nam Nha Trang commune said: “For communes and wards after the merger, not only site clearance, but also many other tasks are facing certain difficulties. Therefore, I hope the leaders of the Provincial People's Committee will have specific instructions on urgent issues”.

Focus on removing difficulties and obstacles

Realizing the importance of accelerating the disbursement of public investment capital, the Provincial Party Committee and the Provincial People's Committee have issued many documents directing, directing, and assigning clear and specific tasks and regularly inspecting, urging, and removing difficulties. In particular, the provincial leaders have identified this as a key task to promote economic growth. Working groups led by the Provincial People's Committee have regularly inspected, urged, and removed difficulties and obstacles for projects, especially key, large-scale projects. The province has also resolutely transferred capital plans from ineffective projects with slow disbursement to projects with good progress and lack of capital to ensure disbursement of all assigned capital. To solve the problem of post-merger transfer, the Provincial People's Committee has issued Decision No. 1860 on adjusting the public investment plan for 2025.

To speed up the disbursement progress and strive to achieve 100% of the capital plan, the Department of Finance has recommended that the Provincial People's Committee direct departments, branches, localities and investors to resolutely implement many tasks. The Provincial People's Committee continues to thoroughly grasp and seriously implement the directions of the Government and the Prime Minister on disbursement of public investment capital, identifying this as an important task to promote economic growth; clearly assign tasks: "Clear people, clear work, clear time, clear products, clear responsibilities, clear authority"; strengthen inspection, urging, supervision, proactively remove difficulties and obstacles. At the same time, organize the operation of the apparatus after the merger to ensure smoothness, continuity, efficiency, and no interruption of work, especially in the fields of investment, land, planning, and construction; Strengthening site clearance work, ensuring the progress of implementing important national projects, especially Ninh Thuan Nuclear Power Plant Project 1 and 2, projects celebrating major anniversaries.

Concluding the meeting, Vice Chairman of the Provincial People's Committee Tran Hoa Nam affirmed that in order to effectively disburse public investment capital, a new approach is needed. Comrade Tran Hoa Nam assigned the Department of Finance to report monthly on the progress of disbursement and develop a capital disbursement plan for the following month. In particular, it is necessary to determine the responsibilities of investors and localities in implementing projects and disbursing capital. The Department of Agriculture and Environment monitors compensation, support and resettlement work; thereby advising on solutions to remove difficulties to speed up project progress. Regarding difficulties of communes and wards in implementing projects, provincial leaders will conduct on-site inspections, grasp them to direct solutions to remove them, as well as provide specific instructions for localities to implement. Comrade Tran Hoa Nam also noted that investors, departments and branches must focus on accelerating the progress of major projects scheduled to be completed by the end of 2025.

DINH LAM

Source: https://baokhanhhoa.vn/kinh-te/202507/no-lucgiai-ngan-von-dau-tu-cong-con-nhung-diem-nghen-can-thao-go-de91873/