Striving to achieve the highest economic growth target and socio-economic development goals and targets in 2024, Quang Ninh sets the target of disbursing public investment capital to reach over 95% of the adjusted plan.
According to the report of the Provincial People's Committee, the disbursement rate of public investment capital in Quang Ninh by November 30, 2024 only reached 48%, lower than the national average (estimated at 60%), lower than the same period in 2023 (54.2%), there are still 7 units with disbursement rates below the average of the whole province.
The Provincial People's Committee and investors have focused on leading and directing the drastic and synchronous implementation of tasks and solutions to accelerate the construction progress, put the project into use and disburse public investment capital in 2024 right from the first days and months of 2024. However, the disbursement progress is slow because many investors are focusing on implementing the payment and recovery of advances, finalizing the 2023 capital plan, which has been extended for implementation and disbursement to 2024, focusing on repaying the remaining advances transferred to 2024.
In fact, the capital allowed to extend the implementation period from 2023 to 2024 is large, up to 1,564 billion VND (of which 03 provincial project management boards are: 1,028 billion VND, accounting for 66% of the extended capital), 3.29 times higher than the capital extended from 2022 to 2023 (475 billion VND). The balance of advances transferred to 2024 is also relatively large (both in proportion and absolute value): VND 5,821 billion, of which 03 project management boards are: VND 3,122 billion, accounting for 53.6% of the total balance of advances transferred to 2024. On the other hand, disbursement was also interrupted during the promulgation of laws and decrees guiding the 2024 Land Law. Some legal documents are not synchronized, confusion in organization and implementation has affected the progress of site clearance and procedures for changing forest use purposes of some projects. Along with that, some transitional projects have large capital allocation plans, and have been advanced contracts since the end of 2023, so contractors focus on construction to repay the volume of capital that has been advanced. In particular, the rainy weather from June to September 2024 and the impact of storm No. 03 (Yagi) directly affect the progress of projects in general, especially transitional projects in the transport sector.
However, we must also frankly admit that in addition to objective reasons, the main reason for slow disbursement is still due to the organization and implementation work. Along with the legal basis, there are investors and localities with good disbursement, but there are still investors and localities with low disbursement rates, showing that the participation, role and responsibility of the leaders have not been promoted and are not clear. The organization and implementation work, coordination in handling difficulties and problems between investors and departments, branches and localities are still not tight; along with that is the fear and fear of responsibility of a number of cadres and civil servants (including leaders and managers) in the process of performing tasks. The qualifications of some cadres performing tasks in some areas of project management, land law, investment, construction, state budget are still limited...
To ensure the disbursement target of over 95% of the adjusted public investment plan, by January 30, 2025, the whole province must disburse an additional VND 6,300 billion. This is an extremely difficult task that requires investors and localities to continue promoting the achieved results, effectively overcome limitations and shortcomings, make more drastic and effective efforts; tighten discipline and order and have plans, measures, and inspect and urge the implementation. Slow disbursement units need to urgently review, rectify, and immediately overcome existing problems, difficulties, and obstacles, and take all measures to speed up the implementation progress and complete the task of disbursing public investment capital in 2024. In the process of disbursing public investment capital, investors need to promptly complete disbursement procedures such as procedures for counting or accepting volume, or procedures for payment and settlement records to be able to disburse the large amount of remaining capital to achieve the set goals.
At this time, the weather is favorable, dry, with little rain, so this is also a favorable time to speed up the construction progress of key projects and start all projects in the whole province.
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