Binh Phuoc: Assigning public investment capital plan for 2025 with more than 5,594 billion VND

In Decision No. 1994/QD-UBND dated December 23, 2024, the People's Committee of Binh Phuoc province assigned the 2025 public investment capital plan with a capital of VND 5,594 billion 854 million to departments, branches, People's Committees of districts, towns, cities and units under the Provincial People's Committee for implementation.

The Provincial People's Committee assigned investors to focus on specific solutions to remove difficulties and obstacles in compensation and site clearance; speed up the construction progress of works and projects. Select contractors with sufficient technical, financial and experience capacity to implement construction progress on schedule, ensuring the quality of works, goods and services; promptly complete the dossiers of works and projects with accepted volumes, and immediately complete payment procedures with the State Treasury. For completed projects put into use, it is necessary to promptly approve the settlement to ensure compliance with regulations.

Specialized departments shall strengthen inspection and supervision of project implementation; organize appraisal and submit for approval of designs and estimates according to regulations; promptly resolve arising difficulties and problems.

For provincial capital decentralized to districts, towns, and cities for management, the People's Committees of districts, towns, and cities: Assign detailed public investment capital plans for 2025 to subordinate units and investors after approval by the People's Councils at the same level to allocate and assign local budget capital plans for 2025 before December 31, 2024 according to regulations, ensuring concentration, focus, key points, compliance with conditions, and priority order according to regulations. The implementation of capital plan assignment must ensure the correct capital structure assigned by the Provincial People's Committee and the local mobilization capacity for new rural communes to reach the target by 2025.

Continue to use land use fees of the district to prioritize investment in the fields ofeducation and training, new rural construction and tasks under the provisions of the Law on Public Investment. Carry out investment preparation and site clearance well; overcome limitations in slow implementation of public investment projects, slow disbursement of public investment capital from the beginning of the year, strive to disburse all allocated capital in 2025. Arrangement of public investment capital must ensure the correct nature and content, not allocate capital for projects that must use public capital sources such as projects for maintenance, repair and upkeep of existing facilities.

For the 3 national target programs, the Provincial People's Committee assigned the Department of Labor - Invalids and Social Affairs, the Provincial Ethnic Minorities Committee and the Coordination Office of the National Target Program on New Rural Construction to implement component projects of each program according to regulations.

Based on the allocated capital of the 3 national target programs, the People's Committees of districts, towns and cities urgently approve projects and assign detailed capital for each investment project to each investor. For investment projects with the same objectives and implemented in the same commune and district level, the People's Committees of districts, towns and cities proactively integrate capital sources of the 3 assigned programs right from the stage of project preparation, avoiding dispersion, overlap and duplication in scope and objects in order to improve the efficiency of using public investment capital.

The capital plan for 3 national target programs in 2024 (including capital in 2022 and 2023 transferred to 2024) that has not been fully disbursed is allowed to extend the implementation and disbursement period until December 31, 2025 according to Resolution No. 174/2024/QH15 dated November 30, 2024 of the National Assembly ...

The Provincial People's Committee assigns the Director of the Department of Planning and Investment:   Review and report on the allocation of the 2025 public investment capital plan for the province to be decentralized to districts, towns and cities for management. Strengthen inspection, examination and supervision of the implementation of the public investment capital plan. Proactively review and advise the Provincial People's Committee to reduce the capital plan of slow-implementing projects, to supplement capital for projects with good disbursement capacity and additional needs, ensuring that the disbursement rate at the end of the year strives to reach over 95% of the assigned capital plan.

Departments, branches, sectors, People's Committees of districts, towns, cities and investors: Focus on removing difficulties and obstacles in land use rights auctions with the highest results to have revenue sources for disbursement of public investment capital; speed up progress, complete connection projects, projects with significant regional linkage impacts to promote rapid and sustainable socio-economic development. Promote discipline and order in public investment, strictly handle violations and obstacles that slow down the progress of capital allocation and disbursement; enhance the responsibility of leaders in cases of slow disbursement, link disbursement results with the assessment of the level of completion of assigned tasks...

The 2025 public investment capital plan is allowed to be disbursed until January 31, 2026.

Source: https://baobinhphuoc.com.vn/news/4/167071/binh-phuoc-giao-ke-hoach-von-dau-tu-cong-nam-2025-voi-hon-5-594-ty-dong