How to end the situation of projects 'having money but not being able to spend it'?

TPO - Chairman of the Ho Chi Minh City Business Association Nguyen Ngoc Hoa said that current public investment projects are all implemented by the state or a certain project management board. Public investment projects have excess funds but are still stuck due to procedural mechanisms, processes, and order, and this requires a synchronous solution.

On August 15, at the 3rd session of the Vietnam Economic Forum with the theme "Removing bottlenecks in public investment disbursement" organized by Nguoi Lao Dong newspaper in Ho Chi Minh City, delegates and experts proposed solutions to promote one of the 3 pillars of economic growth.

Dr. Tran Du Lich discussed at the forum. Photo: Organizing Committee.

Economic expert Tran Du Lich acknowledged that Resolution 98 of the National Assembly on piloting a number of specific mechanisms and policies for Ho Chi Minh City, which continues to expand decentralization and delegation of authority in procedures, will be a positive factor promoting public investment, while also contributing to mobilizing resources and social infrastructure.

“With this resolution, Ho Chi Minh City has the advantage of being able to decide on group A projects, shortening the project implementation time. However, when the decision is made and it is time to implement, there will be overlapping content that must be done according to general regulations,” Dr. Lich said.

According to the expert, the leaders of Ho Chi Minh City are very dedicated and focused on directing the disbursement of public investment, removing each bottleneck to ensure the goal of quickly deploying the capital of 79,000 billion VND from now until the end of the year. Currently, the Ho Chi Minh City People's Committee and related departments have classified the project groups that can be disbursed in the last months of the year.

Mr. Nguyen Ngoc Hoa - Chairman of Ho Chi Minh City Business Association.

Mr. Nguyen Ngoc Hoa - Chairman of the Ho Chi Minh City Business Association - said that current public investment projects are all implemented by the state or a project management board. Public investment projects have surplus funds but are still stuck due to procedural mechanisms, processes, and order, and this requires a synchronous solution.

According to Mr. Hoa, agencies need to boldly change their approach. On the other hand, public investment projects need to be socialized to solve bottlenecks.

“All procedures and approvals are done by the private sector, and once completed, only acceptance is required. This could be a smoother and faster approach,” Mr. Hoa suggested.

Dr. Nguyen Quoc Viet - Deputy Director of the Institute for Economic and Policy Research, Hanoi National University - said that the key and important issue is to speed up the progress to put the projects into implementation and finally put them into use. Investment value is not just numbers to beautify the growth target, but the important thing is the spread, the attraction of private investment and the spread to other industries and fields.

Ho Chi Minh City is making efforts to speed up public investment projects. In the photo: workers at the construction site of the environmental improvement and infrastructure construction project for the Tham Luong - Ben Cat - Nuoc Len canal (Photo: Huu Huy)

According to Mr. Le Bach Cuong - Head of the Southern Construction Investment Management Department under the Construction Investment Management Department, statistics from the Ministry of Transport (MOT), in the period of 2021-2025, the Government has allocated resources to invest in transport infrastructure, prioritizing that by 2025 the whole country will have about 3,000km of expressways. To achieve the goal, the Ministry of Transport coordinates with ministries and branches to advise and allow the implementation of a number of specific mechanisms to shorten investment procedures.

Mr. Cuong stated that to promote public investment, about 70% of the tasks that localities can speed up, the most important of which is site clearance because this is the most difficult step in the implementation process.

Ngo Tung

Source: https://tienphong.vn/cach-nao-cham-dut-tinh-trang-du-an-co-tien-khong-tieu-duoc-post1664023.tpo