Promoting the application of information technology to manage public investment work

At the regular Government press conference in October 2024 on the afternoon of November 9, 2024, Deputy Minister of Planning and Investment Tran Quoc Phuong answered questions of interest to the press related to the issue of public investment disbursement.

Deputy Minister Tran Quoc Phuong discusses solutions to promote public investment in the last months of the year - Photo: VGP/Nhat Bac

Deputy Minister Tran Quoc Phuong said that reporting at the regular Government meeting on the morning of November 9, the Ministry of Planning and Investment updated the Government report data. Accordingly, the disbursement rate for the past 10 months has reached over 52%, about 4 percentage points lower than the figure for the same period last year (56.7%). According to the provisions of the State Budget Law, we have 3 months left to disburse the 2024 capital plan, including 2 months for implementation, 1 month to disburse the volumes implemented during the year to have time to adjust and finalize.

The difficulties and challenges in disbursing public investment capital in 2024 will basically continue from 2023. In particular, the biggest difficulty arising in 2024 is about common materials for the construction of large projects, especially traffic projects. "We already know that this issue is not related to the Law on Public Investment but to solve it, it is related to many other laws, especially the law on minerals, licensing of material mines as well as the permission to sell common materials for construction projects," said Deputy Minister Tran Quoc Phuong.

Deputy Minister Tran Quoc Phuong informed that to achieve the target of 95% from now until the end of the 2024 plan, the Ministry of Planning and Investment has consulted many solutions for the Prime Minister and the Government to issue decisions and resolutions to direct the promotion of public investment disbursement.

Some key solutions from now until the end of the year include:

The first group of solutions is to continue implementing the solutions that have been proposed and issued by the Government and the Prime Minister, emphasizing the solution on urging and directing. The Prime Minister has directed the establishment of 7 Government Working Groups led by Deputy Prime Ministers and 2 Ministers of Finance and Planning and Investment to urge disbursement. Along with that is the mechanism of Government members working with localities, assigning localities to urge disbursement of public investment capital. These two mechanisms are still taking place and the members are also very active in working with localities.

The second group of solutions is implementation organization. This is a rather difficult group of solutions whose main responsibility lies with ministries, branches and localities. In the process of implementing public investment capital disbursement, disbursement procedures such as procedures for counting or accepting volume, or procedures for payment and settlement records... require investors to do it early and quickly so that we can disburse the large amount of capital in the plan that is still pending in order to achieve the set goals.

The third group of solutions is to remove difficulties. In addition to difficulties in common materials, there are other difficulties for some projects such as procedures, especially procedures for project adjustment. It is almost the end of the year, any project that is in the process of adjustment procedures must be completed immediately to continue implementation or the progress will be delayed. The second is the procedure for adjusting the plan. Currently, the law has decentralized a lot, ministries, branches and localities must immediately review their capital plans to be able to adjust appropriately. Any place or project with slow disbursement can be adjusted to projects with good disbursement to use up the total capital in the plan assigned by the Prime Minister.

The final group of solutions is to strengthen discipline and order in public investment, especially promoting the application of information technology to manage public investment work as quickly and effectively as possible.

As for the breakthrough solution, it is the institution. The Law on Public Investment is being revised and is being submitted to the National Assembly at this 8th Session, along with other laws such as the law amending 4 laws related to investment. These institutional breakthroughs will not take effect immediately this year because we need to wait for the laws to take effect. Hopefully, when they take effect next year, some of the problems and backlogs from the past will be resolved.

“We have also reported to the Government to submit to competent authorities for permission for projects with legal problems, especially transitional BT projects. We will synthesize, research, review to classify project types and submit to the National Assembly a resolution to resolve them,” said Deputy Minister Tran Quoc Phuong, adding that next year, the Ministry of Planning and Investment will coordinate with ministries and branches to urgently review and report to the Government and the Prime Minister to resolve these problems.

Source: https://thoibaonganhang.vn/day-manh-ap-dung-cong-nghe-thong-tin-de-quan-ly-cong-tac-dau-tu-cong-157629.html