Disbursement of public investment capital: Don't let it 'end of the year rush'

This year, the public investment capital plan of Thai Nguyen province assigned by the Prime Minister is 5,584 billion VND; the Provincial People's Council and People's Committee assigned 6,625 billion VND (the province assigned an additional 1,041 billion VND from the balanced local budget). To complete the economic growth target of 10.5% or more, the disbursement of public investment capital is identified by the province as one of the key tasks, requiring a serious working spirit and high responsibility of the entire political system, all levels, sectors and investors.

Báo Thái Nguyên•29/03/2025

To date, the project connecting National Highway 37 and Provincial Road 269B (Phu Binh) has a completed volume value over the contract value of 110/133.3 billion VND, equal to 82.5%. Photo: Manh Hung

Up to now, the project connecting National Highway 37 and Provincial Road 269B (Phu Binh) has completed volume value over contract value reaching 110/133.3 billion VND, equal to 82.5%. Photo: Manh Hung

In 2025, the People's Committee of Thai Nguyen province set a goal of making a breakthrough in disbursing public investment capital (PIC), striving to disburse 100% of the assigned capital plan, avoiding the situation of "leisurely at the beginning of the year and hasty at the end of the year". To concretize the direction, on February 7, 2025, the Chairman of the Provincial People's Committee issued Directive No. 04/CT-UBND on PIC disbursement. Accordingly, the Provincial People's Committee set out specific timelines for this work; ensuring proactive, flexible, timely and effective management; clearly identifying people, tasks, responsibilities, progress, results, etc.

The province's target is to disburse at least 50% of the capital plan for newly started projects by the end of the second quarter of 2025; at least 60% of the capital plan for transitional projects and other programs and tasks. By the end of the third quarter of 2025, disburse at least 70% of the capital plan for newly started projects; at least 80% of the capital plan for transitional projects and other programs and tasks. By January 30, 2026, disburse 100% of the capital plan assigned for 2025...

Estimated disbursement results of public investment capital by the end of February 2025: Public investment capital payment in the whole province reached 980.5 billion VND, equal to 17.5% of the capital plan assigned by the Prime Minister and 14.8% of the plan assigned by the locality. The disbursement of public investment capital did not achieve the expected results because some projects in the area encountered difficulties and problems in compensation, site clearance (GPMB), resettlement arrangements, etc.

According to the report of the Department of Planning and Investment (now the Department of Finance), for the investors of provincial-level projects, there are 10 units that have not yet disbursed the allocated capital. Specifically, the Provincial Cooperative Union has not yet disbursed the central budget capital allocated under the national target program extended to 2025 according to Resolution No. 174/2024/QH15 dated November 30, 2024 of the National Assembly.

The other 9 investors are: Management Board of Agricultural and Rural Development Construction Investment Projects; Management Board of Vo Nhai District Construction Investment Projects; Management Board of Thai Nguyen City Construction Investment Projects; Thai Nguyen Urban Infrastructure Development and Drainage One Member Co., Ltd.; Department of Culture, Sports and Tourism... have not yet disbursed the 2025 VĐTTC plan.

For localities, 6/9 districts and cities have disbursement rates lower than the average level of the whole province (compared to the capital plan assigned by the Provincial People's Council and People's Committee), including: Pho Yen City 6%; Dong Hy 6%; Phu Binh 5%; Dai Tu 3%; Thai Nguyen City 2% and Song Cong City 0.1%.

The completion of the resettlement area for Ring Road V will significantly contribute to speeding up the construction progress of the road.

In 2025, the Provincial Traffic Construction Investment Project Management Board, now the Traffic and Agricultural Construction Investment Project Management Board (abbreviated as the Traffic and Agricultural Board) was assigned a total planned capital of VND 1,522.4 billion, allocated to 12 projects. With the strong direction of the investor, the disbursement of capital for some projects achieved quite high results.

Specifically, the Ring Road V project through Thai Nguyen province, the disbursement value of the planned capital in 2025 on the granted capital value is 45.4/114.7 billion VND, reaching 39.58%; Ring Road I project (section Bo Dau, Phu Luong district - Hoa Thuong, Dong Hy district) and Hoa Thuong urban bypass, Dong Hy district, the disbursement value on the granted capital value is 44.5/78 billion VND, reaching 57.05%; The road project connecting Provincial Road 265 (Binh Long commune, Vo Nhai district) to Bac Giang, the disbursement value on the granted capital value is 100% (47/47 billion VND).

Although the disbursement progress of some of the above projects has achieved high results, in general, the projects invested by the Department of Transport and Agriculture as the investor by March 21, 2025 only reached 181.4/1,522.4 billion VND, equivalent to 11.92%. The reason is that for most of the projects being implemented, compensation and site clearance have not met the construction progress. Meanwhile, the local budget capital (from land use fee revenue and land rearrangement in the province) in 2025 in reality does not meet the payment and disbursement needs for the projects, which also affects the implementation of construction and the disbursement rate of the capital plan of the Department of Transport and Agriculture (land capital is 970.8 billion VND, accounting for more than 75% of the total capital allocated by the Department in 2025).

Mr. Bui Tien Chinh, Director of the Department of Transport and Agriculture, said: Strictly implementing Directive No. 04/CT-UBND on disbursement of ODA capital, since the beginning of 2025, the Department has deployed many solutions to speed up the implementation progress and increase the disbursement value for projects. We request that local leaders continue to pay attention to directing the land fund development center, specialized departments and divisions to help the Department of Transport and Agriculture speed up the compensation, site clearance and construction progress of resettlement areas. At the same time, promptly approve land prices, complete the cadastral map measurement work to serve as a basis for approving compensation and site clearance plans before March 30, 2025...

In the recent working sessions of Chairman of the Provincial People's Committee Nguyen Huy Dung in Dai Tu and Dinh Hoa districts, the Chairmen of the People's Committees of the districts all committed to seriously implementing the detailed disbursement plan for each program, task, and project, striving to disburse 100% of the capital investment. To speed up the progress of capital investment disbursement, the Department of Finance focuses on monitoring and evaluating the results of the implementation of the capital investment disbursement plan on a weekly and monthly basis to promptly advise the Provincial People's Committee to resolutely transfer the capital plan from slow-disbursing projects that do not need capital to fast-disbursing projects that need additional capital. In the process of restructuring the apparatus, units and localities strictly implement the direction of the Provincial People's Committee on the transition of management of programs, tasks, and projects, absolutely not affecting the progress of implementation and disbursement of capital investment...

Source: https://baothainguyen.vn/kinh-te/202503/giai-ngan-von-dau-tu-cong-khong-de-cuoi-nam-voi-vang-aa82e91/