Kinhtedothi - New policies taking effect from the beginning of 2025 are expected to create breakthroughs, free up public investment resources, and promote efficiency in accelerating the implementation of the Public Investment Plan 2025 and the following years.
The final stretch of the 2021-2025 period marks a period of strong acceleration in public investment. The government aims to complete the disbursement of the entire public investment capital plan, with a series of key transport projects. However, the short time and pressure to complete on schedule pose significant challenges.
Experts have pointed out that the three biggest obstacles affecting the disbursement progress in 2024 have not been completely resolved. First, the issue of delayed site clearance continues to be the biggest bottleneck, especially in localities with large-scale projects.
Second, complex and lengthy administrative procedures reduce the efficiency of capital approval and disbursement. Third, limited supply of raw materials has stalled many projects, especially in the infrastructure sector.
In fact, the implementation of public investment in the recent period still has limitations such as: institutions and policies directly related to the formation and implementation of public investment projects are still inadequate, affecting the progress of project implementation.
According to regulations, from the time a project is formed until it can disburse capital, the implementing organization goes through many stages, with many processes, procedures and formalities subject to the regulation of many laws such as the Law on Public Investment, the Law on Urban Planning, the Law on Construction, the Law on State Budget, the Law on Land, the Law on Bidding, the Law on Environmental Protection, the Law on Architecture... each stage has different problems.
Meanwhile, implementation must be sequential in accordance with legal regulations and on time, so even small problems will affect the overall progress of the project.
The feasibility of the plan depends on removing important bottlenecks, including optimizing the capital allocation process, improving policy mechanisms, accelerating site clearance progress, and ensuring a stable supply of construction materials. These are issues that the Prime Minister has focused on resolving in late 2024, creating the premise for a breakthrough in public investment progress in 2025.
For example, the Law on Public Investment 2024, which has been effective since January 1, 2025, will remove bottlenecks and bottlenecks in the implementation of public investment projects... That is, shortening the time for project procedures, converting the management method from pre-inspection to post-inspection and simplifying the process to maximize resources, improve project quality, especially key projects on infrastructure construction...; Separating site clearance into independent projects; Decentralizing and delegating more strongly to levels and sectors in implementation, ensuring the principle that whichever level manages the project is responsible for related contents during the implementation process.
Minister of Planning and Investment Nguyen Chi Dung said that the work of building and perfecting institutions and improving the effectiveness and efficiency of law enforcement in general and public investment in particular has been identified as a key and breakthrough task right from the beginning of the 2021-2025 term.
Accordingly, the Law on Public Investment No. 58/2024/QH15 and the Law amending and supplementing a number of articles of the Law on Planning, the Law on Investment, the Law on Investment under the public-private partnership model and the Law on Bidding have been passed by the National Assembly and will take effect from January 1, 2025.
With the spirit of innovation and "revolution" in public investment management, including: regulations to promote decentralization and delegation of power; meeting practical requirements and new development contexts, creating more initiative and flexibility for all levels, sectors and localities in operating and managing public investment.
At the same time, it is necessary to specify and clarify the contents of authority, order and procedures, thereby overcoming difficulties, obstacles and confusion in the implementation of previous regulations.
Along with that is the institutionalization of a number of viewpoints, goals and orientations of the Party Central Committee, the National Assembly and the Government to contribute to promoting the effectiveness of investment activities such as: strengthening investment preparation, decentralizing the adjustment of medium-term and annual public investment plans, simplifying procedures, promoting the implementation and disbursement of ODA capital plans and foreign preferential loans; specifying and increasing the attractiveness of investment under the public-private partnership method; enhancing transparency, shortening time and procedures in organizing the selection of contractors and investors.
To promote the disbursement of public investment capital, a series of solutions have been proposed by the Government, including strengthening discipline in public investment; quickly removing difficulties and obstacles, including those related to construction materials; promoting the activities of the Prime Minister's working groups on urging public investment disbursement; decentralizing and delegating power in conjunction with resource allocation, creating initiative for ministries, central agencies and localities with the spirit of "locality decides, locality does, locality takes responsibility", enhancing the responsibility of leaders... which are expected to boost public investment capital flowing into the economy.
Source: https://kinhtedothi.vn/luat-dau-tu-cong-va-ky-vong-dot-pha-cho-nam-2025.html
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