The reason why Binh Thuan's public investment disbursement is lower than the whole country

TPO - As of October 18, the value of public investment disbursement in Binh Thuan was about VND2,069 billion, reaching more than 43%. The slow disbursement is mainly due to the prolonged preparation of project investment and problems with compensation and site clearance.

On October 21, Mr. Doan Anh Dung - Chairman of Binh Thuan Provincial People's Committee - chaired an online meeting, listening to reports on the expected capital sources for public investment plans and the list of key projects for the period 2026 - 2030 as well as the planning of public investment and the list of key projects in 2025.

Reporting at the meeting, Mr. Le Ngoc Tien - Director of the Department of Planning and Investment of Binh Thuan province - said that in 2024, the province's total public investment capital plan is more than 4,700 billion VND.

Mr. Le Ngoc Tien - Director of the Department of Planning and Investment of Binh Thuan province - spoke at the meeting. Photo: TT Dan.

As of October 18, the value of public investment disbursement in Binh Thuan was about VND2,069 billion, reaching more than 43%. The province's 8 key projects with a total planned capital of more than VND662 billion only achieved a disbursement rate of 35%.

According to the leaders of the Department of Planning and Investment, the main reason for the slow disbursement is the prolonged preparation of project investment. Up to now, of the 34 projects undergoing bidding procedures, 14 projects are still being implemented and are stuck with compensation and site clearance.

Therefore, Binh Thuan continues to include 8 key projects in 2024 in the list of key projects in 2025 for implementation direction, including: left bank embankment of Ca Ty River (section from Duc Thanh Bridge to Ung Van Khiem Street), Ka Pet reservoir, Ca Ty River apartment building, Hung Vuong Park project, Phan Thiet Airport, renovation of DT.719B coastal axis road (section Phan Thiet - Ke Ga), Van Thanh bridge and storm shelter anchorage area, combined with Phu Quy fishing port (phase 2).

In the period of 2026 - 2030, the expected capital source for medium-term public investment plan is about 32,234 billion VND to implement the goals and orientations in the approved socio -economic development strategy, plan and planning.

Concluding the meeting, Chairman of Binh Thuan Provincial People's Committee Doan Anh Dung said that although in the past time, the Provincial Party Committee - Provincial People's Committee has directed very strongly to promote the progress of disbursement of public investment capital, the disbursement result so far has only reached over 43%, lower than the national average (over 50%).

Ka Pet Reservoir Project.

Departments, branches, localities, and investors must be determined, drastic, and urgent to overcome existing limitations and remove obstacles to promote disbursement progress to reach at least 95% of the 2024 capital plan as directed by the Prime Minister .

The Chairman of Binh Thuan Provincial People's Committee assigned the Department of Planning and Investment to closely follow the progress of each project to promptly urge and remove difficulties and obstacles, especially for projects with large disbursement volumes such as Van Thanh Bridge, coastal axis DT.719 (Hon Lan - Tan Hai section), DT.719B road (Phan Thiet - Ke Ga section), Ham Kiem road to Tien Thanh (section from National Highway 1 to DT.719B road).

Chairman of Binh Thuan Provincial People's Committee Doan Anh Dung delivered a concluding speech at the meeting. Photo: TT Dan.

Mr. Dung also noted that the Department of Planning and Investment must learn from experience in capital allocation. The total capital plan for 2025 must be allocated before December 31 so that investors can promptly implement the disbursement of public investment capital.

“The spirit is to prioritize capital allocation for important projects, key projects, coastal roads, inter-regional traffic connection projects that are meaningful in promoting socio-economic development, prioritizing capital allocation for investors with good disbursement progress and localities that do a good job of compensation and site clearance. After allocating enough capital, the remaining capital will be allocated for new projects that have completed investment procedures according to regulations,” Mr. Dung requested.

Duy Quang

Source: https://tienphong.vn/ly-do-binh-thuan-giai-ngan-dau-tu-cong-thap-hon-ca-nuoc-post1684361.tpo